Posts Tagged ‘ Discouraged Workers

Discouraged Workers: A Cover For a Higher “True” Unemployment Rate? (II)

discouraged workers21 300x300 Discouraged Workers: A Cover For a Higher “True” Unemployment Rate? (II)There were even large numbers of students who left school to take high-paying jobs in the technology sector. The onset of the 2001 recession produced a turnaround in all of those statistics. The number of unemployed rose by about 2.5 million individuals. The number of part-time workers who indicated that they would like to work full-time rose by over a million. Read more

Discouraged Workers: A Cover For a Higher “True” Unemployment Rate? (I)

discouraged workers2 300x300 Discouraged Workers: A Cover For a Higher “True” Unemployment Rate? (I)Certain individuals, after spending some time in the pool of the unemployed, may become discouraged about their future job prospects. They may leave the labor market to go back to school, to retire, to work full-time at home without pay, or just to take some time off. Whichever path they choose, when interviewers from the BLS ask these individuals whether they are “actively looking for a job,” they say no. Read more