09 February, 2014

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs - Derek Thompson - The Atlantic

The Spectacular Myth of Obama's Part-Time America—in 5 Graphs - Derek Thompson - The Atlantic: Okay, now here's something: Part-time work, as a share of the economy, is historically high. But these graphs don't make the point that Obama, or long-term global economic trends, are driving the rise in non-voluntary part-time work. Instead, the rise of part-time work seem to be 100 percent the creation of economic downturns. That's why it seems to be holding hands with unemployment, riding the roller coaster up during recessions, and down during recoveries.

But what about part-time employment for non-economic reasons?



The story here is short and sweet: There is no story here. The share of Americans working part-time for personal reasons—they're in school; they're raising kids; they're ill—is flat and trending down, according to the San Francisco Fed.