BUSINESS
01/08/2011 05:12 am ET Updated May 25, 2011

1.2 Million Unemployed Want A Job But Have Given Up Looking

A heartening jobs report last week masked an ominous statistic: Discouraged workers hit a record 1.2 million.

Discouraged workers are those who want a job but aren't counted in the labor force because they've stopped looking for work.

When the job market improves, many Americans on the sidelines will return to the labor force, holding up the unemployment rate even if job growth surges.

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