With the upcoming presidential election, more than ever people are focused on the government’s unemployment statistics. Last Friday, the Labor Department announced a slight increase in the unemployment rate — from 8.2 percent to 8.3 percent.
Unemployment, however, does not tell the whole story. Using data from the Bureau of Labor Statistics, 24/7 Wall Street calculated an “underemployment rate” and noted the places with the most “underemployed.” That number includes workers who have given up on the job search, search infrequently, or have part-time jobs that barely pay the bills. These people don’t show up in the unemployment stats, but they’re suffering all the same.
So then, which states are the most “underemployed?”
- Rhode Island
- North Carolina
- South Carolina
Article Courtesy of The Huffington Post