The share of unemployed job-seekers in the US who weren’t even looking for work the month before rose to a record, according to data published Friday by the Labor Department. The large monthly flow of people who started looking for work in August helps explain why labor-force participation and unemployment both rose in tandem. Whether that continues may depend on the job market staying strong and enticing people back in.
(Bloomberg) — The share of unemployed job-seekers in the US who weren’t even looking for work the month before rose to a record, according to data published Friday by the Labor Department. The large monthly flow of people who started looking for work in August helps explain why labor-force participation and unemployment both rose in tandem. Whether that continues may depend on the job market staying strong and enticing people back in.
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