Tuesday, October 22, 2013

Are Multiple Job Holders "Crowding Out" new entrants or re-entrants into the job market? See the data for yourself and you tell me...

The Bureau of Labor Statistics (BLS) keeps track of all kinds of employment data from the surveys they do to determine employment/unemployment.  With the release of today's employment report I went looking for some off the beaten track data to see if I could come up with my own take or observation in the report. Found this.

Data on Multiple Job Holders. I clipped the relevant historical data on the different categories of Multiple Job Holders and calculate the change from August to September 2013 (Highlighted in Yellow below)

1. Multiple Job Holders who had a Primary Full Time Job AND a Secondary Part Time Job increased by 69,000 (3,774,000-3,705,000).

2. Multiple Job Holders whose Primary AND Secondary Jobs were Part Time increased by 118,000 (1,889,000-1,871,000).

3. Multiple Job Holders whose Primary AND Secondary Jobs were BOTH Full Time (Yikes!) increased by 25,000 (214,000-189,000).

 Between August and September the number of Multiple Job Holders increased by 212,000.

Were are creating jobs but it appears we are creating them for people who ALREADY have jobs, for the most part.

Are multiple job holders "crowding out" new entrants or re-entrants into the job market?

Not sure of the answer myself. What do you think???











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