Unprecedented number of Americans underemployed

A better measure of how hard it is to find a job? People who take on a part time job are unable to keep getting unemployment insurance benefits. The people who take part time jobs and who would rather have a full time job are ones who really want to work more, but can not. From the Business Insider:

While the number of unemployed workers has held steady at around 14 million in recent months, another telling measure of frustration in the labor market—the number of underemployed individuals—rose for a third consecutive month in September, by almost a half of a million people.
Almost 9.3 million Americans are considered underemployed, defined by the Bureau of Labor Statistics as working part-time for economic reasons, such as unfavorable business conditions or seasonal declines in demand.
That's up from just over 8 million in July, but down from a peak of about 9.5 million in September 2010. In addition, about 2.5 million individuals are considered "marginally attached to the labor force," meaning they were not in the labor force, wanted and were available for work, and looked for a job sometime in the prior 12 months. (They are not counted as unemployed because they had not looked for a job in the past four weeks prior to the survey.)
Put together, almost 26 million Americans are either unemployed, marginally attached to the labor force, or involuntarily working part-time—a number experts say is unprecedented. . . .

Eight of the "15 stunning statistics" on unemployment and the job market:

1. 9.1 percent. Today's unemployment rate is the highest it has been since 1982.
2. 131.1 million. The total number of jobs held by Americans in August. In January 2000, total nonfarm employment stood at 130.8 million. That means that over the past decade or so, less than 400,000 jobs have been added overall. At the same time, the eligible work-age population (those older than age 16, who are not in the military or prison) has grown by 28 million.
3. 58 percent. That's the number of workers currently employed as a percentage of the work-age population. In December 2007, it was 63 percent. "Particularly in an economy where multiple-earner households are an important element, that drop of about 5 percentage points equates to several million people who want jobs, who would like to have jobs, but for whom there are no jobs available," says Patrick O'Keefe, director of economic research at accounting firm J.H. Cohn and former deputy assistant secretary in the U.S. Department of Labor.
4. 11.5 million. Currently, there are 11.5 million fewer job holders than there were in 2007 before the recession began. "That's the true depth of our jobs deficit," O'Keefe says.
5. 6 million. That's how many workers have been out of work for at least six months and have looked for a job within the last 30 days. They are called the "long-term unemployed." This group accounts for 43 percent of the total number of unemployed. "That's the most striking statistic," says Stacey Schreft, director of investment strategy for the Mutual Fund Store, an investment firm in Overland Park, Kan. "Even though we have unemployment rates that were comparable to the '81-'83 recession, we didn't have long-term unemployment anywhere close to this."
6. 40 weeks. The average duration of unemployment is almost a full year.
7. 16.7 percent. The unemployment crisis has affected races differently. This is the unemployment rate for blacks. Compare that with 11.3 percent for Hispanics and 8 percent for whites.
8. 25.4 percent. Young people have also been hard-hit. About a quarter of teenagers are unemployed. In comparison, the unemployment rate for adult men is 8.9 percent, and for adult women, it's 8.0 percent. . . .

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