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It’s no secret that a great deal of the jobs added in the last few years have been part-time jobs. In fact, as noted earlier on TheBlaze, part-time employment was almost entirely responsible for that miraculous dip in unemployment we saw earlier this month.
But here’s something you may not have known: Of the almost five million jobs added since late 2009, almost all of them have gone to part-time workers ages 55 and older.
“[S]tarting since the official NBER end of the recession in June 2009, the US has cumulatively added 2.9 million jobs,” Zero Hedge reports.
“However, when broken down by age cohort, 3.5 million of these jobs have gone to US workers aged between 55 and 69. Another 729K have gone to recent college grads aged 20-24,” the report adds................
Almost All of the Jobs Added Since 2009 Have Gone to Part-Time Workers Ages 55 & Older
.......It’s the unfortunate fate for more than 8 million American workers who are not unemployed but who can’t find a full-time job.
A growing percentage of Americans are falling off the margins when it comes to jobs, as the economic malaise continues to grip the country.
Friday’s jobs report for August showed further deterioration in the employment picture. Even the fact that the unemployment rate fell two-tenths of a point to 8.1 percent is worrisome, due to the fact that nearly 400,000 Americans have thrown in the towel on the prospect of finding any work.
One analyst crunched some numbers that suggested that if the labor force were at same level as it was four years ago, the unemployment rate would be 11.2 percent. ......
Part-time nation 8M & growing: The hidden underworked
Originally posted by TDawgRex
reply to post by snarky412
Retirement doesn’t mean playing golf all day or sipping Margaritas down at the Country Club.
It means living on a fixed income, which most average people do not like. Even sports figures who “retire” often take up second careers.
I think that the object of retirement is to finally and actually enjoy life. Do what you like to do and hopefully pay the bills in the process.
I think that the younger folk have yet to figure that out, though some have.
Originally posted by TDawgRex
reply to post by snarky412
Dead nuts on in my opinion...
You're mirroring my philosophy.
Originally posted by snarky412
Originally posted by TDawgRex
reply to post by snarky412
Dead nuts on in my opinion...
You're mirroring my philosophy.
Good minds think a like......
Originally posted by MichiganSwampBuck
The trend toward hiring all part time workers will get worse after ObamaCare kicks in. If the business keeps the worker's hours below 33 hours (I think), then the business doesn't have to pay for health insurance, the worker has to.
Soon everyone with a job will be part time, doing the job of three people, earning minimum wage, paying higher taxes and getting crappy healthcare.
Originally posted by snarky412
reply to post by xuenchen
That tells me that the older age groups aren't getting enough monthly income from Uncle Sam, so they are having to supplement their income by getting a part time job.
[so much for retirement, eh?]
Not good for them, neither for the younger ones who can't find jobs.
Sounds like a lose-lose situation IMO.....
Originally posted by Gridrebel
Originally posted by snarky412
reply to post by xuenchen
That tells me that the older age groups aren't getting enough monthly income from Uncle Sam, so they are having to supplement their income by getting a part time job.
[so much for retirement, eh?]
Not good for them, neither for the younger ones who can't find jobs.
Sounds like a lose-lose situation IMO.....
It also says to me that the seniors are willing to take these part time, low paying positions.edit on 27-10-2012 by Gridrebel because: (no reason given)