Not to worry about part-time jobs … say, what?

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

 

image

 

Hmmm.

Let’s dig a little deeper …

 

=====
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.

image

=====

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.

 

image

=====

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 …

* * * * *
Follow on Twitter @KenHoma                 >> Latest Posts

One Response to “Not to worry about part-time jobs … say, what?”

  1. deepak gupta Says:

    Its also because of seasonality and part time jobs lags full time jobs.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s