Underemployment - Highest in 14 years

In a bad job market, the number of unemployed is just one important statistic. Another one is the underemployment rate, and right now it's higher than it's been in 14 years – 11 percent.

"The growing number of underemployed workers is painting a grim picture of the difficulties jobseekers are facing," the Economic Policy Institute says in its weekly economic snapshot. "Underemployment is a more comprehensive measure of labor market slack than headline-grabbing unemployment rates because it also includes part-time workers who want full-time jobs." Jobless workers who want a job but have temporarily given up on finding one are also counted as underemployed.

The full snapshot and other economic news for working families is available at www.epi.org.