Pic-of-the-Week: Nearly All New Jobs Being Created are Full-Time (09/15/2014)

NEARLY ALL NET NEW JOBS CREATED IN THE RECOVERY ARE FULL-TIME. Our pic-of-the-week highlights the differing trends in full-time and part-time job creation in the recession and recovery. The U.S. economy has added more than 8 million jobs so far in the job expansion that began in January 2010, and nearly all of the net new jobs are full-time. Part-time employment surged during the recession but has not contributed to job growth in the recovery.

This behavior in part-time employment is unusual in two respects. First part-time employment does not typically surge in recessions as it did in the recent recession. Second, part-time employment historically trends upward and is not doing so in this recovery. Both are indications of a fundamental shift in the way labor is being used in the U.S. economy.

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