Underemployment Examined in SW Missouri

The provision of labor market information is one of the many business services available to employers through the local workforce system in Southwest Missouri.  Oftentimes businesses are in search of wage information in an effort to remain competitive and ensure their recruiting is effective. The Workforce Investment Board is able to provide detailed and timely data on both entry-level and experienced wages, as well as a variety of other elements by municipality, county, drive-times, and more.

The unemployment rate is often a topic of discussion, especially with such low levels in recent years. Less often discussed is underemployment, which can mean different things to different people.

The underemployed can refer to those who are in need or in search of additional employment, to those who are employed at less than full-time status, and to degreed individuals who are employed in non-degree positions. The underemployment data below is specific to the latter, examining college graduates aged 22-65 working in jobs that don’t require a college degree as of the 4th quarter of 2018.

Across all occupations, 7.2% of the jobs in Southwest Missouri are held by graduates working in non-degree positions. Those with the highest percentages of underemployed include Protective Service (17.8%); Arts, Entertainment, & Media (16.3%); Office/Administrative Support (13.2%); and Sales (12.6%) occupations. Those with the lowest underemployment include Education, Training, & Library (2.3%); Construction & Extraction (3.4%); Farming, Fishing, & Forestry (3.9%); and Maintenance (4.0%) occupations.

For more information, contact Frank Neely at frank@sectorready.org.

Source: JobsEQ®