Surely I am not the only one. I am now approaching 8 months being unable to secure another job in my industry. I had an interview scheduled recently, just to be canceled by the employer due to hiring freezes at the company. I am growing more hopeless.
Underemployment is when you have a degree or are highly skilled, yet you are stuck working low-end, menial, or entry jobs that are well below your skills or capabilities. Examples being a surgeon having to pick up a job as a convenience store clerk because he cannot get a job in his field. Or a well renound software engineer having to stock shelves at the grocery store. Or a nurse flipping burgers at a fast food joint.
Unemployment is obvious. You just don't have a job, period.