UNEMPLOYED GIVING UP ON FINDING A JOB
The share of the U.S. population working or actively seeking a job has fallen to 65.9 percent, the lowest level in 16 years. Economists say the weak job market is causing people to give up their searches and drop out of the labor pool at an unusual pace. The effect is to hold down the unemployment rate, at 5.6 percent in February.
March figures were being released today by the Labor Department.
The economy, while growing, is failing to produce much new work to entice seekers. Just 126,000 net jobs were added in the past three months. The recovery is the weakest for job creation since World War II.
SOURCE; BKinformation.com; The Seattle Times