Unemployment and People
Underemployment
Tiffany Allen
BUS640
Prof Michael Blagg
September 19, 2011
Executive Summary The down turn of the economy has stirred up some issues that most people were not prepared to deal with. The unemployment rate is at a petrifying rate and the worst part is that it is even worse than it looks. There are many factors in addition to the unemployment rate alone that are going to prolong the recovery of the job market. In this paper, “underemployment” is defined and explained in terms of rates. Reasons why people are underemployed and how they got there are discussed. Why do people fear underemployment? What are some things that people can do to get themselves out of the rut of being underemployed? What are some ways to prevent unemployment? These questions are answered along with many other questions as well. Although underemployment may seem like only a negative thing, these times in our economy are very a very important part of this country’s history and long term growth. Underemployment teaches a very valuable lesson to many people. When the economy is in a downward slope, the strongest people will survive in this economy and the weaker people will have devastating consequences.
Underemployment
Having recently celebrated Labor Day 2011, the truth is that many US workers are very scared of what direction this economy is going. We are now in the slowest economic recovery since the great depression and it is highly affecting families and their financial recourses are dwindling. The unemployment rates are very deceiving because they do not account for those whom are underemployed.
The definition of underemployment is [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,
Tiffany Allen
BUS640
Prof Michael Blagg
September 19, 2011
Executive Summary The down turn of the economy has stirred up some issues that most people were not prepared to deal with. The unemployment rate is at a petrifying rate and the worst part is that it is even worse than it looks. There are many factors in addition to the unemployment rate alone that are going to prolong the recovery of the job market. In this paper, “underemployment” is defined and explained in terms of rates. Reasons why people are underemployed and how they got there are discussed. Why do people fear underemployment? What are some things that people can do to get themselves out of the rut of being underemployed? What are some ways to prevent unemployment? These questions are answered along with many other questions as well. Although underemployment may seem like only a negative thing, these times in our economy are very a very important part of this country’s history and long term growth. Underemployment teaches a very valuable lesson to many people. When the economy is in a downward slope, the strongest people will survive in this economy and the weaker people will have devastating consequences.
Underemployment
Having recently celebrated Labor Day 2011, the truth is that many US workers are very scared of what direction this economy is going. We are now in the slowest economic recovery since the great depression and it is highly affecting families and their financial recourses are dwindling. The unemployment rates are very deceiving because they do not account for those whom are underemployed.
The definition of underemployment is [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,
References: Rossheim, John. "What Can You Do About Underemployment? | Monster." Career Advice, Interview Questions, Salary Comparisons, and Resume Tips from Monster. Web. 12 Sept. 2011. <http://career-advice.monster.com/job-search/career-assessment/what-can-you-do-about-underemployment/article.aspx>. The Wall Street Journal. "More Americans Dealing with Long-term Employment - MSN Money." Commentary Index - MSN Money. Web. 12 Sept. 2011. <http://articles.moneycentral.msn.com/RetirementandWills/CreateaPlan/chronic-joblessness-cuts-deep.aspx>. Thomas, Christopher. 2011. Managerial Economics, 10th Edition, 10th Edition. McGraw-Hill Primis Custom Publishing, Apr-10. p. 18 "Underemployment Definition." Investopedia.com - Your Source For Investing Education. Web. 10 Sept. 2011. <http://www.investopedia.com/terms/u/underemployment.asp#axzz1XZaQ2GJy>. "Unemployed Face Tough Competition: Underemployed | Fox News." Fox News - Breaking News Updates | Latest News Headlines | Photos & News Videos. 4 Sept. 2011. Web. 11 Sept. 2011. <http://www.foxnews.com/us/2011/09/04/unemployed-face-tough-competition-underemployed/>. Wiseman, Paul, and Christopher Leonard. "Unemployed Workers Face Tough Competition: Underemployed." Breaking News and Opinion on The Huffington Post. 4 Sept. 2011. Web. 11 Sept. 2011. <http://www.huffingtonpost.com/2011/09/04/unemployed-workers-unemployment_n_948478.html>.