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Nearly 95% of all new jobs during Obama era were part-time, or contract

EconomyDec 21, 2016 12:23AM ET
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© Reuters. Decline in standard of living for many.

Investing.com -- A new study by economists from Harvard and Princeton indicates that 94% of the 10 million new jobs created during the Obama era were temporary positions.

The study shows that the jobs were temporary, contract positions, or part-time "gig" jobs in a variety of fields.

Female workers suffered most heavily in this economy, as work in traditionally feminine fields, like education and medicine, declined during the era.

The research by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that the proportion of workers throughout the U.S., during the Obama era, who were working in these kinds of temporary jobs, increased from 10.7% of the population to 15.8%.

Krueger, a former chairman of the White House Council of Economic Advisers, was surprised by the finding.

The disappearance of conventional full-time work, 9 a.m. to 5 p.m. work, has hit every demographic. “Workers seeking full-time, steady work have lost,” said Krueger.

Under Obama, 1 million fewer workers, overall, are working than before the beginning of the Great Recession.

The outgoing president believes his administration was a net positive for workers, however.

"Since I signed Obamacare into law (in 2010), our businesses have added more than 15 million new jobs," said Obama, during his farewell press conference last Friday, covered by Investing.com.

Nearly 95% of all new jobs during Obama era were part-time, or contract
 

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John Lenkiewicz
John Lenkiewicz Jan 26, 2017 9:33PM GMT
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The largest demographic taking those PT jobs are the elderly, whose IRA's 401k's got destroyed in the last financial collapse and now are earning virtually nothing on their savings, forcing them to supplement their income.. Among the 25-50 year old population, unemployment is much higher and those are the people who are suffering.
Not Blindly Following
Not Blindly Following Dec 22, 2016 3:27PM GMT
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I'm not sure who wrote this article but it's incredibly intellectually dishonest. . . Number 1, the study wasn't new, it was written in April, 2. the study wasn't political and covered years 1995 to 2005 then 2005 to 2015 (Ie did not isolate presidency). 3. They author of this article have take alternative work arrangement to mean part time and contract rather than what was written in the study.
Mark Scott
Mark Scott Dec 22, 2016 1:07PM GMT
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he was a failed president who promised change and delivered none. Instead of uniting a country that was ready for an african american president he went out his way to race bait and drive division deep among the poor and middle class why his elites flourished. Now step aside obama and let a leader run the country. Trump has done more as president elect for workers than obama did in 8 years.
Jamar Edgar
Jamar Edgar Dec 22, 2016 2:52PM GMT
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Shut up, you have no proof for anything you just said. Closet racist!
Tony Sousa
Obsidian Dec 23, 2016 12:38PM GMT
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Haha so if you don't like Obama you are automatically racist? Facts are facts Jamar. Wake up and realize the Democratic party has suppressed and held down your people for decades. This is coming from a Portuguese immigrant. African American unemployment has stayed this same (and actually risen in some parts of the US) during his presidency while other minorities and whites unemployment rates have gone down. These are all facts.
Siva Arul
Siva Arul Dec 22, 2016 12:36AM GMT
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you are allowed to claim unemployment benefit only for 6 months, after that you are considered employed, so all the people who lost the job & pass 6months not counted in this 4.6%, so figure out the real unemployment, no body can fix it, all the companies move to China,Mexico & helping those countries & bring the goods back here and marketing our people, who has no jobs,With governments quantitative easing,corporations have good time,pumping more air Dow 20,000,ordinary people become more more homeless,all the public parks doesnt need security any more, they are fill with homeless.
Robert Ace
Robert Ace Dec 21, 2016 7:21AM GMT
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And something like 94 million not working, but 4.6% unemployment so you know...stats and stuff.
Mark Scott
Mark Scott Dec 22, 2016 1:08PM GMT
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haha totally. is a disgrace and finally the people have woken up
MELQUIOR CHAVES
MELQUIOR CHAVES Mar 20, 2017 12:13PM GMT
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Are you guys serious about this figure? 94M unemployed in America? OMG
 
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