deepblue4you/iStock via Getty Images By Jennifer Nash Buried near the bottom of table A-9 of the government's employment situation summary are the numbers for full- and part-time workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly current population survey (CPS) of households. The focus is on total hours worked regardless of whether the hour...
deepblue4you/iStock via Getty Images By Jennifer Nash Buried near the bottom of table A-9 of the government's employment situation summary are the numbers for full- and part-time workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly current population survey (CPS) of households. The focus is on total hours worked regardless of whether the hours are from a single or multiple jobs. The Labor Department has been collecting this since 1968, a time when only 13.5% of US employees were part-timers. Over 55 years later, February's employment report showed that 17.5% of total employed workers were part time and 82.5% of total employed workers were full-time. Here is a visualization of the trend in the 21st century, with the percentage of full-time employed on the left axis and the part-time employed on the right. We see a noticeable crossover during the Great Recession when part-time work increased, and full-time work declined. Over the past few years, we have seen a similar crossover slowly form. The Impact of Recessions on Employment Let's zoom in a bit closer to see the impact of the Great Recession on employment. We’ve changed the start date of our next chart to the beginning of 2007. The reversal began in 2008, but it accelerated in the fall of that year following the September 15th bankruptcy of Lehman Brothers. In January 2010, shortly after the official end of the recession, part-time work peaked at 20.1%, while full-time work reached an all-time low of 79.9%. Afterwards, the two cohorts slowly drifted apart, with full-time employment increasing. Interestingly, this trend continued even during the COVID global pandemic and recession. It was only until recently that we started to see a slight reversal in this trend, with full-time work slowly declining while part-time work is on the rise. In December 2023, full-time employment dropped below 83.0% of all employment while part-time employment rose above 17.0% and w...
mustafaU/iStock via Getty Images Snowflake ( SNOW ) has recently been subjected to serious selling pressure as SaaS fears gripped the market and investors sold shares of software companies they deemed were at risk of AI-driven disruption. The SaaS platform has seen a significant multiplier compression since my last coverage in December, despite reporting record fourth-quarter results at the end of...
mustafaU/iStock via Getty Images Snowflake ( SNOW ) has recently been subjected to serious selling pressure as SaaS fears gripped the market and investors sold shares of software companies they deemed were at risk of AI-driven disruption. The SaaS platform has seen a significant multiplier compression since my last coverage in December, despite reporting record fourth-quarter results at the end of February: Snowflake reported both better top and bottom line results and benefited from strong demand from the enterprise sector for its AI services. Like other software companies, Snowflake is currently out of favor with investors and trading well below its historical price-to-revenue ratio. I like the setup here and believe the SaaS meltdown is completely overdone, creating a contrarian engagement opportunity. Data by YCharts Previous Rating The main reason behind my previous hold rating for shares of Snowflake was that the company was highly valued based off of forward revenues: Wait For A Drop , which at the time negatively impacted the perceived risk/reward ratio. However, Snowflake is heavily investing in AI products -- such as Cortex AI -- which offers enterprise customers solutions to improve productivity and is still growing at 30% Y/Y rates. I believe the recent SaaS sell-off has gone way too far, and I am upgrading shares to buy given strong customer acquisition and revenue momentum, as well as robust free cash flow profitability. Strong ER for Q4'25 According to Seeking Alpha's earnings summary, Snowflake beat estimates for both earnings and revenues on February 25, 2026. The non-GAAP EPS figure came in at $0.32, which signified a $0.05 per-share beat, while revenues were published at $1.28B -- a record for the company. The top line figure beat the average prediction by $29M. Seeking Alpha Strong Growth Upside in the SaaS Market In the most recent quarter, Snowflake generated total revenues of $1.28B (+30% Y/Y), which marked an all-time record for the SaaS plat...