Rising Underemployment Forecast 2013
When President Obama took office in January 2009, the unemployment rate was 7.8%. The following month, it cracked eight percent, where it stayed until September 2012, when it dipped to 7.8%. In October, it climbed up to 7.9%.12
Unfortunately, this single indicator does not provide a clear outlook on job creation. The “real” underemployment rate—that is, people who have given up looking for work and people who have part-time jobs but who want full-time jobs—sits unchanged at 14.7%.
But even that number is misleading, or at the very least, skewed. In 2012, California—the most populous state in America, with 36.7 million inhabitants—had the highest underemployment rate of 20.3%.
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