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In U.S., workers abandon job hunt

Posted: June 10, 2014 at 2:32 a.m.

This April 4, 2014, file photo shows Erica L. Groshen, commissioner of the Bureau of Labor Statistics at the Department of Labor, breaks down the latest employment statistics for the Joint Economic Committee on Capitol Hill in Washington. The unemployment rate was unchanged at 6.7 percent. It has been on a slow downward trajectory since the recession ended nearly five years ago. But while the overall jobless level has dropped to non-recessionary levels, the number of the working-age people with actual jobs is barely over 6 in 10, hovering at a level reminiscent of the late 1970s.

The unemployment rate has been on a slow downward trajectory since the recession ended nearly five years ago. While overall joblessness has dropped to nonrecession levels, the number of people age 16 to 65 with jobs is barely over 6 in 10, hovering at a level reminiscent of the late 1970s.

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