Monday, September 13, 2010

Underemployment Affects 9 Million Americans


Beyond the 15 million Americans who have no jobs at all, millions more are caught in part-time or limited jobs that don't pay them enough to maintain their standards of living.

Economists have a technical term for these people: underemployed.But there's nothing technical about it for David Linehan of Quincy, Mass., who lost his job as an analyst for an energy-trading firm during the recession, along with his $30,000 salary and benefits.

The 43-year-old now tries to get by on less than one-third that amount as a driver for a rental car company. His new employer limits his work to less than 30 hours a week because any more would make him eligible for company-provided health insurance.

"I'm so sick of news about the recovery," said Linehan, who has some college and technical-school training.

The latest Labor Department report shows there are nearly 9 million people such as Linehan who want full-time jobs but can't find them. In some cases, their formerly full-time employers have reduced their hours because of a lack of business.

www.lansingstatejournal.com/article/20100912/NEWS03/9120501/For-many-working-just-isn-t-enough

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