Underemployment (ah, I looked it up…it’s when people are employed for less than regular hours, not full-time) contributes to the overall pinch a country or state may feel when added to unemployment. (unemployment being no job at all. “disguised” would mean they work a bit though are called unemployed and might as well be)

To see a true picture of this happening in a country, try this link:

http://www.consulmexny.org/

for info on government, economy, etc. in Mexico

Disguised unemployment (I take it you mean unemployment and not “umemployment”) is when your are taking in money and not recording or keeping record nor is anyone else, so the IRS and the state department of employment doesn’t reduce or eliminate your unemployment benefits.

Unemployment means that these is no job for you available. Disguised unemployment means that you are employed but still declare yourself as unemployed and wait for a suitable placement.

Disguised unemployment exists when someone cannot secure a job using his training and accepts a position to bring in income while still holding himself out as unemployed.