Skip to main content

Underemployment will keep wage pressure subdued

Underemployment, where people are in employment but want to work more hours, reached a record high in the first half of 2013. This means that there is more slack in the labour market than the unemployment rate suggests and implies that wages will recover more slowly than in past recoveries.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.