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Part-Time for Economic Reasons During the Global Financial Crisis

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  • Bruce Fallick

Abstract

Net flows from part-time for noneconomic reasons to part-time for economic reasons contributed substantially to the overall increase in part-time for economic reasons during the Global Financial Crisis in the United States. This suggests that the increase in measures such as U-6 may have overstated the decline in labor demand during that period. However, this does not appear to reflect a general cyclical pattern.

Suggested Citation

  • Bruce Fallick, 2025. "Part-Time for Economic Reasons During the Global Financial Crisis," Working Papers 25-20, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwq:101519
    DOI: 10.26509/frbc-wp-202520
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    Keywords

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    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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