Looking for Work: 1 in 9 Americans Underemployed

The unemployment rate makes headlines, but economic analyst says look elsewhere.

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Never mind the nation's unemployment—it's the U.S. underemployment rate that should be concerning us, reports Nooshin Mahalia, an economic analyst at the Economic Policy Institute.

The underemployment rate includes the unemployed who are looking for work, along with part-timers who want to be full-timers and the unemployed who want to work but aren't active job seekers.

Mahalia reports the underemployment rate is now at a 14-year high of 11 percent. "The fact that one out of every nine U.S. workers is now either unemployed or underemployed is clear evidence of the need for a second stimulus package targeted at job creation," she writes in a Snapshot analysis at Epi.org.