Job Market Monitor
Underemployment
Underemployment In Australia – Over 1 M people
Being underemployed can have a significant impact on the financial, personal and social lives of individuals. While there are some people who are entirely without work (e.g. the unemployed), there is also a growing number of people who are in work but who want more work (i.e. underemployed). These workers are likely to be competing … Continue reading
Grads in US – 51 Percent feel underemployed
Why do new college graduates end up so disillusioned, underemployed and undervalued after a couple years of work? The Accenture Strategy 2016 U.S. College Graduate Employment Study highlights the disparity between new graduate expectations and the reality of the working world, and examines how employers can improve the employee experience to attract and retain top … Continue reading
Grads in UK – A significant difference between their expectations and their experiences
For the second year in a row, the results of the Accenture Strategy UK University Graduate Employment Study highlight a significant difference between the expectations of new university graduates and the experiences of recent graduates. The class of 2016 is entering the workforce with confidence in how they have been prepared and great expectations for … Continue reading
Underemployment in Europe in 2015 – 10.0 million or 22.4% of all part-time workers and 4.6% of total employment
Among the population aged 15 to 74 in the European Union (EU), 220 million were employed, 23 million were unemployed and 136 million were economically inactive in 2015. Around 8 in every 10 persons employed in the EU were working full time and 2 in 10 part-time. Among these 44.7 million persons in the EU … Continue reading
Underemployment – A negative impact on future pay research finds
In recent years, the number of people graduating from higher education has increased rapidly all over the world. In most countries, however, this increase in labor supply quality has not been followed by an equal rise in labor demand, leading to a larger mismatch on the labor market for graduate students. The current turbulent state … Continue reading
Federal Reserve Board’s Survey – Forty-nine percent of part-time workers and 36 percent of all workers would prefer to work more hours
As the economy of the United States continues to rebound from the Great Recession, the well-being of households and consumers provides important infor- mation about the scope and pace of the economic recovery. In order to monitor the financial and eco- nomic status of American consumers, the Federal Reserve Board began conducting the Survey of … Continue reading
Youth in Canada – The bigger issue is underemployment says the Broadbent Institute
As of October, 2014, the youth unemployment rate was still 12.6%, well over double the adult rate, and the youth employment rate (the proportion of the age group 15 to 24 holding any kind of a job) was 56.5%, still down a full three percentage points from 2008. The bigger issue is underemployment. Far too … Continue reading
Underemployment in Europe – Three forms of it
This article reports on three forms of unemployment in the European Union (EU) which are not covered by the ILO definition of unemployment. They are: underemployed part-time workers, jobless persons seeking a job but not immediately available for work and jobless persons available for work but not seeking it. These three groups do not meet … Continue reading
EU – The rate of underemployed part-time workers was 4.1 % on the top of the 10.6% unemployment rate
This article reports on three forms of unemployment in the European Union (EU) which are not covered by the ILO definition of unemployment. They are: underemployed part-time workers, jobless persons seeking a job but not immediately available for work and jobless persons available for work but not seeking it. In 2013Q4 in the EU-28, the … Continue reading
Teens and young adults employment plummeted between 2000 and 2011 in the Largest Us Metropolitan Areas study says
“Employment prospects for teens and young adults in the nation’s 100 largest metropolitan areas plummeted between 2000 and 2011” write Andrew Sum, Ishwar Khatiwada, Mykhaylo Trubskyy, and Martha Ross with Walter McHugh and Sheila Palma in The Plummeting Labor Market Fortunes of Teens and Young Adults on brookings.edu. On a number of measures—employment rates, labor force underutilization, unemployment, and year-round joblessness—teens … Continue reading
US – The underemployment of college graduates is displacing lower skilled workers
The jobless rate of Americans ages 25 to 34 who have only completed high school grew 4.3 percentage points to 10.6 percent in 2013 from 2007, according to Bureau of Labor Statistics data. Unemployment for those in that age group with a college degree rose 1.5 percentage points to 3.7 percent in the same period. … Continue reading
Canada’s Youth / The unemployment rate doubles the average and there is no job economic recovery
Young people today face an extremely challenging labour market. The unemployment rate for those aged 15 to 24 is double that of the national average and job gains since the economic recovery began have been nearly non-existent. Solving this problem, however, is no easy task. Continue reading
US / Retirement damaged by unemployment – A survey
The Damaged Nest Egg: Un/Underemployment Results in Withdrawals from Retirement Funds -A sizeable majority of the un/underemployed (62 percent) are not too/not at all confident that they will be able to retire comfortably Continue reading
US / Employment for 20 to 34-year-olds fell more than than among all workers over age 35 combined
Demos investigated the Bureau of Labor Statistics data for young adults in 2012 in order to see how the experience of young people today affects their prospects for tomorrow. We found that last year passed with no significant gains for young people, who continue to endure a jobs crisis even as the economy recovers. The … Continue reading
UK / The gap between our underemployment index and the unemployment rate is widening
Official unemployment figures are disguising the fact that a significant number of people who are in both full time and part time work are not able to work longer hours even though they want to, a report published on Thursday suggests. According to an analysis carried out for the National Institute of Economic and Social … Continue reading
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