Senior Writer CNNMoney
[cnn-photo-caption image=http://i2.cdn.turner.com/money/2010/07/03/news/economy/discouraged_workers/job_gloom.gi.top.jpg caption="More Americans than ever before feel they have no hope of finding a job." width=300 height=169]
More Americans than ever before feel they have no hope of finding a job.
A record 1.21 million people want to work, but said they aren't looking because of the weak labor market, according to federal statistics released Friday. The June figure is up from 793,000 a year ago.
The statistic is yet another sign of how bleak the employment picture is. And these folks, known as "discouraged workers," aren't even counted in the unemployment rate because they haven't looked for work in the past four weeks.
Unlike those who have given up completely, discouraged workers have hunted for a job during the past year.
Filed under: Unemployment
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