0 a situation in which someone or something is not used as much as they should be: --
1 the fact of not having enough work to do, only working part time, or of having a job that does not use all your skills: --
Unemployment and underemployment are close to 50% in Nicaragua.
The fact that not all potential labourers were employed continuously, because of seasonal unemployment or underemployment, will be left aside here because of lack of information on this point.
Likewise, labour market policies in almost every welfare state are (at least partly) judged by how well they manage to avoid involuntary underemployment, most notably unemployment.
Under such rigidities, unforecasted negative demand shocks create underemployment of resources and, it was thought, government can successfully fight such underemployment by adequate demand stimulation (and conversely for positive shocks).
A large part of the problem was seen to be the high levels of un- or underemployment.
This population increase will obviously strain the resources of the island where unemployment, or underemployment, is common and where many schools are already grossly overcrowded.
The author found delayed entry into the workforce and underemployment resulted in lifetime earnings that were $275,000 (1970 dollars) below that for hearing persons.
Empirically, the market for unskilled labor has frequently been characterized by considerable unemployment and underemployment.
This outcome is even more likely once we allow for the possibility of underemployment.
