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Underemployment equilibrium
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==Data== The Bureau of Labor Statistics calculates monthly the “Underemployment Rate” starting from January, 1948. The underemployment rate has a cyclical trend and is generally higher during recession periods. Similar to the unemployment rate, the underemployment rate varies for different subgroups of the labor force. For example, individuals with Ph.Ds enjoy low underemployment rate while individuals with high school diploma or lower usually suffer from a high underemployment rate.[9]
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