Report Shows Decline in Underemployed
Another sign the Texas job market is continuing to improve: A report out today shows the number of people underemployed dropped 5 percent in 2011.
Underemployed people are those who have jobs but aren’t getting enough hours. Cheryl Abbot at the U.S. Bureau of Labor Statistics says it’s good news.
“We’d like to see it go down a lot faster than this,” Abbot says. “It is taking longer than I think anyone expected it to take. But Texas is doing very well in terms of creating jobs.”
The number of people who stopped looking for work declined in Texas last year also, according to the report. The percentage of “discouraged workers” fell by 10 percent, making this group about one-tenth the size of the underemployed population.