Full-Time Jobs Plummet While Part-Time Work Surges in Struggling Economy

Since June 2023, over 1.8 million full-time jobs have been lost while part-time jobs have increased by nearly 1.7 million
The number of people working multiple jobs has surged by over 376,000 since June 2023
Full-time jobs are down 1.8 million since June 2023 while part-time jobs are up 1.7 million in that timeframe
Over 300,000 more people are working part-time jobs for economic reasons compared to February 2023
Inflation has risen 18% overall since January 2021, hitting 9.1% in June 2022, leading the Fed to increase rates to cool the economy