Bloomberg Businessweek (07/07/14) Vince Golle; Ilan Kolet
The number of people taking part-time work for economic reasons rose last month by the largest margin in a year, and this figure played a role in June’s jobless rate drop, according to the U.S. Bureau of Labor Statistics. According to the bureau’s household survey, an additional 275,000 people worked fewer than 35 hours a week because their hours were cut or they were unable to find full-time work. However, such swings are normal and there are about 250,000 fewer Americans working part-time out of economic need and one million more with full-time employment than at the end of 2013.
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