The number of part-time workers who would have preferred a full-time job declined to 3.6 million people in June, the lowest number since August 2001
, and layoffs remained near all-time lows. Meanwhile, wages have grown at the fastest clip in decades as employers compete for talent.
"If given a choice, a lot of these part-time workers will go find better opportunities elsewhere," he added."So, naturally, employers are getting pressured to offer full-time hours to part-time workers."The decrease in June also comes as the overall labor market remains a bright spot in the U.S. economy despite fears of a recession on the horizon, according to economists.
If the current job-growth trajectory holds, the U.S. would fully recover the 22 million lost jobs during the pandemic era in August. The private sector fully recovered to its prepandemic baseline in June, which U.S. Secretary of Labor Marty Walsh hailed as a"major milestone" on Friday morning.
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