Why the job hunt is so hard
At the heart of America’s economic woes is the growing gap between the number of people with jobs and the number who would have themif there were full employment. That gap has been increasing in recent months because job growth is stagnant while the population keeps rising.If the job market were healthy — that is, if the unemployment rate were 5 percent and the proportion of adults in the labor force were typicalof earlier years — there would be 151 million workers employed in the United States. Instead, there are fewer than 140 million. Read the related article.
Sources: U.S. Bureau of Labor Statistics, National Bureau of Economic Research. By Neil Irwin and Todd Lindeman / The Washington Post.