The New York Times has discovered the issue of the involuntary underemployed — i.e. the part-time worker — in a nice article today entitled A Hidden Toll on Employment – Cut to Part Time:
The number of Americans who have seen their full-time jobs chopped to part time because of weak business has swelled to more than 3.7 million — the largest figure since the government began tracking such data more than half a century ago.
This is something I have been blogging on for some time — see Job numbers look worse on July’s unemployment numbers. I’m glad to see an article on this silent job crisis in a mainstream media outlet.
I will be posting a comment on the latest numbers tomorrow when the July data is released.