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As Labor Market Advances, Millions Stuck In Part-Time Jobs
Treading water in July is really fun — if you happen to be in a swimming pool.
But if you find yourself stuck in the part-time labor pool, drifting is disappointing.
On Friday, the Labor Department reported that while employers hired 209,000 workers in July, the growth rate was not strong enough to push part-timers forward.
The monthly jobs report showed payrolls grew by more than 200,000 for the sixth straight month, the longest stretch of such growth since 1997.
But the troubled part-time labor force remained roughly unchanged in July, with 7.5 million people still getting less than 40 hours of work per week, even though they are seeking full-time paychecks.