4 ms·
General long term workforce participation by those not in specialized or career fields has been overall declining since the mid 2000s. 2012-2017 saw a spike in
by Tanoc 4y ago
General long term workforce participation by those not in specialized or career fields has been overall declining since the mid 2000s. 2012-2017 saw a spike in specialized field jobs thanks to online media, but career positions continued to decline in overall numbers while still being occupied [1]. In general labour the trend has been to reduce staff sizes, drive more hours per day per worker, and reduce overall weekly hours [2]. Which naturally results in fewer job positions.
There is no recession coming up, because the truth is we never escaped the one that occurred in 2008 to begin with. We've just been covering it up.
[1]https://www.bls.gov/news.release/jolts.nr0.htm https://www.bls.gov/news.release/jolts.nr0.htm
https://www.bls.gov/charts/employment-situation/otm-employment-change-by-industry-confidence-intervals.htm https://www.bls.gov/charts/employment-situation/otm-employme...
Career positions in government and finance were stable in hiring and retention if slightly reduced month over month, while non-career positions such as retail reduced in number.
[2]: https://www.epi.org/publication/irregular-work-scheduling-and-its-consequences/ https://www.epi.org/publication/irregular-work-scheduling-an...