Hmmmm. Well, of course they don’t mention those who have basically given up on looking for a job.
I regularly see job postings where it’s not uncommon for 75-100+ people to apply for one position (some of them actually track the submissions).
Hear all this talk about the workforce participation rate? That's where those people show up (reducing the rate).
When they get back in the game, the participation rate and the unemployment rate both increase - just like this month.
The mainstream media conveniently leave that out but the actual Bureau of Labor Statistics report says:
“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) decreased by 587,000 to 5.8 million in June, offsetting an increase in May. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
In June, 1.8 million persons were marginally attached to the labor force, about unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 502,000 discouraged workers in June, down by 151,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3 million persons marginally attached to the labor force in June had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)”