unemployment, underemployment or underpaid employment
subemployment in American English
(ˌsʌbemˈplɔimənt)
noun
insufficient employment in the labor force of a country, area, or industry, including unemployment and underemployment
Word origin
[1965–70; sub- + employment]This word is first recorded in the period 1965–70. Other words that entered Englishat around the same time include: T cell, genetic engineering, no-fault, red-eye, wraparoundsub- is a prefix occurring originally in loanwords from Latin (subject; subtract; subvert; subsidy). On this model, sub- is freely attached to elements of any origin and used with the meaning “under,” “below,”“beneath” (subalpine; substratum), “slightly,” “imperfectly,” “nearly” (subcolumnar; subtropical), “secondary,” “subordinate” (subcommittee; subplot)