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Underemployment is a problem particularly in developing countries, where the unemployment rate is often quite low, as most workers are doing subsistence work or occasional part-time jobs. In 2011, the global average of full-time workers per adult population was only 26%, compared to 30–52% in developed countries and 5–20% in most of Africa.
The state of being without any work yet looking for work is called unemployment. Economists distinguish between various overlapping types of and theories of unemployment, including cyclical or Keynesian unemployment, frictional unemployment, structural unemployment and classical unemployment definition.
The steady employment gains in recent months suggest a rough answer. The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.
Precariat. Not to be confused with prokaryote. In sociology and economics, the precariat ( / prɪˈkɛəriət /) is a neologism for a social class formed by people suffering from precarity, which means existing without predictability or security, affecting material or psychological welfare. The term is a portmanteau merging precarious with ...
With the unemployment rate holding steady at 9.7% in February, after dropping from 10% in January, confidence is growing that the job market is finally turning around. But as with all statistics ...
For the next 10 to 15 years, those in the Class of 2013 will likely earn less than if they had graduated when the economy were at its potential. For young high school graduates, the unemployment rate is 29.9% (compared with 17.5% in 2007) and the underemployment rate is 51.5% (compared with 29.4% in 2007).
When I graduated from college in the summer of 2008 with a degree in English with honors, and a certification to teach high school, I had no idea what the future had in store.
Young people protesting about youth unemployment in Hamburg. Youth unemployment is a special case of unemployment; youth, here, meaning those between the ages of 15 and 24. [1] Young people have difficulties finding work, consistently different from those of the general workforce. They also are affected in distinct ways.