BUSINESS

The Disturbing Nature Of America's Part-Time Jobs Recovery (In 1 Chart)

EL CERRITO, CA - MARCH 08:  A 'Help Wanted' sign is posted in the window of an automotive service shop on March 8, 2013 in El
EL CERRITO, CA - MARCH 08: A 'Help Wanted' sign is posted in the window of an automotive service shop on March 8, 2013 in El Cerrito, California. The Labor Department reported today that 236,000 jobs were added in February, bringing the national unemployment rate down to 7.7 percent, the lowest level since December 2008. (Photo by Justin Sullivan/Getty Images)

The U.S. economy has created more than four times as many part-time jobs as full-time jobs this year, and a new government report shows why that's such a problem.

The report, released by the Bureau of Labor Statistics on Wednesday, says that part-time workers are much less likely than their full-time colleagues to have access to employer-provided health care benefits, retirement savings plans and paid sick days.

Just 24 percent of part-time workers have access to employer-sponsored health care, while 85 percent of full-time workers get that benefit, the report found. Similarly, 24 percent of part-time workers have paid-sick leave, compared 74 percent of full-time workers. And when it comes to retirement benefits, 74 percent of full-time workers and 37 percent of part-time workers get help from their employer.

The striking discrepancy in benefits is charted out below:

part time workers chart

Recessions and recoveries often lead to a boost in part-time hiring. And this most recent recovery has been especially slow to add full-time jobs, forcing millions of American workers into part-time work they don't want.

Corporate executives have said that with the economy so weak, they're hesitant to invest in full-time employees. But the slow recovery hasn’t stopped corporate profits from soaring and firms from squeezing more out of their employees than ever.

Obamacare-detractors claim the part-time jobs recovery is the result of employers reacting to President Obama’s health care reform law, which requires large companies to provide health care coverage for full-time workers. But that theory doesn't take into account that the part-time recovery began before the law's particulars came to light.

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