Economics in the Community Context: Underemployment
Author: Gabriella Chiarenza, Federal Reserve Bank of San Francisco
Responses to a recent survey revealed that it has become increasingly difficult for people to find consistent full-time jobs, and that this in turn makes it more difficult for many to pay their bills and save for emergencies and retirement. Recognizing this concern among our community stakeholders around the issue of underemployment and taking note of the larger trend in involuntary part-time employment highlighted by Fed economists, we dug into the facts, the numbers, and the research to find out: Are lower-income households more directly impacted by the recent rise in part-time employment and, if so, why is that happening and what does it mean for LMI communities?
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