The chart shows ratio of full time workers to part time workers.
It declined steadily due to fundamental changes in the economy until 1985. After that point, we see a pattern where full time work usually plateaus or declines relative to part time work around recessions (sometimes before/after). The current pattern appears most similar to the 90s tech bubble.
Anything can cause a recession tbh. Sure they’ll be signs but we won’t know until we’re in one. We can’t know the behavior of the economy we can only forecast possible events.
People are thrift shopping.. recession in bound.. probably
Aaaany day now folks – I swear!!
Why does this sub have such a recession fetish
Economy has changed, I know many part time workers in my industries that the corporations in order to save money have taken what was 4 full time positions and broke them down to 10 part time positions. This way they don’t have provide healthcare ins, save on 401k contributions and other full time benefits.
Last week, I was hearing that job openings remain at an “elevated” high, quits were increasing as workers seek higher wages, manufacturing PMI show “expansion” after months of contraction. And GDP is growing.
I don’t see the recession signs at this point.
Any day now…
Only thing i can really infer from this graph is that the supposed FT/PT ratio is that it mostly decreases during a recession and not reliably before to become a “signal” of going into a recession
9 comments
The chart shows ratio of full time workers to part time workers.
It declined steadily due to fundamental changes in the economy until 1985. After that point, we see a pattern where full time work usually plateaus or declines relative to part time work around recessions (sometimes before/after). The current pattern appears most similar to the 90s tech bubble.
Anything can cause a recession tbh. Sure they’ll be signs but we won’t know until we’re in one. We can’t know the behavior of the economy we can only forecast possible events.
People are thrift shopping.. recession in bound.. probably
Aaaany day now folks – I swear!!
Why does this sub have such a recession fetish
Economy has changed, I know many part time workers in my industries that the corporations in order to save money have taken what was 4 full time positions and broke them down to 10 part time positions. This way they don’t have provide healthcare ins, save on 401k contributions and other full time benefits.
Last week, I was hearing that job openings remain at an “elevated” high, quits were increasing as workers seek higher wages, manufacturing PMI show “expansion” after months of contraction. And GDP is growing.
I don’t see the recession signs at this point.
Any day now…
Only thing i can really infer from this graph is that the supposed FT/PT ratio is that it mostly decreases during a recession and not reliably before to become a “signal” of going into a recession