Article snippet: There remain more than 11 million Americans who are out of work but want full-time jobs, despite claims by corporate interests and the big business lobby of a so-called “labor shortage.” The latest unemployment data from the Bureau of Labor Statistics reveals there is still slack in the labor market for disenfranchised Americans to enter the workforce rather than business bringing foreign workers to the U.S. to take jobs. Overall, about 5.8 million Americans are unemployed — 12.6 percent of whom are teenagers who generally seek entry-level jobs and 5.9 percent of whom are black Americans. These nearly six million unemployed also include about 1.2 million Americans who are considered “long-term unemployed” because they have been out of work for more than six months. Another 4.1 million Americans are working part-time jobs but want full-time employment. Additionally, 1.2 million Americans are out of the labor force entirely after looking for a job sometime within the last year. These marginally attached Americans are available for work and want full-time jobs. Roughly 277,000 of the 1.2 million Americans out of the labor force completely are considered “discouraged workers” because they do not believe there are jobs in the labor market for them. In total, about 11.1 million Americans are either unemployed, out of the labor force, or underemployed; however, all have said they want good-paying, full-time jobs. While Americans have enjoyed significant wage growth in T... Link to the full article to read more
No Labor Shortage: 11M Americans Out of Work but Want Full-Time Jobs
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