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Perhaps you could infer it by looking at the number of people that are working 2 or more jobs? If that data exists...
by kaycebasques 9y ago
Perhaps you could infer it by looking at the number of people that are working 2 or more jobs? If that data exists...
- adventured 9y agoThe BLS does indeed provide that data. The total number of multiple job holders is at 8.1 million, representing 5.2% of the total persons employed. As a percentage that's approximately where it was in 2006-2007 before the great recession. The peak during the great recession period was around 5.5%. That figure has climbed slightly year over year, from 7.980 million to 8.130 million. That might imply slight stress in the labor market, in terms of cost vs wages, but nothing significant yet. It also might indicate there are some good paying side jobs that have become available due to the labor scarcity and people are snapping them up to improve their financial situation. The coming year will be interesting, as to whether the much anticipated wage growth finally shows up, or whether we're trapped in a Japan debt box of perpetual low inflation and low wage growth despite very low unemployment.
- refurb 9y agoIs that multiple jobs at the same time or just more than one job in a given year? Curious how they count it.
- adventured 9y agoIt's more than one job at the same time, during the measured period of time. The BLS routinely polls for why as well. Typically it's about 1/3 say it's to earn more money, 1/3 say it's specifically to deal with debt, and ~15% will say it's for enjoyment (they like the second job). Multi-job holding peaked (all-time high) in 1995 at around 6.8%.