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I found this part of the report from the Bureau of Labor Statistics interesting: """ The number of persons employed part time for economic reasons increased b
by rahimnathwani 4y ago
I found this part of the report from the Bureau of Labor Statistics interesting:
"""
The number of persons employed part time for economic reasons increased by 303,000 to
3.9 million in July. This rise reflected an increase in the number of persons whose
hours were cut due to slack work or business conditions. The number of persons employed
part time for economic reasons is below its February 2020 level of 4.4 million. These
individuals, who would have preferred full-time employment, were working part time
because their hours had been reduced or they were unable to find full-time jobs. (See
table A-8.)
The number of persons not in the labor force who currently want a job was 5.9 million
in July, little changed over the month. This measure is above its February 2020 level
of 5.0 million. These individuals were not counted as unemployed because they were not
actively looking for work during the 4 weeks preceding the survey or were unavailable
to take a job. (See table A-1.)
Among those not in the labor force who wanted a job, the number of persons marginally
attached to the labor force, at 1.5 million, was about unchanged in July. These
individuals wanted and were available for work and had looked for a job sometime in
the prior 12 months but had not looked for work in the 4 weeks preceding the survey.
Discouraged workers, a subset of the marginally attached who believed that no jobs were
available for them, numbered 424,000 in July, little changed from the prior month.
(See Summary table A.)
"""