Labor Market

Part-Time for Economic Reasons

Workers in part-time jobs who want full-time work

What is the current Part-Time for Economic Reasons?

INVOLUNTARY PART-TIME WORKERS
4,396 ↓ Improving
working part-time because they can't find full-time work

4.4 million Americans are working part-time for economic reasons — they want full-time work but can't find it or had hours cut. This measure of labor market underutilization captures hidden unemployment that headline numbers miss. Source: BLS via FRED (LNS12032194).

Part-Time for Economic Reasons at 4,888

Tracking improving relative to recent baseline.

Explore Further

How has Part-Time for Economic Reasons changed over time?

CSV Chart Card
Part-Time for Economic Reasons over time
Part-time workers for economic reasons, thousands
Part-Time for Economic Reasons
Historical data
Monthly · BLS via FRED
Period Value YoY Change
Feb 2026 4,396 −527.00
Jan 2026 4,873 +395.00
Dec 2025 5,341 +980.00
Nov 2025 5,487 +1024.00
Sep 2025 4,594 −49.00
Aug 2025 4,755 −73.00
Jul 2025 4,689 +120.00
Jun 2025 4,473 +237.00
May 2025 4,624 +208.00
Apr 2025 4,686 +229.00
Mar 2025 4,771 +478.00
Feb 2025 4,923 +574.00

Frequently Asked Questions

What does 'part-time for economic reasons' mean?

This counts workers who want full-time jobs but are stuck in part-time positions because of slack business conditions or inability to find full-time work. At 4.4 million, it signals significant hidden underemployment.

Why does involuntary part-time work matter?

Part-time workers earn less, often lack benefits, and struggle to cover fixed expenses like rent and debt payments. Rising involuntary part-time work is a leading indicator of broader financial distress.

Where does this data come from?

Published monthly by the Bureau of Labor Statistics as part of the Current Population Survey, available via FRED series LNS12032194.

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Why does Part-Time for Economic Reasons matter?

Part-Time for Economic Reasons is one of 91 indicators in the American Distress Index's labor market layer — the signal that predicted the 2008 crisis two years before delinquency data confirmed it.
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