Over at PostEverything.
Key points: Clearly, this economic recovery has evolved too slowly and is still not reaching enough of us. Just as clearly, it is improving, particularly in the job market. I stress both these themes in my recent testimony before the Joint Economic Committee (JEC).
But based on a June spike in the monthly number of part-time workers, too many critics are trying to make the case that we have a structural problem of too much part-time employment–some add that Obamacare is too blame.
Not so. Involuntary part-time work, while still elevated, is down almost 20% over the recovery, while voluntary part-time work is about where it was five years ago. According to White House economists, “88 percent of the jobs added [over the recovery] have been full time, and that number is 99 percent in the last year.”
And there’s nothing wrong, btw, with voluntary part-time work. In fact, as I boldly assert:
There’s nothing wrong, and a lot right, with voluntary part-time work. There’s not even anything wrong with affordable health care coverage allowing involuntary full-time workers to work less and still maintain coverage. That’s unequivocally good!