Limited Laborers

During the years 2002-2007, the number of persons working part-time because they were unable to find full-time work averaged 4 million/month; 3% of the labor force. At the worst of the recession, it peaked at 9.25 million/month; 6% of the labor force. Today, it’s just 4.4 million/month or 2.7% of the labor force. While some are dropping out, most are getting full-time work! Therefore, wages are rising along with rates.