Vanishing Full-Time Jobs for Young Adults

According to the latest figures from the Bureau of Labor Statistics, more and more young adults are taking part-time rather than full-time jobs.  While the number of young adults age 20-24 has increased by 6.78% over the past four years, full-time employment has plunged by 17.1%.  In contrast, part-time employment for young adults has increased by 37.2% over the past four years.  Put somewhat differently, in May of 2008 71.7% of employed young adults had full-time jobs.  In just four years the fraction of employed young adults with full-time jobs is 60.4%.

It’s not clear what has caused this sharp shift from full-time to part-time work for young adults.  One possibility, that requires further investigation, is that college and junior college students are delaying their graduation because they face such a weak labor market after graduation.  These students may be staying in school, taking a few more courses while working part-time jobs, rather than starting their post-college careers.

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  1. [...] Bronars, senior economist at Welch Consulting, writes the following in a sobering blog post: According to the latest figures from the Bureau of Labor Statistics, more and more young adults [...]

  2. [...] Bronars, senior economist at Welch Consulting, writes the following in a sobering blog post: According to the latest figures from the Bureau of Labor Statistics, more and more young adults [...]

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