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20% (Not 16%) Are Underemployed In US

From a surprisingly analytical Reuters:

Nearly 20 percent of U.S. workers underemployed

By David Morgan

February 23, 2010

WASHINGTON (Reuters) – Nearly 20 percent of the U.S. workforce lacked adequate employment in January and struggled to make ends meet with reduced resources and bleak job prospects, according to a Gallup poll released on Tuesday.

In findings that appear to paint a darker employment picture than official U.S. data, Gallup estimated that about 30 million Americans are underemployed, meaning either jobless or able to find only part-time work.

Underemployed people spent 36 percent less on household purchases than their fully employed neighbors in January, while six out of 10 were not hopeful about their chances of finding adequate work in the coming month, the poll said…

The poll’s estimate of U.S. underemployment is higher than official statistics. The Labor Department says 16.5 percent of American workers were without employment or worked part-time for economic reasons in January against Gallup’s 19.9 percent.

A Labor Department official said the government rate may be lower because it factors out temporary seasonal changes in employment to better reflect the underlying economy.

What is most surprising about this report from Reuters is that it is reading between the lines of the Gallup poll.

For Gallup itself never explicitly spells out that they have found that their findings are worse than what the Labor Department has been reporting.

Instead, the Gallup article focuses on the effect of high underemployment on the economy in general:

Underemployed Report Spending 36% Less Than Employed

Gallup’s new daily metric estimates that 30 million U.S. workers were underemployed in January

by Jenny Marlar

February 23, 2010

WASHINGTON, D.C. — Gallup’s daily measure of U.S. employment reveals that 19.9% of the U.S. workforce was underemployed during the month of January, translating to close to 30 million Americans who are working less than their desired capacity. Those who were underemployed reported spending 36% less than those who were employed, $48 per day versus $75 per day…

Bottom Line

Gallup data spotlight the stressors faced by 30 million underemployed Americans. Underemployed Americans report spending 36% less than their employed counterparts on average, potentially costing the U.S. economy hundreds of millions of dollars as underemployment continues to remain high…

Funny that Gallup would miss the elephant in their own living room.

This article was posted by Steve on Tuesday, February 23rd, 2010. Comments are currently closed.

3 Responses to “20% (Not 16%) Are Underemployed In US”

  1. proreason says:

    Well it’s Gallup, so you know they have only understated the real amount by 2 or 3%.

    But bending over backwards to understate the truth won’t help much.

    It looks like both Gallup and Reuters are about to move into the crosshairs.

  2. Laree says:

    Rep Thaddeus McCotter on Hardball “Only 21% Of The American People Think They Are Being Governed By Their Own Consent”


    My critique of the video, McCotter is ahead in class, and intellect. McCotter is calling for Free Market solutions to Health Care Coverage, Matthews and Connelly are having none of it.

    Rep Connelly of Prince William Co.,Va., tried to get one of his constituents arrested?


  3. GetBackJack says:

    Ever since I quit working for The Man I’ve been under-employed, underpaid and under-appreciated.

    LOVING it, baby.

    Loving it.

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