Underemployment

Underemployment
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.

For example, an individual with an engineering degree working as a pizza delivery man as his main source of income is considered to be underemployed and underutilized by the economy as he in theory can provide a greater benefit to the overall economy if he were working as an engineer. Also, an individual that is working part-time at an office job instead of full-time is considered underemployed because they are willing to provide more employment, which can increase the overall output.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • Underemployment — refers to an employment situation that is insufficient in some important way for the worker, relative to a standard.[1] Examples include holding a part time job despite desiring full time work, and overqualification, where the employee has… …   Wikipedia

  • underemployment — UK US /ˌʌndərɪmˈplɔɪmənt/ noun [C] ► a situation in which someone or something is not used as much as they should be: »Underemployment of skills is one of the biggest concerns among recent graduates. ► the fact of not having enough work to do,… …   Financial and business terms

  • underemployment — underemployed ► ADJECTIVE ▪ not having sufficient or sufficiently demanding paid work. DERIVATIVES underemployment noun …   English terms dictionary

  • Underemployment Equilibrium — A condition where underemployment in an economy is persistently above the norm and has entered an equilibrium state. This, in turn, is a result of the unemployment rate being consistently above the natural rate of unemployment or non accelerating …   Investment dictionary

  • Underemployment equilibrium — In Keynesian economics, underemployment equilibrium refers to a situation with a persistent shortfall relative to full employment and potential output so that unemployment is higher than at the NAIRU or the natural rate of unemployment. This… …   Wikipedia

  • underemployment — noun Date: 1909 1. the condition in which people in a labor force are employed at less than full time or regular jobs or at jobs inadequate with respect to their training or economic needs 2. the condition of being underemployed …   New Collegiate Dictionary

  • underemployment — See underemployed. * * * …   Universalium

  • underemployment — noun The condition of being underemployed …   Wiktionary

  • underemployment —   when people have jobs that do not fully occupy them and so they do not earn sufficient wages to properly cover their needs …   Geography glossary

  • underemployment — n. lack of full time or adequate employment …   English contemporary dictionary

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