Economics Unemployment Questions
Involuntary part-time employment refers to a situation where individuals are working part-time hours due to a lack of full-time job opportunities, despite their desire and availability to work full-time. These individuals are considered underemployed as they are unable to secure the desired number of working hours. Involuntary part-time employment often occurs during economic downturns or in industries with high levels of temporary or seasonal work. It can lead to financial instability, reduced income, and limited access to benefits and job security.