🚨 URGENT NEWS: Warning Signs from the U. S. Employment Sector.
The employment landscape in the U. S. is displaying alarming signals as the number of full-time positions continues to decrease.
In October and November, close to 1 million full-time positions were lost (-983,000), resulting in a total of 134.2 million, the lowest figure observed in nearly three years.
Currently, merely 78.2% of the workforce holds full-time jobs, which is the lowest figure recorded since the middle of 2021. Since the high point in June 2023, this proportion has seen a decline of 2.5 percentage points, outpacing the drop experienced during the recession in 2001 (-2.2 points).
Concurrently, part-time employment is increasing rapidly. In just the past two months, 1 million part-time positions were created, raising the total to 29.5 million, a record high.
This pattern indicates a distinct transition from secure, full-time employment to more precarious and temporary job arrangements.