Part time jobs market boosted by US Furlough
Fed workers put on furloughs have been busy taking part time jobs. The numbers working part time, but would prefer full time employment, more than tripled in the past year.
Last month 199k workers were taking part time jobs compared to 55k the previous year.
Full story, un-gated for once, form the WSJ here.
The number of people in part time jobs continues to increase rapidly both in the states and the UK. It’s good in terms of jobs being available but not if things take a turn for the worse. A downturn will see a marked number back in unemployed status.