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.
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.