Total employment is still off about 3.7 million jobs from the peak in 2007, and up about 5 million total jobs (full and part time) from the bottom in 2009. Let's zoom in on the part time jobs.
We are up about 2.6 million part time jobs from the total employment peak in 2007, but we are up about 4.3 million part time jobs for economic reasons. The largest employment growth segment over the last 5 years is part time for economic reasons. If the economy had not replaced so many full time jobs with part time jobs, we would also be down 1.7 million part time jobs (new part time jobs - new part time for economic reasons).
Disclaimer: part time economic blogger for non-economic reasons
No comments:
Post a Comment