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Part-time work for financial reasons surged in November, with job growth slowing and unemployment rising to its highest in four years.
A surge in part-time work due to economic reasons has become a major concern, with 62% more Americans working part-time for financial necessity in November compared to a year earlier—the largest annual increase since 1956.
Job growth slowed to just 67,000 over the past three months, and the unemployment rate rose to 4.6%, its highest in four years.
Many workers, including those with full-time jobs or experience, now hold multiple positions to make ends meet, reflecting widespread financial insecurity and a labor market where hiring has stalled despite low layoffs.
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El trabajo a tiempo parcial por razones financieras se disparó en noviembre, con una desaceleración del crecimiento del empleo y un aumento del desempleo hasta su nivel más alto en cuatro años.