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Full time unemployment falls; still high

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(Read caption) This chart shows the rate of full-time unemployment over the past two decades. Full-time unemployment declined in November but remains near the highest rate seen in over four decades.

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Friday’s employment situation report showed that in November the full time unemployment rate declined to 9.2% of the civilian workforce but remains 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.