There was a story on unemployment today that was good for a lot of people. They reported that one in four families in the U.S. is out of work or underemployed, and a full 10 million people just filed for unemployment. The unemployment rate is at 9.9% for this time of year, which is a great number once again.
This is a big day for so many people. In the past, the unemployment rate has been the lowest it’s been in over a decade, and the last time the figures were this high was in 2003, just before the recession. The number of people that are out of work or underemployed has been declining since 2006, but this is a big number and a lot to celebrate.
Another sign that the recession is officially over is that people aren’t so worried about layoffs anymore. The unemployment rate has declined since the recession ended, and the number of people who are out of work or underemployed has been decreasing for just as long. We all know that the economy is still in a recession, but a lot of people that are suffering from the recession are not worried about layoffs.
The unemployment rate of course does not include people who are working part-time or in part-time jobs, and the number of people working part-time jobs has been on the rise since the recession ended. That explains more than half of all the job growth since 2006, and more than a third of all the job growth since 1999.
Today, the number of people employed was estimated to be 2.5 million. That’s one-fifth of the whole country. To put it into perspective, it’s less than one-third of the country’s population. That’s not to say that the unemployment rate is now higher than it was in the 1970s, but the trend is still upwards.
People who work full-time jobs are less likely to be employed. But the increase in part-time work is not the only major trend. That’s because part-time jobs are so many less desirable than full-time ones. Here’s why: part-time jobs tend to pay less and can be more unstable and less stable. Also, part-time jobs tend to be temporary, usually for less than six months.
Part-time work is often more unstable, less stable, and less stable than full-time work. Part-time work is less likely to be permanent, and it’s more likely to go awry or to fail.
The part-time workers that make up our economy are less secure and stable than full-time workers. Full-time workers tend to have higher salaries, pensions, and benefits. Part-time workers tend to have less money, less security, and less stability. Part-time workers are less likely to be permanent, with less security and less stability.
That’s why unemployment is the #1 cause of poverty on the streets in America. Because part-time workers are more vulnerable to unemployment than full-time workers, they’re more likely to end up as “economists.” They may be able to get a job in the economy’s new sectors, but they’ll need the skills to do that.
The only difference between a partial-time worker and a full-time worker is that they can get and keep a job, whereas a full-time worker cannt.