Underemployment statistics us
In February 2020, the unemployment rate was 3.5%. That's at the low end of the range of 3.5% to 4.5% or natural rate of unemployment. If unemployment is less than the natural rate, businesses can't find enough workers to keep operating at full capacity. That could slow economic growth. Almost half — 48 percent — of women reported feeling underemployed, while only 39 percent of men did. In addition, the study found 90 percent of the most underemployed majors are dominated by women. Gen Y, or millennial, workers had the highest rate of underemployment at 46 percent, Underemployment isn’t a new phenomenon. According to Doug Maynard, a psychology professor at SUNY New Paltz and co-editor of Underemployment: Psychological, Economic and Social Challenges, the term refers to a few different types of employment: holding a part-time or contract role but preferring something full-time; earning less than you typically would with your education and experience; or