3 Million ‘Discouraged Workers’ Have Ceased Employment Search
The Labor Department reports there are 3.25 million Americans who are labeled “discouraged workers” because they’ve ceased to find employment — despite the growing number of jobs available.
Several factors have been linked to these individuals’ decisions to stop seeking employment: 1) Age – Workers over the age of 55 have a harder time finding employment. They are the fastest growing number of discouraged workers. 2) Family – Some parents have utilized their unemployment to focus more on raising their children during the fickle economy. 3) Education – Students who anticipated a blossoming career upon graduating from college have decided to enroll back in school until the economy stabilizes.