Tag Archives: underemployment

THE SWEET SMELL OF UNDEREMPLOYMENT

underemployedBY: Adam Gavriel

If you could go back in time, back to your college days, and switch your degree, would you? This is a question on the mind of some young people in America today.

According to a report from Time.com, nearly 4 out of 10 ‘young people’ are now underemployed. Underemployment refers to those working part-time when they need full-time employment, or those not making a full use of their skills.

This of course is an epidemic in today’s America where the job market isn’t as strong as the talent being pumped out by Universities and Colleges around the nation. Entry-level positions are no longer truly entry-level, in the sense that the require experience in the form of real-work experience, or internships.

From the article:

“From 2000 to 2010, mal-employment (underemployment) rose by 9.3 percentage points for college graduates between the ages of 20 and 24. Nearly 4 out of 10 young people I that group are now underemployed, and humanities and liberal-arts graduates fared the worst as a group.”

As the data continues to show, it’s time to make use of learning as many skills as you can to make yourselves marketable to employers. And as we like to preach here on the blog, time unemployed is not a vacation.

While the article on Time.com focuses mostly on English, and liberal-arts majors, this is an epidemic that is affecting many young Americans today.

Unfortunately with the Government shutdown, the most recent data available is that of August, and no September reporting will happen.

In August, the report showed that 13.7% of Americans fell into the U-6 category of unemployment. U-6 unemployment being; “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.”

As the official unemployment rate continued to fall in recent months, it never paints the full picture of the flaws that are truly hurting America today.

At Crossroads Consulting, though we are geared more towards the executive level as an executive search firm, helping everyone outside (and in) the labor force is our mission. If you’re an entry-level college graduate, we can help you with your resume and your interview skills with a strong focus on what employers today want to see.

If you’re in our target market as an executive, we want to hear from you TODAY. We promise that there are jobs out there, and understand that they can be tough to find. We currently have nearly 50 job openings that we are looking to fill today, and we want to hear from you.

Remember at Crossroads Consulting, we’re putting the ‘human’ back into ‘human resources’

(Photo courtesy of Blog.Latism.org)

UNEMPLOYMENT COMPENSATION

BY: Adam Gavriel

According to an article on CBSnews.com written by Amy Levin-Epstein, 30 percent of the 14 million people who are benefiting off of unemployment have been receiving these benefits for over a year.

If you go on over to CBSnews.com and take a look at the article, you may be able to tell that Amy could be an avid reader of ours here at OutOfOurMind. Levin-Epstein touches on a few points in her article that we have made here. It’s never a bad thing to be reminded though, so we’ll give a brief overview on what Amy talks about, and our own thoughts on the subject.

Continue reading

A MAJOR DECISION

BY: ADAM GAVRIEL

Don’t be fooled by anyone who tells you otherwise, but what you major is in college has an effect on your chances of employment. A study conducted by utSanDiego.com found that art, humanities, or social science majors could all expect an unemployment rate of greater than 8.5% after graduation.

A promising number occurred in the measure of graduates with Education or Health Care majors showing that the unemployment rate was less than 5.5% The educational system is where a lot of money and investment should be put, and the low unemployment rate for those graduating with those degrees shows that jobs are being created in an industry so important to the countries future.

Continue reading

HOW DO YOU THRIVE

BY: Adam Gavriel

New research conducted by a Gallup poll has reported that underemployment has been affecting higher educated Americans more than other demographics. Underemployment differs from unemployment as it has more to do with how the potential workforce in America is being utilized, rather than taking into account who works and who doesn’t.

The reported numbers say that the number has dropped 17% of higher educated American’s who rather their lives as “thriving.” This number is the highest difference in points between % of those surveyed thriving while employed versus thriving while underemployed.

On the other hand, although the difference between “thriving” is greatest between higher educated American’s, those without a college education have a lower percent recorded of thriving. Also noted is the fact that 60% of all employed Americans consider themselves thriving, while 67% of college graduates and 71% of postgraduates consider themselves thriving.

It doesn’t stop there.

Gallup also conducted a survey on age groups, men, women, race, and income.

Men beat woman by 1% (15 to 14) in the difference between thriving while employed and thriving while underemployed.

The demographic of 30-44 year olds take being underemployed the hardest as there is a decrease in 23% of those who believe they are still thriving.

Whites among the other ethnicities have a 16% decrease, the highest among those surveyed.

And possibly the most surprising of them all, those surveyed in the $90,000 + a year income bracket have a 13% decrease in thriving while employed versus underemployed, beating out less than $36K and the $36K-$89,999 salaried classes by 4 percentage points.

Through this study it can be determined that how one views themselves comes all about expectations. College grads and higher educated Americans tend to have higher goals and beliefs in what they should be accomplishing in the workplace at a certain time in their life. When things aren’t going there way it seems to be the higher educated that take it the hardest, maybe realizing that some of their dreams in life aren’t going the way they want it to.

Here on out of our mind we’ve posted many tips and hints in how to help you get that next job and impress your next potential employer.

Crossroads Consulting offers job openings, resume optimization, and interview preparation helpthat can help you get back to where you believe you thrive.

Also make sure to like us on facebook, and follow us on twitter!