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Hidden workforce challenges domestic economic recovery

Date: March 15, 2011
Author: Ylan Q. Mui
QUOTE: These workers are not counted in the Labor Department’s monthly unemployment rate, yet they say they are willing to work. Since the recession began, their numbers have grown by 30 percent, to more than 6.4 million, amounting to a hidden labor force that could stymie the turnaround... Workers are counted as unemployed only if they are actively job-hunting. Otherwise, they are considered outside of the labor force altogether.

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Economists say the longer these workers stay out of the job market, the harder it will be for them to find employment, creating a vicious circle that can spiral for months or longer. Meanwhile, their delayed entry into the job market means smaller paychecks in the future. And if these ranks remain high, economists worry that it will signal a much deeper and more troubling problem for the country: Workers’ skills don’t match the jobs available. Visit: Write my Essay

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-- Triple H on November 08, 2018 10:23 AM (view details)

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