Markets

‘Full employment’ may be increasing economic inequality

Unemployment in the UK and the US is really, really low. Technically, both countries have full employment. That was achieved through the growth of involuntary part-time jobs. New data from investment bank UBS and the Resolution Foundation show that, ironically, full employment via involuntary part-time work has increased inequality in […]
‘Full employment’ may be increasing economic inequality
News

53% Of New College Graduates Are Getting A Rude Awakening

[credit provider=”Flickr/katkarp72″ url=”http://www.flickr.com/photos/[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 […]
53% Of New College Graduates Are Getting A Rude Awakening
Markets

An Unprecedented 26 Million Americans Are Now Underemployed

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.
An Unprecedented 26 Million Americans Are Now Underemployed