Monday, February 22, 2016

THE PART-TIME JOB MYTH - 2016

A recent article by Vanguard once again disputes the myth that most jobs that are created are part-time.*

Between 2008 and early 2010, 11 million full-time jobs were lost in the U.S. economy. Nearly six years after the end of the global financial crisis, part-time workers still make up 18.5% of the labor market, above the prerecession level of 17%.
Nevertheless, claims that job growth since the recession has been fueled by part-time work are off-base. Official labor statistics indicate that nearly all net jobs created since early 2010 can be classified as full-time positions.

(Click on figure to enlarge)

* https://personal.vanguard.com/us/insights/article/gmm-us-labor-market-062015

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