Here is the Wall Street Journal commenting yet again on the economy:
As the holidays approach and America’s full-time workers feel pinched by inflation, some are turning to second jobs to supplement their incomes. The October jobs report shows the number of Americans working part-time jobs in addition to their full-time jobs has increased 6%, year-over-year, to 4.5 million people, according to statistics from the Labor Department.
Nearly three-quarters of workers said they need additional work to make enough income due to inflation, according to an October survey of more than 1,700 U.S.-based employees by job search website Monster.com. A separate survey of more than 4,700 people conducted by Prudential Financial Inc. found 81% of Gen-Z and 77% of millennial workers said they have pursued gig work or are considering additional side work this year to supplement their income.
Part-time work increased 6% in October! Let's take a look at that:
First off, the number of people taking part-time jobs increased 8% in June, 10% in July, 10% again in August, and 10% yet again in September. The 6% increase in October is, if anything, an indication that the number of people looking for side hustles is easing.
And then there's this:
The number of people with multiple jobs is going up, as it always does during economic expansions, but is still well below its pre-pandemic trendline.
Why does the Journal do this? They are constantly either misrepresenting statistics or else not bothering to present them at all, relying instead on idiotic surveys from the likes of Monster.com that mean nothing at all. In what world of honest journalism do you write that the number of workers with multiple jobs has gone up 6% without (a) noting that this is below the recent average (b) the previous three months were all at 10%, and (c) we're still way below our pre-pandemic level?
Or they could have put up a chart. They have a whole department for that. But that would have given the game away instantly.
Everyone at the Journal who touched this article knew this. Everyone. The article is worded too carefully to draw any other conclusion.¹ But by god, they wanted a trend piece, so they got it. And if they had to do it by deliberately misleading their readers, so be it. Disgraceful.
¹There is never any flat statement that the number of part-time workers is at a record level, or even that it's up from normal. Merely a carefully curated set of statistics designed to give a strong implication. Take it from me, that doesn't happen by accident.