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Full-time unemployment drops 1 percent from November

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(Read caption) This chart shows the unemployment rate of full-time workers from March 1988 to January 2011. The rate dropped 1 percent since November 2010 but is still near a 41-year high.

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Today’s employment situation report showed that the full time unemployment rate declined to 9.7% of the civilian workforce remaining very near the highest rate seen in 41 years.

The Bureau of Labor Statistics considers full time workers to be those “who have expressed a desire to work full time (35 hours or more per week) or are on layoff from full-time jobs”.

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Full time jobless workers currently account for roughly 88.5% of all unemployed workers.

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