Full time unemployment falls; still high
In November, the full time unemployment rate declined to 9.2 percent of the civilian workforce but remains near the highest rate seen in 41 years.
This chart shows the rate of full-time unemployment over the past two decades. Full-time unemployment declined in November but remains near the highest rate seen in over four decades.
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Friday’s employment situation report showed that in November the full time unemployment rate declined to 9.2% 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.