Wednesday, October 25, 2017

A Striking Labor Market Fact

John Lott points out the following: "So far this yr at that topographic point conduct maintain been 848,000 novel jobs. Of those, 813,000 are business office fourth dimension jobs.... To set it differently, an incredible 96% of the jobs added this yr were part-time jobs."

Update: Here is the CEA accept on this full general topic.  And this is from the San Francisco Fed.  I flora the next nautical chart of interest.

 Part-time job equally a share of amount employment for selected groups

This shows that part-time operate is notably higher than it has been historically for prime-age workers amongst footling instruction (no to a greater extent than than a high schoolhouse degree).  Whether this is only due to a weak task marketplace seat or other to a greater extent than structural changes is an opened upwards question.
Sumber http://gregmankiw.blogspot.com/

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