The latest July Labor Force Survey shows that 7,104,00 workers (15.9%) consider themselves “underemployed” – meaning that they either need more hours in their current job, a new job with more working hours, or an additional job to supplement their income.
This figure is higher than the 12.0% in June 2023 and the 13.8% in the same period last year. In fact, it’s the highest underemployment rate since November 2021, when it reached 16.6%.
More jobs and a higher minimum wage, too much to ask?