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By Jake Thiewes & 24/7 Wall Street With the upcoming presidential election, more than ever people are focused on the government's unemployment statistics. Last Friday, the Labor Department ...
Data for all U.S. states, the District of Columbia [4] and Puerto Rico [5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018.
People who are neither employed nor defined as unemployed are not included in the labor force calculation. For example, as of September 2017, the unemployment rate (formally defined as the "U-3" rate) in the United States was 4.2% representing 6.8 million unemployed people.
For example, workers currently not being used to produce goods or services due to legal or social restrictions or because the work is highly seasonal. Underemployment is a significant cause of poverty [citation needed] as pay may be insufficient to meet basic needs.
By PAUL WISEMAN and CHRISTOPHER LEONARD WASHINGTON (AP) -- The job market is even worse than the 9.1 percent unemployment rate suggests. America's 14 million unemployed aren't competing just with ...
Like many part-time employees, Bintou Kamara would like to work more hours. Employed as a cashier at a flagship Ambercrombie & Fitch store in midtown Manhattan, Kamara, 22, says that she works as ...
The last people are "involuntary part-time" workers, those who are underemployed, such as a computer programmer who is working in a retail store until he can find a permanent job, involuntary stay-at-home mothers who would prefer to work, and graduate and professional school students who are unable to find worthwhile jobs after they graduated ...
And of course, staying in an underemployment situation can seriously erode your financial stability and make it difficult to grow your wealth, said Morgan, adding that there are ways you can build ...