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A Decade in Decline: Fewer People are Working Full-time,
According to Decision Analyst
Arlington, Texas—The percentage of U.S. adults who report being employed
full-time (32 or more hours per week) has dramatically fallen since the year
2000, according to Decision Analyst, a leading marketing research and analytical
Full-Time Employment. In its ongoing
U.S. Economic Index Survey, Decision Analyst asks U.S. adults,
“Are you currently employed outside the home, or not?” and, if employed,
are asked, “full-time or part-time?” In 2000, 58% of respondents
answered that they worked full-time, but by 2010 that number dropped to 41%.
As shown in the graph below, the decline didn’t start at the beginning
of the Great Recession in 2007, but actually began in 2001 when the dot.com
bubble burst. The 2000 to 2010 time period is summarized below.
“Even allowing for a wide margin of error, it seems likely
that the number of U.S. adults employed full-time has declined by at least 30
million over the past decade. This decline in full-time employment partly explains
the lackluster U.S. economic growth over the past 10 years,” said to Jerry
W. Thomas, President/CEO of Decision Analyst.
Worried About Layoffs. In 2000, 74% of U.S. adults
were “not worried” about layoffs where they work. By the end of
the decade, the percentage who were “not worried” had fallen by
29 percentage points. Those 29 percentage points represent roughly 60 million
U.S. adults whose confidence in the job market has waned over the decade. No
wonder consumers are reluctant to make major purchases.
Unemployed. The percentage of U.S. adults “unemployed
but looking for a job” has more than doubled since 2006. These “unemployed”
percentages would be higher if based on size of labor force, instead of total
U.S. adults. The “not employed outside of the home” percentage has
steadily increased over the decade (many of these are discouraged workers who
have given up).
Job Availability. This graph shows the
percentage of U.S. adults who think “jobs are plentiful and easy to find”
versus those who think “jobs are scarce.” The plight of the U.S.
labor market and the depth of Americans’ pessimism are all too evident
in the 2010 percentages.
For more information you can download the Decision
Analyst Economic Trends 2000-2010 report in pdf format, or email email@example.com.
The Decision Analyst Economic Index Survey is conducted monthly via the Internet
among several thousand households balanced by gender, age, and geography. The
survey is conducted during the last 10 days of each month. The respondents are
from Decision Analyst’s proprietary American Consumer Opinion® Online
panel, one of the world’s largest online panels with over eight million
members worldwide. The monthly data is aggregated and reported by year in this
report. The margin of error is less than one percentage point, plus or minus,
at a 95% confidence level.
About Decision Analyst
Decision Analyst (www.decisionanalyst.com), based in Dallas-Fort Worth, is
a leading global marketing research and analytical consulting firm specializing
in market segmentation, strategy research, new product development, and advanced
modeling for marketing decision optimization. The 33-year-old firm delivers
competitive advantage to clients throughout the world in the CPG, technology,
food, automotive, healthcare, durable goods, and retail industries.
For additional information contact:
Phone: 1-800-ANALYSIS (262-5974) or 1-817-640-6166
Address: 604 Avenue H East
Arlington, TX 76011
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