Job Stats Fail to Uncover Underemployed College Grads

The government lacks complete data on the underemployed
Illustration by 731

Federal Reserve policymakers are missing important information as they assess the health of the labor market: data that might answer whether those employed full-time are overqualified for their jobs or would like to work more hours. As a result, the slack in the labor market that Fed officials on Oct. 29 said is “gradually diminishing” is probably still greater than estimated.

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