Underemployed


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Underemployed

The group of persons with part time jobs who are willing and able to work full time. Underemployment is most common during difficult economic times, when job growth is stagnant or declining. Underemployed persons are bringing in an income, but it may not be sufficient to pay their bills and usually is not enough to support the lifestyle they were living when they were employed full time. For this reason, the underemployment rate is sometimes called the "real" unemployment rate. See also: U6.
References in periodicals archive ?
According to Eurostat, in Cyprus, the percentage of people working part-time in 2014 was 14% and the underemployed 9.
Business chiefs expressed concern at the figures yesterday, saying underemployed people can be almost as vulnerable as the unemployed when it comes to getting into financial diffi-culty.
However, 50 percent of these underemployed recent-college-graduates had "good'' non-college jobs, and only 16 percent were in low-paying non-career-oriented positions.
Migrants in High-Income Countries Particularly Likely to Be Underemployed, Unemployed
Conducted by the House of Commons library and commissioned by the Labour Party, the research also shows that the number of people with dependent children who are underemployed has increased by 200,000 over the same period.
The bulk of the underemployed or uncounted people - 139,600 - were underemployed, looking for full-time jobs but only able to find part-time work, according to the bureau.
Youngsters aged 16-24 were the worst hit, with 20% underemployed this year compared to 10% of those aged 35-49.
Of the extra one million underemployed workers in 2012 compared with 2008, three-quarters were in part-time posts.
Watch out, graduating Millennials, reentering boomers, or "happy to do anything" seniors-these underemployed folks are going for the plum jobs from the inside
This article identifies and assesses changes in the size and demographic and socioeconomic composition of the Nations underemployed workers during the course of the recession of 2007-09.
The report noted that unpaid overtime had increased despite a rise in the number of people classed as underemployed, which counted those wanting to work longer hours.
First, assume that the worker is underemployed so that the actual hours worked is given by [L.