underemployment
Unemployment has been slipping, according to a new U.S. Labor Department report Friday. But what about underemployment? According to a new Gallup poll released Friday, national underemployment averaged 19% last year, and Illinois, California and Michigan had the highest rates.
Gallup Poll: How Underemployment Hurts the Economy
6:30PM 1/26/2011
Americans who are unemployed or underemployed are three times as likely to fall behind on their bills as those who are fully employed, according to a Gallup Poll released Tuesday.
Where Are Jobs Going Now? Peru, Bulgaria, Bangladesh. . .
2:45PM 12/21/2010
The U.S. is hardly alone in losing work to cheaper skilled labor in foreign countries. Australia, Canada and Israel, among others, have dropped off Gartner's list of the top 30 countries for outsourcing. Here's where IT and business-processing jobs are heading.
Why Main Street Doesn't Buy Wall Street's 'Recovery'
12:30PM 11/10/2010
If stocks are rising, that should mean the economy is improving. Yet even though the S&P 500 has soared 80% from its March 2009 lows, 70% of Americans don't believe the recession is over. Which side has a firmer grasp of reality?
America is stuck in a job drought -- adding just 71,000 new private sector jobs while shedding 131,000 -- and that will put more pressure on the Fed to stimulate the slack economy. One puzzle: How to create jobs in a period of soaring productivity?
One of the most insidious side-effects of joblessness is Noxious Doubt. After more than two years of underemployment, I've gone beyond the self-defeating exercise of blaming Fate and the Recession to simply blaming myself. Every day, words like "failure" and "loser" circle my head like flies, or...
Unfortunately for the underemployed, working odd jobs can be a way of earning a living, or at least part of a
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living.
I haven't had to resort to eating rice or sending postcards to make a few extra bucks, but as a...
Recent College Grads Can't Get Jobs? Blame the Parents!
8:45AM 4/08/2010
This year looks like it'll be an even worse year to graduate than last year -- and 2009 was dire. A factor keeping young people from decent jobs is older workers delaying retirement due to shrunken nest eggs.
Real Job Growth at Last: Nation Adds 162,000 to Payrolls in March
10:00AM 4/02/2010
March was a good month for employment growth after all, as the economy added 162,000 nonfarm payroll jobs, the Bureau of Labor Statistics reported Thursday. It was the biggest rise in U.S. employment since March 2007, when the economy added 239,000 jobs.
As the job market stabilizes, many workers are accepting temporary and part-time jobs. Some economists think new full-time jobs are the next step, but deep changes in the economy may mean that millions of workers will remain underemployed for a long time.
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