A record number of Americans are choosing to work part time. Here's why.

The job market may be cooling, but working part time is still hot.

A record number of Americans are choosing to work part time, including stay-at-home mothers, teens, retirees seeking extra cash to cope with inflation and employees who burned out on their full-time jobs while covering for missing colleagues during COVID-19.

After the pandemic, “people did some sort of reconsideration,” says Lonnie Golden, a professor of economics and labor and Penn State University who studies work schedules and workplace flexibility. “They just don’t want to overwork.”

Are more Americans choosing to work part-time?

In December, 22 million Americans chose to work part time, an all-time high, Labor Department figures show. That’s 13.9% of all workers, the largest share since February 2020 and among the highest over the past two decades. Though many are working for companies, others are working as gig or contract workers or have their own businesses.

Audrey Hoyt, 36, co-founder of three co-working spaces in the Seattle area, had been running the business full time with her husband while a nanny cared for their three children.

In 2019, she cut back her weekly hours from about 45 to 30 to spend more time with her kids. Then the pandemic cemented the set-up because she had to be home while they were distance-learning.

If she worked full time, Hoyt says, she could open more locations for the business, called Pioneer Collective, and grow revenue more substantially, even when figuring in the costs of a nanny.

But, she says, “it’s not enough to make the trade-off of having someone else taking care of my kids worthwhile. … I would rather be involved in my kids’ lives.”

Meanwhile, 4.2 million people worked part-time because their employers cut their hours or they could find only part-time work. The figure is up from late 2022 but still historically low. It’s expected to rise this year as the economy slows and companies need fewer full-time workers.

It’s noteworthy, though, that so many people are still opting for part-time work and employers are complying. In the past few years, many businesses struggled to find workers amid COVID-19-induced labor shortages, and they had little choice but to accommodate staffers who wanted to work remotely or part time or have flexible schedules.

Is the US job market cooling?

Last year, the job market began gradually softening as a post-pandemic burst in pent-up demand eased at the same time that inflation and rising interest rates began squeezing consumer pocketbooks. The economy added an average of 164,000 jobs a month from October through December, down from 312,000 in early 2023, and the number of job openings fell from an all-time high of 12 million in 2022 to a still-solid 8.8 million this past November.