The faltering U.S. labor market is pushing more Americans into part-time work and other roles they don’t want, and that don’t always pay the bills.
The official unemployment rate in the U.S. remains low at 4.3%. But under the surface, there are deepening signs of struggle for people looking for stable, full-time work in a time when hiring has slowed significantly.
A separate measure of unemployment, which includes people working part-time who would prefer a full-time job and people who are so discouraged they’ve stopped looking for work, is much higher. That rate hit 8.1% in August, its highest in nearly four years.
Part-time job postings LinkedIn have risen by 50% in the past three years, confirmed by internal staff.
Source: WSJ.com