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Definition:

Hidden Unemployment

Even with the "out of the labor force" category, there are still some people who are mislabeled in the categorization of employed, unemployed, or out of the labor force. There are some people who have only part-time or temporary jobs, and they are looking for full-time and permanent employment that are counted as employed, although they are not employed in the way they would like or need to be. Additionally, there are individuals who are underemployed. This includes those who are trained or skilled for one type or level of work but are working in a lower-paying job or one that does not utilize their skills. For example, we would consider an individual with a college degree in finance who is working as a sales clerk underemployed. They are, however, also counted in the employed group. All of these individuals fall under the umbrella of the term "hidden unemployment." Discouraged workers, those who have stopped looking for employment and, hence, are no longer counted in the unemployed also fall into this group

Question:

1. Produce an example that demonstrates a worker who is a part of hidden unemployment, or whose current employment status does not represent the state of the economy that is being portrayed by the unemployment rate.
2. Using the framework of the unemployment rate, contrast what is going on in the economy compared to what the numbers are telling us.