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The number of full-time jobs has plummeted since June 2023, with Americans turning to part-time jobs and working multiple jobs to make up the difference as economic factors like high inflation continue to put stress on consumers, according to data from the Bureau of Labor Statistics (BLS). Since June, the number of full-time jobs has declined more than 1.8 million, from 134,787,000 to 132,946,000 as of February, according to the Federal Reserve of St. Louis. In that same time, the number of part-time employees working less than 35 hours per week has risen from 26,248,000 to 27,941,000, an increase of...

While on the surface, the payrolls report, the wage growth and the unemployment rate (which dropped for all the wrong reasons) were disappointing, a quick look inside the underlying data reveals even more troubling trends, such as that in addition to the number of employed workers dropping by 233K according to the household survey, the composition of these jobs raised even more red flags because in May the US lost 367,000 full time jobs offset by the gain of 133,000 part time jobs. Putting this number in context, it was the biggest drop in full-time jobs going back to June...

The most common occupation among American men is driving. But the advent of the driverless car could put lots of cab drivers, truck drivers and limo drivers out of work in the not-so-distant future. Automation may also replace the jobs of many retail salespeople, cashiers, office clerks and food and beverage workers, said Derek Thompson, senior editor of The Atlantic, in an interview with CNN's Fareed Zakaria that will air Sunday. "You look at the fleet of automated technologies, of software that exists right now, and it's rather frightening to me to think about how many jobs can be replaced...

When you're hired for a full-time job, the understanding is that you'll put in at least a 40-hour workweek. The expectation -- especially for salaried employees who don't qualify for overtime -- is that you'll put in more to ensure your projects get done. Or because the boss needs something at the last minute.

Americans who were recipients of means-tested government benefits in 2011 outnumbered year-round full-time workers, according to data released this month by the Census Bureau. They also out-numbered the total population of the Philippines. There were 108,592,000 people in the United States in the fourth quarter of 2011 who were recipients of one or more means-tested government benefit programs, the Census Bureau said in data released this week. Meanwhile, according to the Census Bureau, there were 101,716,000 people who worked full-time year round in 2011. That included both private-sector and government workers. That means there were about 1.07 people getting some...

There is little evidence that employers are sacrificing full-time jobs by hiring more part-timers or reducing existing employee hours because of the costs of providing health coverage under Obamacare. … “We are not seeing any effect in the data,” Jason Furman, chairman of the White House Council of Economic Advisers, told Reuters Insider. Part of the reason may be the White House’s decision to delay the beginning of Obamacare’s so-called “employer mandate” until January 2015. Under the mandate, which was previously due to take effect in January 2014, firms with more than 50 employees must provide reasonable healthcare insurance to...

Are American workers paid enough? That is a topic that is endlessly debated all across this great land of ours. Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account for inflation. Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds very small, but after you account for inflation a very different picture emerges. Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today. And of course the official government...

House Republicans have crunched the numbers and say that since President Obama took office, the economy has added seven times more part-time jobs than it has created full-time jobs. Since January 2009 the country has added a net total of 270,000 full-time jobs, but it has added 1.9 million part-time jobs, according to the House Ways and Means Committee.

Being on vacation last week meant that I missed the jobs report for July, which turned out to be as unremarkable as most of those in the four-plus years of the so-called economic recovery. The media reports I did catch while on the cruise focused mainly on the fact that the jobs added in July missed the expectations of analysts, and not on the fact that adding only 162,000 jobs meant another extension of stagnation, as the US economy needs ~150,000 jobs added each month just to tread water, thanks to population growth. That’s not even a decent maintenance number,...

WASHINGTON (AP) — The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse. A disproportionate number of the added jobs were part-time or low-paying — or both. Part-time work accounted for more than 65 percent of the positions employers added in July. Low-paying retailers, restaurants and bars supplied more than half July's job gain. "You're getting jobs added, but they might not be the best-quality job," says John Canally, an economist with LPL Financial in Boston. So far this year, low-paying industries have provided 61 percent of the nation's job growth,...

PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents’ Home Here are some clips from the fascinating PEW study. In 2012, 36% of the nation’s young adults ages 18 to 31 the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so...