There is almost zero wage growth in the US and the UK, even though there is full employment. That is unexpected, because a tight labour market usually drives up wages. So what is going on? New data in a research paper for the National Bureau of Economic Research suggests the […]
We have full employment in the US and the UK but extremely low wage growth. The “gig economy” is structured to keep wage levels down even when there are shortages of workers. Underemployment – part-time work – has replaced the role that mass unemployment used to play in the US […]
Chronic "underemployment" is slowly replacing...
A college degree used to be a near guarantee...
While earning a college degree is still the...
It's getting worse.
It's a 12-step recovery process.
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[email protected]/1878527097/”] The USA Today reports graduating class of 2012 is in for a rude awakening as Half of new graduates are jobless or underemployed. About 1.5 million, or 53.6%, of bachelor’s degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at […]
[credit provider=”Meredith Galante “] This morning we learned that just half of recent college graduates are landing jobs in their field, according to the centre of labour Market Studies at Northeastern University.Of the 1.5 million who are underemployed, the AP reports that:
While the number of unemployed workers has held steady at around 14 million in recent months, another telling measure of frustration in the labour market—the number of underemployed individuals—rose for a third consecutive month in September, by almost a half of a million people.
