Many people work multiple hourly, part-time jobs but still can’t afford their full-time bills. While these employees are hardworking, they often struggle financially because of unstable hours and low hourly wages. This group of people falls into the category of the underemployed. According to the Bureau of Labor Statistics, 8% of all American workers, hourly and otherwise, are currently underemployed.
Underemployment is often defined as when workers don’t use their skills or education advantageously in their job or when an employee is working fewer hours than typical in the field. The current rate of unemployment is 3.8%, but this declining statistic may correlate with a growth in underemployment, which can also leave a negative influence on the workforce.