The number of part-time jobs has increased dramatically in the U.S. since June while the number of full-time jobs in that same time frame has taken a hit, signaling a concerning trend in the job market toward part-time workers, according to the Bureau of Labor Statistics.
Since June, the total number of workers in full-time jobs, defined as jobs working more than 35 hours per week, has declined by 670,000, while the number of part-time workers has risen by over a million, according to August employment data from the BLS. The job numbers for August continued to show a cooling labor market, with the U.S. adding 187,000 nonfarm payroll jobs in August while the unemployment rate shot up to 3.8% from 3.5% in July. (RELATED: As More Countries Link Arms With China, Is US Dollar Dominance Truly At Risk?)
“This is very concerning because employers tend to shift away from full-time jobs and…
