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Disturbingly, over the just-ended quarter, the number working part time for economic reasons, as a percentage of the total number of workers employed, has moved higher on a seasonally adjusted basis. While it is difficult to make direct comparisons as explained above, it seems not unlikely that not only are the jobs that have been created over the first half of 2013 (and particularly Q2) low-wage jobs, but are part-time jobs as well. That may be explainable early in a recovery, but coming at this stage it is concerning. Note, in Figure 2, the quick fall-off in involuntary part-time employment following the two previous recessions in comparison to the stubborn pattern indicated this time around. |
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2020-03-07 06:30:43 |
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