U.S. underemployment rate 18.4 percent in July, according to Gallup poll

[Robbien]

Source: Michigan Live

The underemployment rate as measured by Gallup was 18.4 percent in July, up slightly from 18.3 percent in June. The results confirm that there was no real improvement in the U.S. job market last month.

The underemployment rate measures both Americans who are unemployed and those working part-time but wanting full-time work.

. . .

Americans aged 18 to 29 had the highest underemployment rate in July of any age group at 28.4 percent. Those without any college education had a 23 percent underemployment rate.

According to the report, fewer underemployed Americans are optimistic they will find work any time soon. Only 40 percent of the underemployed surveyed said that they are "hopeful' they'll find a job in the next month, down from 42 percent in June.


Read more: http://www.mlive.com/michigan-job-search/index.ssf/2010/08/us_underemployment_rate_184_percent_in_j.html

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Almost thirty percent of twenty-somethings are not working or are working part time.

Uh-oh

[theoldman]

1. What is an "underemployment rate"?

[maxsolomon]

2. I am getting paid for 32 hours/wk. but I should be working 40.

I am 20% underemployed. Or something like that.

[Greyskye]

3. Underemployment:

Underemployment rate - proportion of employed persons who expressed desire to have additional hours of work in their present job or in an additional job or to have a new job with longer working hours.

http://www.neda.gov.ph/ads/mc-ihdc/update/definitionofterms-areasofconcerns.htm

[uppityperson]

4. "The underemployment rate measures both Americans who are unemployed and ..."

Fom OP: The underemployment rate measures both Americans who are unemployed and those working part-time but wanting full-time work

[Beacool]

5. We are doing just A-OK in this country.

There aren't enough deck chairs on the Titanic to hold on to in the water. People are drowning financially with no end in sight.

The NYT had an article about a 49 year old woman who had been solidly middle class and was even working on her MBA when she lost her job. After more than a year of not finding a job she was homeless (staying in a motel thanks to a friend wiring her some money). The same day the NY Post had an article about the shrinking middle class. We are becoming a nation of a few "haves" vs. a majority of "have nots".

Damn depressing and scary........

:(

[lib2DaBone]

6. The Banker Robber Barrons have taken over....

In days of old.. our leaders stood up to Bankers greed before it destroyed the entire nation.

No more... Goldman Sachs has won.