discouraged workers

Unemployment Rate Still Only 10% Because Everyone's Just Giving Up

Unemployment Rate Still Only 10% Because Everyone's Just Giving Up

The good news: the national unemployment rate hasn’t gone above 10%. The bad news: it’s because hundreds of thousands of people are giving up hope and dropping out of the labor force entirely. The percentage of Americans taking part in the labor force is the lowest it’s been since the mid-’80s, and over 900,000 people are no longer looking for work because they don’t think any is available. [More]