The Job Market in US – Full and Part Time: A chart

The chart below measures the net change in the number of full time, part time and the total number of jobs from that point through the present.

Here, we see a large increase in the number of  jobs during the official period of recession as the number of full time jobs plummeted, which coincides with the displacement of Americans working full time during the recession. That increase in part time jobs however basically ends after the U.S. officially exited from the recession, where we also observe the rate of decline in the number of full time jobs begin to decelerate.

By December 2009 however, the number of full time jobs begins to make a robust recovery, as the number of part time jobs begins to decrease slightly, suggesting that a number of Americans working part time transitioned to working full time.

And then, things begin to go haywire in and after March 2010. What had been a robust recovery in full time employment suddenly becomes choked off as working Americans were shunted back into part time employment. The number of Americans working in full time jobs then began to fall until November 2010, which coincides with the Federal Reserve’s announcement that it would intervene in the U.S. economy by beginning a new round of quantitative easing to stimulate economic growth.

Chosen excerpts by Job Market Monitor. Read the whole story at What Broke the Job Market in America? – Political Calculations – Townhall Finance Conservative Columnists and Financial Commentary – Page 1.