Number Of Part-time Employees On The Rise

More Americans are working part time than ever before, but that may not be good news.

Seven point three million people worked part time in November and that's a record, according to the labor department. But those same people wanted full time work, and are not counted in the unemployment rate. If they are counted as underemployed, the national unemployment rate swells to 12.5 percent, the highest since the government started tracking it in 1994.

Employers are slashing full time jobs for part time work and one analyst calls that an "ominous sign" for the economy, because slowing work orders lead companies to hire part timers to replace full employees.

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