NC State Economist Dr. Mike Walden – “Have Full-Time Jobs Returned?”

 

Mary:  I’m Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program asks if full-time jobs have returned.  Mike, among the many economic issues associated with the Great Recession was the rise of part-time work and the decline of full-time jobs.  Now that the economy has been growing for seven years, has that trend reversed?

Mike:  Summary Answer

  1. It has: the number of people who say they are working part-time but would really prefer full-time work has steadily declined
  2. However, still not back to pre-recessionary levels
  3. But another shift may be going on – despite fact that it is often more costly per worker to hire full-time rather than part-time, so businesses are doing so
  4. Reason – they say full-time workers are often more reliable
  5. Also say they stay longer, so costs of recruiting new workers are lower
  6. If more businesses come to this conclusion, we may buck the trend that many predicted – that we would become an economy of part-time workers
  7. I’m MW

Mary:  And I’m Mary Walden for the North Carolina Cooperative Extension Service


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