Full time unemployment in decline
The full time unemployment rate declined to 9.6 percent in October, but it remainins near the highest rate seen in 41 years.
Today’s employment situation report showed that in October the full time unemployment rate declined to 9.6% 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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