Underemployment, where people are in employment but want to work more hours, reached a record high in the first half of 2013. This means that there is more slack in the labour market than the unemployment rate suggests and implies that wages will recover more slowly than in past recoveries.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services