U.S. Outlook: A part-time economy? Not exactly.
There’s been some talk about the quality of jobs being created in this recovery — namely, that most of them are part-time jobs.
For more on this and other economic developments to watch, see higlighhts of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on June 13, 2014.Key observations:
- Part-time employment as a share of total employment has fallen rapidly to 18.7% from peak of 19.5% in July 2013.
- As the recovery gains pace, full-time positions are replacing part-time jobs.
- Quality job creation during this expansion appears to be improving rapidly.