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Americans Giving Up on Jobs
h/t InstapunditForty percent of Americans who are capable of working but who don't have a job say they have completely given up looking for work, according to a new report. The findings of a survey conducted by Express Employment Professionals show that the longer an individual has been out of the labor force, the more likely they are to say they have given up looking. More than half -- 55 percent -- of those out of work for more than two years say they have given up, while 21 percent of those out of labor force for three months or less say the same. "Sometimes people get so frustrated with their job prospects that they give up looking for work altogether," states the report. "If they're not looking for work, then they're not officially counted among the 'unemployed' according to the government." These factors contribute to a falling labor force participation rate, a figure monitored by the Bureau of Labor Statistics that measures the proportion of the population who do not have a job and did not look for one in the past month. In 2015, this rate averaged out to 62.7 percent, the lowest level seen since 1977. Posted by: g(r)omgoru 2016-01-19 |
| http://www.rantburg.com/poparticle.php?ID=442532 |