In the 12-month period from June 2023, the United States gained 1.8 million part-time jobs, but at the same time, we lost 1.6 million full-time jobs.
The data comes from an infographic shared by X user @zerohedge, which prompted widespread debate on the social media platform as to what the graph meant for America in July 2024.
Employment in April and May were also revised down in the June jobs report today. Nearly all economic revisions under Biden have been negative.
This comes following data showing that the Biden economy has created no net jobs for native-born Americans.
An interesting aspect of the graph is how the two statistics compared under Joe Biden’s Presidency and that of Donald Trump’s. While relative job creation between the native vs. foreign born groups was largely similar under the previous administration, the disparity exploded once Biden took office in January 2021. As such, due to how lopsided the Biden so-called economic recovery has been, it’s now the case that since July 2018, there have been zero jobs created for native born Americans.
For some, the discrepancies between full-time and part-time work signaled a poor economy, representing worker frustration at Joe Biden’s administration.
Some, meanwhile, took aim at private corporations.
One user also noted the popularity of gig economy roles such as Uber Eats, or general worker empathy to full-time hours.
So, what’s the answer?
Such a shift from full-time to part-time work is often viewed negatively, but the reality may not always be the case. As mentioned, digital advancements allows more people to work online, thus opening avenues for part-time work and gig hustles such as Uber Eats. This flexibility allows many to fit their work around their personal commitments, rather than the other way around. However, this can also be a sign of economic desperation too.
Part-time work is also preferred by some corporations as they are subject to less demand to fund employee benefits. It also provides workplace flexibility, as two, part-time employees are easier to replace than one, full-time specialized employee.
There are drawbacks, of course. Full-time work provides more job security for many while also improving opportunities for career development. Part-time jobs are also more competitive, particularly given recent data pertaining to show a favorable job market for immigrants over natural-born U.S. citizens.
What’s your view? Should we be concerned by the decreasing number of full-time jobs? Let us know in the comments.
