Definition of employment unemployment and underemployment
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Underemployment is situation in which workers are employed below their education or skill level, or their availability . Skilled workers in low skill jobs. Part - time workers preferring full time hours . Unemployed workers currently looking for work.
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Employment refers to the state of being employed.
Unemployment occurs when a person who is actively searching for employment is unable to find work.
Underemployment in an economy implies that workers have to settle for jobs that require less skill than they possess, or that offer lower wages or fewer hours than they would like.
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