The rate is the number of underemployed people expressed as a proportion of the labour force (i.e.
2. ... Underemployment Rate . But it does measure one aspect of visible underemployment. The most recent UK rate of 3.0% for May 2018 remains above pre-recession lows of 2.3% found in May 2008 and the historic low of 1.9% found in six separate months in 2004 and one in 2005. A focus on the unemployment rate alone would have suggested that the labor market experience of black workers was improving in 2010 when the underemployment measure showed deterioration, and an exclusive focus on unemployment would also have missed the particularly sharp deterioration of conditions for Hispanic workers in 2007–8. In that year 28.1% of part-time workers wanted more hours, compared to 26.4% in 2018:Please preview your comment below and click ‘post’ when you’re happy with it.Including such people in the total of the unemployed would certainly increase the unemployment rate (up to around 12%) but it would not suggest any difference in the change over the past decade:The annual data also gives some insight into the numbers of people who are marginally attached to the workforce – those who are not technically unemployed because they are not actively looking for work.In the 12 months to February 2018, more than a million workers changed jobs. Underemployment Rate . However, the Bureau of Labor Statistics does not release a seasonally-adjusted monthly series for individual racial groups making underemployment rates less useful for real-time analysis to understand turning points in the business cycle. We are working to ensure that the UK has the vital information needed to respond … Still, much can be learned from these data to better understand how well the labor market is functioning for all workers.Like the standard unemployment rate, the underemployment rate reveals very different labor market outcomes for black, Hispanic, and white workers (see figure 2). But 1993 was … The underemployment rate is also helpful for determining the amount of labor market slack that remains once the unemployment rate has fallen to a … Among people age 25 and older with a bachelor's degree or more education, the unemployment rate was 2.1 percent in April 2018, slightly lower than the rate of 2.4 percent a year earlier. It started out with an underemployment level of 3.5 percent in 2008; that doubled by 2014, and has barely come down since. The veracity of these boasts varies, however. 5 For workers with less than a high school diploma, the unemployment rate was 5.9 percent in April 2018 and 6.5 percent in April 2017.For people with some college or an associate degree, the unemployment rate was 3.5 percent in April 2018 and 3.7 percent a year earlier.Among workers age 25 and older who graduated high school but did not attend college, the unemployment rate was 4.3 percent in April 2018, compared with 4.6 percent a year earlier.The unemployment rate in April 2018 edged down to 3.9 percent, following 6 months at 4.1 percent.