July 5th, 2010
02:49 PM ET

Job gloom at all-time high

Tami Luhby
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.

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Filed under: Unemployment
soundoff (4 Responses)
  1. Bellaj28

    The US should go to 30 hour work weeks & longer vacations like Europe...more people could be hired and workers would be happier.

    July 5, 2010 at 6:01 pm |
  2. Debrakaren

    My husband and Ihave been looking for employment after Obama's WIA Workforce Investment Act training and reentering school. So we did not qualify for umemployment,any Govt Assistance,we are two educated,trained and qualified individuals who are caught between the loopholes of todays job crisis. Any suggestions...we still walk the pavement everyday in search of employment. This is crazy....

    July 5, 2010 at 4:59 pm |
  3. Michelle

    I just graduated from the University of Chicago, I have applied to more than 50 jobs, most of them in the writing/proofreading/admin assistant field, and the best luck I've had so far is getting waitlisted with a search engine website and I literally just came from an interview at Best Buy. Until I start getting regular income, I am living off a credit card. That is not how a student should kick off graduation from a major university–adding more debt to debt accumulated for a competitive education. My alternative: terminate my apartment lease and move in with my mother–who recently was severanced from her position–in Michigan in a small city that is bleeding out. And I don't drive. It's stressful to be unemployed, but worse to be qualified and have nowhere to go but to the jobs high school students usually occupy.

    July 5, 2010 at 3:02 pm |
  4. Alex Valiao (Fresh Meadows, NY)

    I am looking for a job. Can CNN hire me?? Yawza!

    July 5, 2010 at 2:58 pm |