Mark Price, a labor economist with Pennsylvania’s Keystone Research Center, lists the ingredients for what he terms “the most liberal definition of unemployment”: people who are unemployed and looking for work, people who want jobs but have given up looking for one, and people who have taken part-time jobs because they can’t find full-time work.
These measurements provide the broadest measure of labor underutilization, according to Price.
Last month, 9.2 percent of the workforce fell into one of these three categories.
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