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Thursday, January 25, 2024

The Daily Money: Part-time work is hot

The job market may be cooling, but part-time work is flourishing.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Jan 25 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

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

A record number of Americans are choosing to work part-time, Paul Davidson reports, 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.

After the health crisis, "people did some sort of reconsideration," says Lonnie Golden, a professor of economics and labor at Penn State University who studies work schedules and workplace flexibility. "They just don't want to overwork."

NHTSA investigating after Chrysler Pacifica plug-in catches fire

NHTSA investigating after Chrysler Pacifica plug-in catches fire

Chris Hawkins

'It could happen to them'

"It kind of hit you in the face" as soon as you walked in the garage, Hawkins said of "the intense and pungent burning plastic smell."  

That smell in his Chesterfield, Missouri, garage turned to smoke. Within minutes, Betty Lin-Fisher reports, the family's 2018 Chrysler Pacifica was on fire. The plug-in hybrid electric van was off at the time, plugged in for charging.

That was less than two months after Chris and Ellie Hawkins had the vehicle serviced for a recall linked to a risk of fire.  The couple is now questioning the effectiveness of the fix, and worried the same thing could happen to other unsuspecting Pacifica plug-in owners. 

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"Burrito season" is coming, and Chipotle Mexican Grill is looking to hire 19,000 new employees.

The chain also announced it is adding new employee benefits to "prioritize financial and mental health," including a student loan retirement match program, where the company will match up to 4% of eligible employee's salaries to their 401(k) if they make eligible student loan payments.

Burrito season, according to Chipotle, runs from March to May and is the busiest time of year for the fast-casual restaurant chain. Who knew?

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

Customers visit the American Mall dream mall during Black Friday in East Rutherford, New Jersey, on Nov. 25, 2022. Black Friday, the day after Thanksgiving is traditionally regarded as the start of the holiday shopping season, with shoppers flocking to stores and online for bargains.

The economy grew faster than expected in Q4. A pullback is expected this year. Most, but not all, forecasters think the U.S. can avoid recession.

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Part-time work is at all-time high. And it could be a lasting shift.

In December, 22 million Americans chose to work part-time, an all-time high.

A photo provided by the Hawkins family shows their smoky vehicle moments before an explosion occurred on Nov. 5, 2023.
 

'It could happen to them': Family seeks change after Pacifica EV catches fire at home

A Missouri couple's 2018 Pacifica electric minivan caught fire while plugged in the garage, two months after being "serviced" for a fire-risk recall.

Teslas charge at an electric vehicle charging station at a Target, Tuesday, April 11, 2023, in Salem, Ore.
 

Tesla Q4 earnings warns of slower growth, shows margin drops

Tesla released its fourth quarter and full year results to investors on Tuesday. The company warned of slower volume growth causing shares to slip.

In 1984 the Apple Macintosh personal computer was unveiled to the world, 40 years later it still has a loyal following.
 

Apple Macintosh turns 40 today. How does it compare to your laptop?

The Macintosh revolutionized home computing in the 1980s, but today's laptops are far more powerful.

What's the deal with Stanley cups? Get your hands on the popular tumbler
 

Do Stanley cups contain lead? What we know about the viral claims

Some consumers have made posts on social media claiming the viral cups have tested positive for lead.

Logos for Netflix, Hulu, Disney Plus and Sling TV are pictured on a remote control.
 

Binge on a budget: This trick saves you money on streaming

Analysts say more streaming subscribers are canceling services or are hopping from one service to another to save money as subscription prices go up.

State employees have grown accustomed to working remotely since August but a memo sent out by staff Tuesday will send those workers back to the office in January despite rising COVID-19 concerns.
 

Think you'll work past 65? Think again. Why most of us retire sooner.

We're living healthier and longer lives. So why retire before 70? It turns out a lot of things could force us to stop working sooner.

A Chipotle location is pictured in Vermont.
 

Chipotle looking to hire 19,000 workers for 'burrito season'

Chipotle Mexican Grill says burrito season, from March to May, is its busiest time of year, and is looking to hire 19,000 employees.

A view of the St. Mark's Square in Venice, Italy, taken on June 8, 2019. Venice authorities have rolled out a pilot program to charge day-trippers 5 euros ($5.45) apiece to enter the fragile lagoon city on peak weekends next year.
 

Tourists, pay up: More destinations are increasing visitor taxes

Here's everything to know about the increasing fees aimed at tourists and how they will impact your travel.

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