Definition of Underemployment:
A workforce condition whereby employees are being utilized at less than full capacity. In this scenario, a company is typically not generating adequate business to keep workers occupied at full-time wages or at appropriate skill levels.
Underemployment is calculated by dividing the number of underemployed individuals with the total number of workers in a labor force.
Lack of paid work or work that makes full use of skills and abilities.
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. People who are classified as underemployed include those workers who are highly skilled but working in low paying or low skill jobs, and part-time workers who would prefer to be full-time. This is different from unemployment in that the person is working but not at their full capability.
How to use Underemployment in a sentence?
- Underemployment can be caused by a variety of factors, from economic recessions to business cycles.
- 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.
- Visible underemployment and invisible underemployment are types of underemployment.
- It refers to a situation in which individuals are forced to work in low paying or low skill jobs.
Meaning of Underemployment & Underemployment Definition