Despite the mainstream media's inability to see things as they are - as opposed to how they hope them to be for fear of exposing the status quo for the illusion that it really is - the subject of 'job quality' in this recovery-less recovery has never been far from our thoughts since 2010 [5]. David Stockman has often discussed the loss of 'bread-winner' jobs [6] and in fact not only are there a record number of Americans with temporary jobs (28 million or one-in-ten non-farm workers [7]) but behind Wal-Mart (itself arguably a somewhat part-time employer), the Washington Examiner reports [8], that the second largest employer in America is Kelly Services - a temporary work provider. The company, started in 1946, serves 99% of the Fortune 100 and had revenues of $5.5bn in 2012 (though even this burgeoning growth area is struggling in the last quarter).
This is Kelly Services [9]...
[10]
[11]
[12]
And while fees collected are soaring, meaning more and more workers are part-time...
[13]
It's been a good run but even Kelly Services is seeing growth slow...
[14]
Don't worry though as modest job gaines are expected to continue in the US (and Asia-Pac will lead the growth apparently - even as China steps on the brake and the RBA fears recession)...
[15]
As The Examiner concludes [8], echoing our and Mr. Stockman's previous thoughts, it's a sad state of affairs for our country that the recovery, or lack thereof, is being fueled by a shift from full-time to part-time work.