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Rise of the Full-Time Job - 11/23/15

The recently released jobs report for October indicates that the number of Americans with full time jobs has at last stabilized above where it was prior to the recession.  As reported in the Wall Street Journal, more than one hundred and twenty two Americans were employed in full-time positions at the end of October. 

That’s a bit above the one hundred and twenty one point six million full time workers associated with December of two thousand and seven when the recession officially began.  Though many people remain concerned by the quality of jobs being added by the U.S. economy, data indicate that nearly all of the net increase in jobs since June two thousand and nine, when the recession officially ended, has come from full-time as opposed to part-time positions. 

Through October, there were nearly nine million more full-time jobs than existed when the recession ended, while the number of part-time jobs is actually down by roughly three hundred thousand.   While the common perception that the nation has been adding many part-time jobs was true during the first two and a half years of the recovery, that hasn’t been as true for the last four years.

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.