Friday, September 06, 2013

A Striking Labor Market Fact

John Lott points out the following: "So far this year there have been 848,000 new jobs. Of those, 813,000 are part time jobs.... To put it differently, an incredible 96% of the jobs added this year were part-time jobs."

Update: Here is the CEA take on this general topic.  And this is from the San Francisco Fed.  I found the following chart of interest.

 Part-time employment as a share of total employment for selected groups

This shows that part-time work is notably higher than it has been historically for prime-age workers with little education (no more than a high school degree).  Whether this is just due to a weak labor market or other more structural changes is an open question.