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Investing

More US Workers Getting Full-Time Jobs

Photo of Paul Ausick
By Paul Ausick Published

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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Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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