Involuntary P/T workforce - a leading indicator

Involuntary part-time workers account for "...almost one in three of all part-time workers. Almost all the new involuntary part-time workers were formerly full-time workers accepting cutbacks in hours. Part-time employment invariably rises during recessions, but...the magnitude of the rise in this recession has been unprecedented since records were first kept in the 1950s. It also suggests that the jobs numbers and unemployment rate underestimate the extent to which employers have cut costs by cutting hours and imposing cost-saving measures like furloughs, or temporary leaves of absence."

~Paul Maidment, Forbes.com Video Network

Maidment believes that "when we see the hours of these involuntary part-time workers being restored--and that will happen before new hiring starts--it will be a clear sign of recovery."

View the video and read the transcript

0 members like this