In the Americas broadly (the U.S., Canada, and Mexico) 52 percent of the workforce is employed full time by a single employer, 10 percent are unemployed, and 24 percent are underemployed. In Europe, 56 percent are employed full time, nine percent are unemployed, and 20 percent are underemployed. Workers have the most precarious situation in Africa, where only 19 percent are employed full time for an employer. Interestingly, but perhaps not surprisingly, the countries that comprised the former Soviet Union have the highest percentage of their workers working full time for an employer.
Gallup's analysis finds a close association between economic development (measured as GDP per capita) and full time work, a negative relationship between economic development and underemployment, but no relationship between economic development and the rate of unemployment.
Unemployment remains a persistent problem in the U.S. and other advanced nations, but perhaps a closer consideration of full time work and underemployment will yield another, even more useful set of insights.
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