Tuesday, July 09, 2013

Why Underemployment May Be Worse Than It Looks

Why Underemployment May Be Worse Than It Looks:
"Gallup reports that 17.2 percent of the workforce is underemployed, a startling number compounded by its divergence from the government's count.
....From a broader perspective, the Gallup measure actually has increased from its 15.9 percent multi-year low in October 2012.
The potential significance of the recent trough is that it came a month before the Federal Reserve launched the third round of quantitative easing, the $85 billion a month bond-buying program that is supposed to help the central bank achieve its dual objectives of price stability—and full employment."

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