Nearly 20% of US Workers Underemployed in Jan - Sacramento

Mortgage and Lending with American Financial Network MLO 189572

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Looks like unemployment continues to increase.  I think it will be a slow process and the road to recovery will start with getting TRUE unemployment figures well below 10%.  Currently with 20% out of work, it puts about 30 million Americans that are out of work.  This Gallup survey is based on a sample size of 20,000 US adults between Jan1 - 31 so I think the sample size is somewhat small.  However, I would see this figure as accurate from personal observation. 

The poll comes at a time when voter anger over the slow economic recovery is running high and President Barack Obama's hopes of boosting employment through government programs have been frustrated by partisan rancor in Congress.

 Gallup found that underemployed Americans were more likely to have a favorable view of Obama, with 55 percent approving of his performance as president against 49 percent of the public.

The poll's estimate of U.S. underemployment is higher than official statistics. The Labor Department says 16.5 percent of American workers were without employment or worked part-time for economic reasons in January against Gallup's 19.9 percent.

A Labor Department official said the government rate may be lower because it factors out temporary seasonal changes in employment to better reflect the underlying economy.


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Comments (3)

Richard Strahm
American Foursquare Realty - Lansdale, PA
Lansdale and North Penn Real Estate

I wonder how they really measure underemployment.  I sure know I wish I had more clients, work and closings right now!

Feb 23, 2010 08:08 AM
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA


I'm really looking forward to the 2010 US Census results. The Census seems remarkably thorough and unbiased source of data.


Feb 23, 2010 12:06 PM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Another problem with underemployment is that most people who work part time have not company health insurance. The public option would really be useful for them.

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Mar 16, 2010 06:44 AM