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
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.
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.
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 …