Cheaper labor: 77 percent of 2013 jobs were part-time positions

Fully 77 percent of positions added to the market in 2013 have been part-time, in contrast to the positive economic news making the media rounds, according to payroll reports released in recent weeks. 

Only a handful of the positions have been full-time, benefit-providing opportunities, one economic analyst reported on the blog, Zero Hedge.

In June, there were 360,000 part-time jobs added around the nation — but at the same time, the number of reported full-time positions dropped by 240,000. And in July, it was more of the same dire economic news.

Numbers taken from the Household Survey revealed that 266,000 jobs were added in the month of July, but of those, only 92,000 — or 35 percent — were full time.

The remaining 65 percent were part-time, economic analysts found.

The economist also said on Zero Hedge: “But what really shows what is going on in America, at least in 2013, is … of the 953,000 jobs ‘created’ so far in 2013, only 23 percent, or 222,000 were full-time. Part-time jobs? [That was] 731,000,” or 77 percent of the total 953,000.

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
TWT Video Picks