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What is unemployment and underemployment

Sagot :

Answer:

Unemployment means you don't have a job, while underemployment means the job you have is inadequate. Sometimes it is used when talking about people who are working in a lower capacity than one in which they are qualified.

Answer:

Underemployment is a measure of employment and labor utilization in the economy that looks at how well the labor force is being utilized in terms of skills, experience, and availability to work. ... This is different from unemployment in that the person is working but not at their full capability.

Unemployment, according to the OECD, is persons above a specified age not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force.