The Daily Money: Part-time work is hot
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.”
'It could happen to them'
Chris Hawkins' 9-year-old son smelled burning plastic somewhere in the house.
“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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🍔 Today's Menu 🍔
"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 Paste BN. 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.