Full time unemployment rate declines slightly
Still remains near the highest rate in 41 years
Friday's employment situation report showed that in August the full time unemployment rate declined slightly to 9.7% of the civilian workforce remaining near the highest rate seen in 41 years.
The Bureau of Labor Statistics considers full time workers to be those “who have expressed a desire to work full time (35 hours or more per week) or are on layoff from full-time jobs”.
Full time jobless workers currently account for roughly 88.5% of all unemployed workers.
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