The nation's recovery from the recession is "phony," with the employment picture remaining bleak despite President Barack Obama's claims to the contrary, Mortimer Zuckerman, chairman of U.S. News & World Report, charges in a hard-hitting Op Ed, Tuesday.
Part-time workers are taking the place of full-timers, with even the government employing more than 2 ½ times as many part-timers as it did a year ago, Zuckerman says in the piece for The Wall Street Journal..
"At this stage of an expansion you would expect the number of part-time jobs to be declining, as companies would be doing more full-time hiring," he writes. "Not this time.
"In the long misery of this post-recession period, we have an extraordinary situation: Americans by the millions are in part-time work because there are no other employment opportunities as businesses increase their reliance on independent contractors and part-time, temporary and seasonal employees."
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