Positive Trends in Under-Employment?

Gallupsays we may have seen a marginal improvement in the horrific under-employment trend this September.  Under-employment (as measured by U6) includes people with part-time jobs who would prefer to be working full-time.  But with a lack of end demand, many employers just cannot justify the pay – asmuch as they don’t want to lose the employee outright. Here’s what the survey had to say…

WASHINGTON, D.C. — U.S. underemployment, as measured by Gallup without seasonal adjustment, improved to 18.3% at the end of September from 18.5% at the end of August, as a decline in unemployment more than offset a slight increase in part-time workers seeking full-time employment. At the same time, the percentage of workers working full time for an employer decreased slightly to 64.9% from 65.3% at the end of August.

Source: U.S. Underemployment Declines Slightly in September (Gallup)

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