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Dr. Nodir Adilov
Department of Economics, Department of Management and Marketing
Indiana University – Purdue University Fort Wayne
The way that most people judge how an economy is doing is by the unemployment rate as well as how many jobs have been added to the labor market. In recent years, after the recession in 2008-2009, these numbers have been reported monthly as fast as they can be estimated. Although they may be used to be a quick glance of the general health of the economy, they can be misleading and leave large chunks of data out. Underemployment is often overlooked altogether in the media. Since underemployed people are technically employed to some fashion, they are left out of the official unemployment rate statistics. The purpose of this project is to analyze the labor market conditions in the United States by utilizing both unemployment and underemployment rate data between 1994 and 2014. No data on underemployment were collected prior to 1994. Comparing unemployment rates to those with underemployment factored in can show a different picture of the health of the economy.
Harants, Zachary, "Underemployment" (2014). 2015 IPFW Student Research and Creative Endeavor Symposium. 8.