Well I can definitely say I'm under-employed. I originally interviewed for a higher tier job but didn't get it so they asked if I would take a tier 1 job. So, being that I was broke and had been unemployed for almost 8 months I jumped on it. In a way it's very demeaning and drives self-esteem into the ground. I'm currently learning absolutely nothing that would help me advance with my current company; a blind monkey could do my job. The only positives I can get from it are the benefits and that I am filling a work history gap. At 34 years old my time is running out to find a definite career.
Because Europe is the defining point of employment and economy right now. Granted I would take any job, any where in Europe. I hate living so damn far away from everything except Middle Earth.
I was in this situation last year man, even if things get really really low don't give up. Just grind through indeed.com and anything you can think of and you will get something.