Asset Based Loan

Part time and discouraged workers figures stay steady

10:30 A.M, Friday December 7th report by the Bureau of Labor Statistics, (BLS) reflect that while the unemployment rate has gone down, the Part Time and discouraged workers figures have held steady.

According to the bureau, the number of persons employed part time for economic reasons, which the bureau refers to involuntary part time workers, was 8.2 million in November, which was essentially unchanged from the previous month.   These workers reported that they were working part time because their hours had been cut back or they could not find full time work.    The number of discouraged workers was 979,000 in November, also little changed from the previous year, per  the SBA, Small business administration.

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