Part-time work has been steadily decreasing since the end of the Great Recession, but at the end of last year it suddenly started to spike:
I'm not sure what to make of this, if anything.
16 thoughts on “Raw data: Part-time employment”
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It's the gig economy!!!
(not sure if this is snark or not...)
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Looks like the real spammers are back. (Not like the legitimate commenters with dissenting opinions that are labeled "trolls" by some here.)
Maybe more seniors working part time combined with bottoming out with the number of people involuntarily working part time. We both have more seniors, and the end of covid as a thing, making old people more desiring part time work for its social benefits..
Is that seasonally adjusted? If not, it just means Christmas won the war on Christmas.
Scale of the axis / longer time series
My thought as well.
Agreed. The Y axis is extremely misleading.
yup.
The real question is if they want to be doing the work part time or full time. A survey plot of people working part who wish full and people working full who wished only part would be useful here.
Employers not wanting to hire warm bodies on a permanent basis until they're really sure (1) the pandemic is over, (2) the economy isn't going to crater again like right-to-center-leaning economists have been predicting since approximately January 20, 2021 and (3) the prices they've managed to raise everything up to won't fall back down, i.e. the inflation they've inflicted on us is permanent and deflation will not occur.
In many fields, hiring people full-time is the same as hiring them permanently - full timers are seen as more difficult for managers (some of which still have human hearts beating inside their chests) to fire, even in the "right-to-work" states where legally you can replace all your employees every day if you so desire. So companies instead hire tons of part-timers, who the managerial class is more comfortable firing, until they're really really sure they need them to stick around longer, at which point they graciously extend full-time hours to them.
Permanent is not the same as full time, and part time is not the same as temporary.
A solution is hire people initially as temps for a limited time period (three-six months). If you like them hire them as permanent workers.
It's AI. Starting at the end of last year, it both made part time work more lucrative, and started pushing more people out of their current full time work.
😉
Can't find enough full-time workers so you hire more part-time. Also, it's only a half-percent increase, so don't get all that worked up over it.
If you can't find enough full time workers, it's pretty unlikely that there are part timers available either.