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Unemployed Seeking Full-Time Work Could Climb From 14.9M To 26.4M In Worst-Case Scenario

Unemployment Job Seekers

First Posted: 05/26/10 06:12 AM ET Updated: 05/25/11 05:00 PM ET

DailyFinance:

As those part-time workers are made full-time, the 2.5 million workers who are discouraged and have stopped looking for work -- and as a result don't show up in the unemployment statistics -- will begin returning to the labor market. Add them to the 14.9 million unemployed already counted and the part-timers, and that's at least 26.4 million people potentially looking for work. The nation would need double-digit gross domestic product growth to absorb that many workers.

Read the whole story: DailyFinance

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Filed by Grace Kiser  |