Today's Date: June 6, 2023
Zura Bio Completes Approximately $80 Million Financing with the Focus on Advancing ZB-106, a Potential First-in-class Anti-IL-17   •   Hard Rock Hotel New York introduces experiences for guests to "Love Out Loud" this June   •   Los Angeles Public Library to Host Inaugural Juneteenth Celebration "June Jubilee: A Celebration of Black Excellence"   •   LAZR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Luminar Technologies, Inc. Investors with Substantia   •   NEE INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that NextEra Energy, Inc. Investors with Substantial Losse   •   Hyundai Canada's Don Romano honoured with WXN 2023 Canadian Equity, Diversity and Inclusion (CEDI) Award   •   Government of Canada Supports Projects to Prevent and Address Family Violence in British Columbia   •   **MEDIA ALERT** Square and Celebs Celebrate Black and Latino Entrepreneurs in Miami   •   Transgene and NEC Present New Data on TG4050, an Individualized Cancer Vaccine, Showing it Induces Specific Immune Responses aga   •   Children's Hospital of Philadelphia Celebrates 27th Annual Fetal Surgery Family Reunion at the Philadelphia Zoo   •   FIBRA Prologis Receives Investment Grade Credit Rating of BBB+ from S&P   •   80-20 Educational Foundation Calls for Fair Coverage of Asian Americans in Supreme Court Case   •   AHF Demands LA County Step Up to Stem STIs   •   On Lok Partners with San Francisco Health Plan to provide Enhanced Care Management to Eligible Medi-Cal Enrollees   •   HH Global aligned to the Net Zero Standard   •   The Jeff T. Green Family Foundation Invests in Team Dayā, to Build a Primary School in Nicaragua   •   FNKO INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Funko, Inc. Investors with Substantial Losses Have O   •   Nation's Finest Marks 50th Anniversary with Milestone Event Honoring the Nation's Finest 50 Leaders Who Have Gone Above and Beyo   •   Carbios Aims to be a Leader in Growing r-PET Market with an Ambition to Capture 8 to 12% Share by 2035 Through Licensing Model   •   OSE Immunotherapeutics Presents Clinical Abstracts on Tedopi® at the ASCO 2023 Annual Meeting
Bookmark and Share

Women Carry Weight Of Under-Employment Trend

 PRINCETON, NJ -- Underemployment, as measured by Gallup, is 18.3% in mid-August, essentially unchanged since the end of June. Underemployment peaked at 20.4% in April but has not been able to break below its current level this year.

Gallup's underemployment measure estimates the percentages of American workers who are either unemployed or working part time but wanting full-time work. It is based on more than 15,000 phone interviews with U.S. adults aged 18 and older in the workforce, collected over a 30-day period and reported daily and weekly. Gallup's results are not seasonally adjusted and tend to be a precursor of government reports by approximately two weeks.

Unemployment Up; Part-Time Employees Wanting Full-Time Work Down

The percentage of employees working part time but wanting full-time work declined slightly in mid-August to 9.2% from 9.5% at the end of July -- returning to its late June and mid-July level. This drop was largely offset by a slight uptick to 9.1% in the unemployment rate component of Gallup's underemployment measure.

Among subgroups in the U.S. workforce, Gallup finds:

  • A higher percentage of women than of men are underemployed.
  • Americans aged 18 to 29 continue to have the highest underemployment rate of any age group, at 27.6% in mid-August, including 11.9% unemployed and 15.7% employed part time but wanting full-time work.
  • Workers without any college education remain more likely to be underemployed than do those with higher education levels.

 

Job Hope Hits New 2010 High

Forty-five percent of underemployed Americans are "hopeful" in mid-August that they will be able to find a job in the next four weeks -- the highest level of 2010.

 

Job Market Conditions Affect More Than the Underemployed

It is encouraging that more of the underemployed are "hopeful" of finding a job now than has been true at any other time this year -- and something job hunters should keep in mind in this difficult job market. Additionally, Gallup's Job Creation Index shows that some employers are continuing to hire, although their hiring appears to be having little impact on overall underemployment this summer. To some degree, these new job gains are being offset by job losses. Further, this is the season for hiring, meaning more jobs may be available than the seasonally adjusted economic data reported by the government might imply.

Regardless, Gallup data also show that today's dismal job market conditions are having a major psychological impact on Americans who are currently employed -- not just the 18.3% underemployed.

  • 26% of employed Americans are worried about being laid off
  • 26% are worried their wages will be reduced
  • 25% think their hours will be cut, and
  • 39% fear their benefits will be reduced

While these percentages are down slightly from last year's peaks, they probably explain why so many Americans continue to say they are cutting back on their spending. They also show why so many small-business owners are worried about their revenues and cash flows in the months ahead.

Getting Americans back to work is essential, not only to help the underemployed, but also to reduce the job fears of all Americans -- and get the American consumer spending once more.

Gallup Daily tracking will provide continuous monitoring of the jobs situation in the weeks and months ahead.



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News