The number of full-time employees in the US reached 113.8 million in December, the highest its been since February 2009. The number of part-time employees also fell to 8.1 million in the month, the lowest total since January 2009.
Employment experts told Bloomberg News that growth in full-time employment and reductions in part-time employment normally indicate an improving job market. There is even a chance that wages will improve, if only slightly, because full-time workers are more valuable to employers, even when the unemployment rate is 8.5%.
Overall economic growth in the US is also being forecast higher, at around 2.1% now, compared with a 1.8% annual growth rate in previous estimates.
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