Wednesday, December 4, 2024

Businesses are cutting workers’ hours in a warning sign for the economy

Posted By Peter Coyne | 2023-07-13 03:30:13

Businesses are forcing hundreds of thousands of people into part-time roles in what could be an early warning sign for the economy.

  • The number of people who worked part time, but want to work full time, rose by 452,000 in June, the biggest jump in more than three years.
  • “I don’t mean to be Chicken Little here, but this does tend to be a leading indicator that things are starting to slow down,” says a former deputy director at the Labor Department.

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