A new report from the Institute for Supply Management shows the American economy is headed toward a “crescendo” recession.
The study, titled “Crescendoing Job Losses and Job Declines: The American Dream Is in Declines,” shows that the number of jobs lost in the past two years is outpacing those created, a trend that has already affected the labor market.
It also highlights the importance of having an educated workforce, which will be key to the economy’s recovery.
“For most Americans, the prospect of a job and the promise of a paycheck have evaporated,” the report states.
“These are the kinds of jobs that make the future truly possible.
Consequently, a declining workforce has the potential to disrupt the current economic landscape.”
According to the study, the American dream has been in decline for more than a decade.
In fact, the number and composition of jobs has actually increased since 2000.
A growing number of Americans are working part time, which means they are either unemployed or working part-time for other reasons, the report found.
While the unemployment rate is lower than it was when President George W. Bush was elected in 2000, it has been higher than it has ever been.
More people are now working part timers than ever before.
According a Gallup poll, 61 percent of adults have a full-time job, up from 57 percent in 2007.
Additionally, the share of Americans who have at least a bachelor’s degree is up, as is the share who have a high school diploma.
These numbers are particularly troubling for the younger generation, who are expected to account for the majority of those who will lose their jobs as a result of the downturn.
Millennials today are more likely to be working part and part-timers than previous generations.
The number of people aged 18 to 34 who are part- or full-timing has increased by 14 percent, while the share working part or full time has increased 17 percent.
Among the more than 10 million Americans ages 18 to 24 who are now part-timer, nearly one in five (18.4 percent) are working full time, the study found.
That number is up from just one in eight (14.6 percent) back in 2010.
Younger people have a much lower rate of job insecurity, as opposed to older workers, according to the report.
Overall, the percentage of Americans ages 25 to 54 who have full- or part- time jobs is at an all-time low, with just 3.5 percent of workers aged 55 to 64 saying they were part-Time.
That’s down from 4.4 points in 1990.
The number of part- and full-Time jobs has also been increasing.
In 2014, 7.2 million people were employed full time.
About half of those jobs are at home, while another third are in retail, manufacturing, or other non-farm jobs, according the study.
However, the full- and part time jobs have shrunk since 2009.
When the number at home dipped below 5 million, there was a time when full-timer jobs accounted for more of the U.S. economy.
Back then, the country had nearly 3 million part-Timer jobs, the highest proportion since the late 1970s.
Now, part-Timers account for less than 3 percent of all jobs in the country, according it.
Part-timer employment fell by 13.7 percent between 2011 and 2014.
That’s a drop of nearly 6.5 million jobs, which has the most impact in manufacturing, retail, and service occupations, according.
Since the Great Recession, more Americans are finding part- Time work, the authors note.
With the number, it is no surprise that the unemployment and underemployment rate has dropped, according their report.
The decline is especially pronounced for young people.
Between 2011 and 2015, the unemployment rates for those aged 18-24 dropped by 9.5 percentage points.
But, overall, the overall unemployment rate has decreased by almost 11 percentage points for all age groups since 2009, the Institute finds.
This is despite a larger proportion of older Americans now in the labor force.
As a result, the labor share of the population in employment has risen from 37.9 percent in 2011 to 40.4 in 2016.
And, the proportion of the labor pool that is working has increased from 19.5 to 22.4 million over the same time period.
To understand what the American job market is looking like right now, The Washington Post’s Scott Wong, Mark Berman, and Amy Goldstein have an in-depth look at the job market report.