Involuntary Part-Time Work in US – May remain significantly above its pre-recession level FRBSF finds

The incidence of involuntary part-time work surged during the Great Recession and has stayed unusually high during the recovery. This may reflect more labor market slack than is captured by the unemployment rate alone. Analysis across states and over time indicates that a substantial part of the increase is related to the business cycle. However, structural factors such as changes in industry composition, population demographics, and labor costs have also contributed. This suggests that involuntary part-time work may remain significantly above its pre-recession level as the labor market continues to recover.

Chosen excerpts by Job Market Monitor. Read the whole story at  Federal Reserve Bank San Francisco | Involuntary Part-Time Work: Here to Stay?.