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Saturday, October 27, 2012
RECOVERY? ALMOST ALL OF THE JOBS ADDED SINCE 2009 HAVE GONE TO PART-TIME WORKERS AGES 55 & OLDER
It’s no secret that a great deal of the jobs added in the last few years have beenpart-time jobs. In fact, as noted earlier onTheBlaze, part-time employment was almost entirely responsible for that miraculous dip in unemployment we saw earlier this month.
But here’s something you may not have known: Of the almost five million jobs added since late 2009, almost all of them have gone to part-time workers ages 55 and older.
“[S]tarting since the official NBER end of the recession in June 2009, the US has cumulatively added 2.9 million jobs,”Zero Hedgereports.