Underemployment Rate
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An Underemployment Rate is an ratio between underemployed worker population (of underemployed workers) relative to the worker populations (in some labor market)
- Context:
- It can (typically) be determined by a Survey.'
- It can (typically) be higher than its corresponding Unemployment Rate.
- Example(s):
- Counter-Example(s):
- See: State of Large-Scale Underemployment.
References
2016
- http://www.statista.com/statistics/205240/us-underemployment-rate/
- … The survey is conducted doing daily telephone interviews among about 30,000 adults per month in the U.S. The graph shows the 30-day average for each month to depict an annual trend. The rate is created by adding unemployed workers, who are looking for work, to the amount of workers employed part time but seeking full-time work. ...
2015
- http://www.wsj.com/articles/u-s-adds-252-000-jobs-unemployment-falls-to-5-6-1420810489
- QUOTE: ... while strong hiring has helped push the jobless rate down, a broader measure of unemployment, which includes involuntary part-time workers and people marginally attached to the labor force, was 11.2% last month, down from 11.4% in November. Though nearly two percentage points lower than a year earlier, the level remains well above prerecession norms around 8% to 8.5%.
2014
- http://www.investopedia.com/terms/u/underemployment.asp
- QUOTE: A measure of employment and labor utilization in the economy that looks at how well the labor force is being utilized in terms of skills, experience and availability to work. Labor that falls under the underemployment classification includes those workers that are highly skilled but working in low paying jobs, workers that are highly skilled but work in low skill jobs and part-time workers that would prefer to be full-time. This is different from unemployment in that the individual is working but isn't working at their full capability.