Question

what is underemployment explain with an example

Answer 1

WHAT IS UNDEREMPLOYMENT:

Underemployment occurs when one does not have a job that is full-time or that reflects his or her training and financial needs. It is not the same as unemployment, which is the percentage of employable people in a country’s workforce who are over the age of 16 and who have either lost their jobs or unsuccessfully sought jobs in the last month and are actively seeking work.

The formula for underemployment rate is:
Number of underemployed / Total labor force

HOW IT WORKS (EXAMPLE):

For example, let's say that John Doe graduates from college with a degree in electrical engineering, but the only job he can find is a retail sales clerk. John Doe has a job, so he is not unemployed, but his job does not reflect is skill set, and so he is underemployed.

It is important to note that underemployed is different from not working. Some people may be in school full time, working at home, disabled or retired. They are not considered part of the labor force and therefore are not considered unemployed. Only people not working who are looking for work or waiting to return to a job are considered unemployed.

Some level of underemployment will always be present in an economy as industries expand and contract, as technological advances occur, as new generations enter the labor force, and as long as workers can voluntarily search for better opportunities. This is why most economists agree that there is a natural rate of unemployment in the economy (usually 4% to 6%), and accordingly there will be a natural rate of underemployment as wel

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Answer 2

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dear friend!!






here is ur answer !!☺☺☺


your question is = what is unemployement explain with an example?




Ans = The disguish unemployement is in which is participation of a person is not included then also there will be no change in the production of goods it means the productivity of distinguished unemployment person is zero this type of unemployment is found in agriculture.........
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