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.
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.
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.
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