Full time unemployment drops

The full time unemployment rate declined to 9.0 percent of the civilian workforce but remains near the highest rate seen in 41 years.

By , Guest blogger

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    This chart shows the annual rate of full time unemployment since 1999. Since reaching historic highs in 2008 and 2009, the full time unemployment situation has improved in 2011.
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Friday's employment situation report showed that in December the full time unemployment rate declined to 9.0% of the civilian workforce but remains 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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