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The U.S. Bureau of Labor Statistics (BLS) publishes a monthly "Employment Situation Summary" with key statistics and commentary. As of June 2018, approximately 128.6 million people in the United States have found full-time work (at least 35 hours a week in total), while 27.0 million worked part-time. [11]
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work.
Full employment is an economic situation in which there is no cyclical or deficient-demand unemployment. Full employment does not entail the disappearance of all unemployment, as other kinds of unemployment, namely structural and frictional , may remain.
Employers have cut 417,500 jobs so far in 2023, the most since 2020. Layoffs have been largely concentrated in the technology sector, which has seen 136,800 layoffs so far this year. Before the COVID-19 pandemic transformed the American workplace, about 76.7 percent of employers reported little or no telecommuting among employees.
Causes of unemployment in the United States. Job creation and unemployment are affected by factors such as aggregate demand, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage rates .
Broadly, gainful employment refers to an employment situation where the employee receives steady work, payment from the employer and that allows for self-sufficiency. In psychology, gainful employment is a positive psychology concept that explores the benefits of work and employment.
The BLS also provides a readable concise current Employment Situation Summary, updated monthly. U1–U6 since 1950, as reported by the Bureau of Labor Statistics. The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 to U6, which measure different aspects of unemployment:
The Employment Situation – June 2018 - US BUREAU-LABOR STATISTICS - New Hope-Lambertville, PA - ECONOMIC Summary - Total non-farm payroll employment INCREASED by 213,000 JOBS in June
Precarious work. Precarious work is a term that critics use to describe non-standard or temporary employment that may be poorly paid, insecure, unprotected, and unable to support a household. [1] From this perspective, globalization, the shift from the manufacturing sector to the service sector, and the spread of information technology have ...
Underemployment is the underuse of a worker because their job does not use their skills, offers them too few hours, or leaves the worker idle. [2] It is contrasted with unemployment, where a person lacks a job at all despite wanting one.