WASHINGTON (AP) — The job market is even worse than the 9.1 percent unemployment rate suggests.
America's 14 million unemployed aren't competing just with each other. They must also contend with 8.8 million other people not counted as unemployed — part-timers who want full-time work.
When consumer demand picks up, companies will likely boost the hours of their part-timers before they add jobs, economists say. It means they have room to expand without hiring.
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