Yes that is underemployment, all those that want better jobs than they can find, plus those unemployed, it continues to go up.
The actual unemployment, before the looks better fixes are applied for 2010 Jan-Mar is 16.5% 16.8% 16.9% — yes it’s increasing. The real data is here, look for item U-6. Always best to go to the source, ignore the lame stream media hype and cheering leading breathless drools.
So underemployment is increasing, sigh, up another 0.5% in March 2010. Steadily rising, as Obozo’s socialist policies are destroying the private sector economy.
This sums it up the meaning of underemployment:
As unemployed Americans find part-time, temporary, and seasonal work, the official unemployment rate could decline. However, this does not necessarily mean more Americans are working at their desired capacity. It will continue to be important to track underemployment—to shed light on the true state of the U.S. workforce, and the millions of Americans who are searching for full-time employment.
So if you are a college grad with years experience in your chosen field, and now work at Burger King, that’s what underemployment is.
What we need is less government out out control spending which is doing nothing but bankrupting our country, in the name of economic stimulus and more of the government getting the hell out of the way of the private sector economy.