ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Why Record Number of American Workers Are Choosing Part-Time Remote Roles After the Pandemic

Stay-at-home mothers, teenagers, retirees, and those feeling overworked prefer part-time employment.
PUBLISHED JAN 31, 2024
Many Americans are seeking part-time remote jobs (representative image) | Pexels | Photo by Andrea Piacquadio
Many Americans are seeking part-time remote jobs (representative image) | Pexels | Photo by Andrea Piacquadio

More Americans, including various demographics like stay-at-home mothers, teenagers, retirees, and those feeling overworked, are choosing part-time employment. In December 2023, a record 22 million Americans worked part-time, constituting 13.9% of the workforce, the highest since February 2020. This includes workers in traditional roles as well as gig workers and entrepreneurs.

Image Source : Photo by Andrea Piacquadio | Pexels
Pexels | Photo by Andrea Piacquadio

Audrey Hoyt, co-founder of co-working spaces, reduced her weekly hours from 45 to 30 in 2019 to prioritize time with her children, a decision solidified by the pandemic. Despite potential business growth, Hoyt values family involvement over full-time work.

Some workers are part-time due to reduced hours by employers or difficulty finding full-time work, a trend expected to continue as the economy slows. However, many employers are accommodating part-time and flexible arrangements, reflecting a potential long-term shift.

Employers have adapted to remote work, addressing concerns about productivity. As remote work becomes more entrenched, it may be difficult to revert to traditional setups even if economic conditions change. In an economic downturn, employers may prioritize retaining full-time workers over part-timers. However, laid-off workers may turn to contract or gig work, contributing to the rise in part-time employment.

Photo by Andrew Neel | Pexels
Pexels | Photo by Andrew Neel

In December, 37% of 16- to 19-year-olds were either working or seeking employment, up from about 36% pre-pandemic. Employment among teens rose to 5.6 million, primarily in part-time roles after school, with 368,000 more employed compared to January 2020.

Labor shortages and post-Covid burnout among adult workers, particularly in sectors like restaurants and retail, created more job opportunities for teens. Additionally, rising wages and a desire to break free from pandemic-related constraints contributed to their increased employment. This trend marks a reversal of the long-term decline in teen employment, attributed to their growing involvement in school activities, volunteer work, or untracked gig jobs.

Image Source : Photo by Andrea Piacquadio | Pexels
Pexels | Photo by Andrea Piacquadio

Despite the pandemic's onset sparking widespread burnout among workers, the issue hasn't significantly improved. A recent survey by isolved found that 65% of employees experienced burnout in the past year, with 58% planning to explore new job opportunities in the next 12 months.

With the closure of daycare centers during the pandemic and some workers exiting the industry, parents, especially women, turned to part-time remote work while caring for children. This option facilitated the return of many women to the workforce amid a robust labor market with increasing job opportunities and wages.

Photo by Kampus Production | Pexels
Pexels | Photo by Kampus Production

Despite the buoyant labor market, many in their 50s who retired early during the pandemic opted not to return to work. However, there has been a 5.2% increase in the hiring of men aged 65 and over in the past year, with many without college degrees re-entering the workforce for low-wage jobs due to financial strains caused by high inflation. About 70% of working men and women over 65 are in part-time jobs, driven by the large population of baby boomers in this age group. This demographic shift has contributed to the overall increase in the number of Americans working part-time.

While these industries have been steadily adding workers, they still fall short of pre-pandemic staffing levels. The prevalence of part-time workers in these sectors has contributed to the overall increase in part-time employment.

Cover Image Source: Pexels | RDNE Stock project
Pexels | Photo by RDNE Stock project

The Affordable Care Act (ACA) implemented in 2014 led to a steady rise in the share of employed Americans choosing part-time work as it provided easier access to affordable health insurance without requiring full-time employment. Policy changes under different administrations have influenced the fluctuation in part-time work trends, with recent adjustments contributing to an increase in workers opting for part-time roles.

MORE ON MARKET REALIST
The contestant had her mother and sister with her, both of whom were also emotional.
27 minutes ago
Fans made their opinions clear under an Instagram reel posted by the show's official handle.
1 hour ago
The contestant said she worked in hair loss prevention, which Harvey clearly knows nothing about.
21 hours ago
The guest who impulsively picked up the LeRoy Neiman painting had no idea of its significance.
22 hours ago
It was a heartwarming moment on the show, and even Steve Harvey had a big smile on his face.
23 hours ago
The contestant, Talia MacLean could barely hold her emotions after playing a perfect game.
1 day ago
The guest wanted a six-figure sum for all three rings but Harrison did not even offer half of that.
1 day ago
The contestant played a fantastic game despite falling behind in the early going.
1 day ago
Herjavec was the only one who believed that he could make the business go big.
2 days ago
Steve Harvey had never heard of the team the contestant and sadi, and his reaction was priceless.
2 days ago
The contestant made the unusual choice because of a deal she had with a loved one.
2 days ago
The guest had received it from a cousin, who had bought it in Paris during World War II.
2 days ago
It was a fantastic solve for the contestant as the puzzle did not look easy.
3 days ago
Not only was the signature authentic, but also rare, as it was a full autograph on a personal document.
3 days ago
The guest wanted a lot less for the items and was happy to get a some extra cash.
3 days ago
Steve Harvey asked the contestant, Andrea, to demonstrate her answer, and that's exactly what she did.
3 days ago
The co-host revealed one of her hidden talents and fans were left impressed.
4 days ago
The entrepreneur might not have hoped to get so much money but he wasn't going to say no.
4 days ago
"He's got those American Idol dramatics ingrained in him," a fan pointed out on Reddit.
4 days ago
“We finally got our first $75,000 winner in the Ryan Seacrest era!!!” a fan praised.
5 days ago