No Labor Shortage: 11.5M Jobless, Underemployed Americans Available for Full-Time Work
There remain about 11.5 million Americans who are out of work, sitting on the labor market sidelines, all of whom want full-time, high-wage jobs without being forced to compete against a growing number of cheaper, foreign workers.
The latest employment data from the Bureau of Labor Statistics finds there is still slack in the labor market and thus businesses can pull disenfranchised Americans back into work through higher wages, better working conditions, and competitive benefits packages.
While Department of Homeland Security (DHS) Secretary Chad Wolf approved American businesses to import an additional 35,000 H-2B foreign visa workers to take nonagricultural U.S. jobs, there are still about 11.5 million Americans who are unemployed and underemployed.
This includes about 5.8 million Americans who are unemployed — 11 percent of which are unemployed teenagers and 5.8 percent of which are unemployed black Americans. This also includes about 1.1 million long-term unemployed Americans who have been jobless for at least 27 weeks.