All posts tagged: microentrepreneurship

The Upside to the Down Economy

  More bad news hit the US economy last Friday. First, we learned that employers added hardly any jobs, which is startling evidence that the highly anticipated economy recovery is stumbling.  And second, a survey of US households showed that more people were actively looking for work. As a result, the unemployment rate rose to 9.2% in June.   Not good! But, while the focus is often on the unemployment rate, “underemployment” is a significant concern as well. The economic downturn and the downsizing it triggered have created a virtual epidemic of underemployment. Underemployment can be defined a couple of ways: 1) having to work multiple jobs to make ends meet, and/ or 2) working a job that is considerably below your education or skill level. According to a recent Gallup survey, nearly 1 in 5 working Americans describe themselves as underemployed. The underemployment epidemic has spared no one – tenured professionals, Ivy League grads, budding entrepreneurs, etc.   As to be expected, the underemployed are looking for ways, any way really, to make ends …