Here’s what full employment looks like
Last night in his speech to Congress, President Donald Trump said 94 million people are out of the labor force. But according to the Bureau of Labor Statistics, that figure includes retirees, students, stay-at-home parents and other people who just aren’t looking for a job. The truth is, at 4.8 percent unemployment, the U.S. economy is close to reaching full employment. That means for many companies, it’s actually pretty hard to find workers to hire.
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
