At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking.
The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows.
A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553 working-age Americans conducted for Express Employment Professionals.
http://www.cnbc.com/id/102694868
40 percent of unemployed have quit looking for jobs
Discussion in 'News & Current Events' started by Revmitchell, May 20, 2015.
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Revmitchell Well-Known MemberSite Supporter
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church mouse guy Well-Known MemberSite Supporter
The highest corporate taxes in the world are killing American business and driving it overseas. No one is getting a raise. Meanwhile the US Chamber of Commerce and the Business Roundtable have joined with the Democrats to bring in another 15 million Mexicans at the same time that Obama is acting to keep Cubans in a Stalinist island prison by denying them asylum if the reach our shores.
Obama is gambling that there will be no Judgment Day. -
InTheLight Well-Known MemberSite Supporter
Bunch of slackers...
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This is a clear indication that the employment report that comes out every month doesn't really reflect the unemployment problem in its entirety. The problem is that once people have stopped looking for job, they're no longer accounted into the group of people that are unemployed.
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church mouse guy Well-Known MemberSite Supporter
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church mouse guy Well-Known MemberSite Supporter
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It's an accounting gimmick to make the unemployment rate look better than it actually is.
Many people without work are also without hope and simply exist in quite desperation. -
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Earth Wind and Fire Well-Known MemberSite Supporter