The Homa Files

MarketWatch had a piece scolding folks who are saying that we’re becoming a part-time economy.

The essence of their argument:

1) Employment data is noisy and June was a blip

2) Since the bottom of the recession, FT jobs have been increasing fater than part-time jobs

Hmmm.

Let’s dig a little deeper …

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Since the beginning of the recession, about 4 million part-time jobs have been added

… 3 million during the the recession and another 1 million since the end.

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Since the beginning of the recession, about 6 million full-time jobs have been lost

… 11 million during the the recession offset by a 5 million gain since the end.

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MarketWatch did a clever job selecting its time frame to “prove” its point.

Looks to me like the economy has remixed towards part-time jobs.

Only open question is whether the trend continues …

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This entry was posted on July 25, 2013 at 6:53 am and is filed under Employment - Jobs, Part-time workers, Unemployment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.