A slowly growing number of workers in the U.S. work part time, either because they haven’t been able to find full-time jobs, or they’ve had their hours cut.
A lot of attention is paid to the headline unemployment rate. But the number of “underemployed” workers also offers clues about the health of the labor market.
Markets were hopeful on Friday after Iran announced that the Strait of Hormuz would be reopened to commercial vessels. Now, escalating tensions are bringing expectations back down.
