Explain about the term underemployment and unemployment rate, Business Economics

Explain about the term underemployment and unemployment rate.

Discouraged employees are non-working people who are able of working although are not actively in search of a job.

Underemployment:

It is the number of people who work throughout a recession although receive lower wages than they would throughout an expansion because of smaller number of hours employed, lower-paying jobs, or both.

The unemployment rate:

It is the ratio of the number of people unemployed to the whole number of people into the labor force, either recently working or search for jobs.

Posted Date: 9/6/2013 6:57:27 AM | Location : United States







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