Oregon workers were more likely to hold more than one job at a time than our national counterparts, a trend dating back at least two decades. Oregon’s multiple job holding rate has been higher than the U.S. every year since 1994, with the brief exception of 2004. Oregon’s rate climbed from 2009 through 2012 before falling to 5.4 percent in 2016. In 2017, Oregon’s multiple jobholding rate began increasing again to 5.7 percent.
Economic conditions certainly affect whether or not an individual works more than one job, but there is no clear association between the multiple-jobholding rate and the business cycle. That is because fewer jobs are available during recessions, right when more people need a second job to help meet their expenses. During expansions, increased income and looser credit constraints mean fewer people need a second job to meet expenses. These factors seem to cancel each other out on the whole, which is why multiple job holding rates don’t rise or fall significantly with the business cycle.
Most people working more than one job say they are doing so in order to earn extra money (38.1%), to meet expenses, or to pay off debt (25.6%). Another 17.6 percent of multiple jobholders report that their main reason for working a second job is because they enjoy it, as reported by the U.S. Bureau of Labor Statistics in an article about Multiple Jobholding Over the Past Two Decades. So working more than one job is thought to serve both economic and noneconomic purposes.
Working two or more jobs tends to be a temporary situation for most workers. Every month, more than 30 percent of multiple job holders return to working just one job at a time.
Read the full article written by Economist Anna Johnson.
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