An Unprecedented 26 Million Americans Are Now Underemployed

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Ben Baden
Business Insider
Thursday, October 20, 2011

While the number of unemployed workers has held steady at around 14 million in recent months, another telling measure of frustration in the labor market—the number of underemployed individuals—rose for a third consecutive month in September, by almost a half of a million people.

Almost 9.3 million Americans are considered underemployed, defined by the Bureau of Labor Statistics as working part-time for economic reasons, such as unfavorable business conditions or seasonal declines in demand.

That’s up from just over 8 million in July, but down from a peak of about 9.5 million in September 2010. In addition, about 2.5 million individuals are considered “marginally attached to the labor force,” meaning they were not in the labor force, wanted and were available for work, and looked for a job sometime in the prior 12 months. (They are not counted as unemployed because they had not looked for a job in the past four weeks prior to the survey.)

Put together, almost 26 million Americans are either unemployed, marginally attached to the labor force, or involuntarily working part-time—a number experts say is unprecedented.

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One Response to “An Unprecedented 26 Million Americans Are Now Underemployed”

  1. It is real simple,

    without a manufacturing base to employ the average or less than average worker, we have nothing to offer the ordinary people. It was knowingly given away to corporate greed so that stockholders everyone else in the money game make as much as possible chasing cheap labor and no regulation aside from a cash payout to the local warlord. No EPA, no workers comp, no paid holidays, no insurance, ect. ect. ect.

    Today, people look around at the new “normal” labor market and say: Duh, wut happin?

    We, as a nation have been cast aside for corporate profit, never mind the idea of giving back to the country that made you rich by keeping the money and jobs here at home. Even patriotoctic feelings have givin way to the profit margin whore in almost every single bussiness in america.

    Long standing american names now produce “american” products overseas, like hershey- chocolate’s of mexico, or budwiser of germany. It is pathetic, and the greedy money chasing whores in charge will pay with blood for selling out their country, as all traitors should.

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