| | | Hey Kirk,
businesscycle.com
I just noticed a piece at ECRI from yesterday on multi job holders. Excerpt - bold is me. t ECRI
"Specifically, since May, household employment has increased by only 325,000 jobs, so the latest month accounts for almost all household jobs growth since then. Furthermore, since May the number of multiple jobholders increased by 477,000, while single jobholders actually lost 152,000 jobs. In other words, the one in 20 workers who hold down more than one job were responsible for 147% of the net job gains, while the ranks of single jobholders actually shrank. The disproportionate importance of multiple jobholders – forced to cobble together a living – shows why the labor market is weaker than it seems." |
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