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June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993
Is this the reason for the blowout, on the surface, payroll number? In June the BLS reports that the number of full-time jobs tumbled by 523K to 118.2 million while part-time jobs soared by 799K to over 28 million!
Looking at the breakdown of full and part-time jobs so far in 2014, we find that 926K full-time jobs were added to the US economy. The offset: 646K part-time jobs.
Something tells us that the fact that the BLS just reported June part-time jobs rose by just shy of 800,000 the biggest monthly jump since 1993, will hardly get much airplay today. Because remember: when it comes to jobs, it is only the quantity that matters, never the quality.
... just in case there is any confusion why there is zero real wage growth (for two months in a row now), and why it will take a few more months before experts start tossing the word stagflation a little more casually.
Source: BLS
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Excellent!
Short term Motivation is making money.
Long term motivation is reduced war affecting profits (not everyone is a MIC). By having everyone the same beaten down grey, there are less pockets of oppressed where war can ferment. Everyone except the 1% are oppressed.
Justification is Adam Smith.
Or maybe all this immigrants are really more a marketing job. Convincing the natives that you are still living a dream and that there are this poor souls that would do anything to move in and live your life. In a not so distant future the south border will be there to keep the Americans from escaping the states?
CNN is spinning this report 180 degrees opposite from what we read here....no mention of part time vs full time, etc.
As is Bloomberg and every other clown show network outlet
Hell, yes. Wait until they jail the alternate media personnel. Whoever is left (like Rush or Beck types you will then know are controlled 'opposition.'
Pretty sure Israel is about to invade Gaza, which, based on what I've read, will be good for Gaza's economy.
Since a rising tide lifts all boats, it must be good for our economy, so I'm going to quit my job, where I am unhappy anyway, due to some disagreements with my fuckin' boss...
As a franchisee of 13 fast-food restaurants, I can report that my YoY sales are flat, but the number of employees I have has increased over 10 per cent. Only two employees per location are considered full-time (over 30 hours p/week); everybody else without exception, is kept under 30 hours at all costs. This is in preparation for Obamacare which takes effect January 1st, however, the lookback period will most likely be six months. So effectively, it is now (June) when employers such as myself are ramping up for Obamacare (hiring part-time workers).
Amazing. Thanks for that report. I was just going to ask what could possibly make such a disparate set of full time part time numbers, and you've already answered. I suspected something along those lines but didn't know that we were exactly at a statutory date!
How can we hide our houses/asset from BK courts so that we can play and dance?
Create a shell Corp and put the assets into the name of the Corp?
The Doors - When The Music's Over http://www.youtube.com/watch?v=jLAr-WlxMZYI'm going long on Gardening and backyard poultry.
REMEMBER PEOPLE DON"T NEED JOBS, THEY NEED MONEY!
Don't invest too much in that. When Mugabe throws the switch to the Dr Evil Machine, the UN troops will wipe out your garden and steal your hens, roosters, and pullets. Keep a stock of critters with a poison in them that does not affect them, but kills UN troops when they eat Mr Chicken!
Frankie, we are not going to need you next week. Oh and those fries you have been eating off the floor, stop eating them and bag them for an order.
Thanks. Oh, by the way, what are you and the underpass people doing for the 4th?
Speaking of the underpass people, I noticed some new tents under a flyover where a couple of weeks ago there were none. The tent city on the other side of the road must have filled up forcing the establishment of a new camp. I get to watch the inhabitants walk down the road to and from the soup kitchen. Generally, they don't look like total derelicts like they did when I was a youngster.
Yeah, the fucking economy is awesome. Thankfully our messiah is standing guard for us in between the tee boxes. 25 hours a week at minimum wage with no benefits along with mandated purchase of crappy health insurance at the point of an IRS guvmint machine gun is the tru path to nirvana.
Ha, ha, ha......All I can do is laugh at all the propaganda and spin. With a 6.1% officially massaged unemployment rate, please wake me when the average time for an unemployed person to land a new job is less than 20 weeks.
Hey, it is worse than that. Bath House' fake health care was a way to kill jobs, and make people work 2-3 part time jobs to reduce everyone to the level of Zimbabwe.
1. Wipe out jobs with Homocare
2. Invade the US from the southern border (toss in diseases for brownie points with TPTB) and overwhelm with Cloward-Piven.
3. Totally destroy US credibility with defective foreign policy, create more distrust with Snowman's "leaks" to extra piss off other countries.
4. Keep pushing everyone into panic so they freak out, then jail them where the Mexicans were in the up-and-running concentration camps, and shoot anyone else with dhs ammo stockpiles.
5. Finish off any remaining morals with GLBT Human Rights and promote GLBT then child and animal sex recognition.
In two years, before he "leaves" office, the US cease to exist.
Lest we get carried away with nilhilism here- let me 'splain a little somthing. This guy and this administration are some of the finest socipaths ever conjured up- they have damaged us severely. There is no doubt.
But we endure assholes. We endured Nixon, Carter, the Bushes, Clinton, and now this dipshit. Our ship may be listing but we ain't quite dead yet. And before this is over- remember that there are millions of us, well armed and well read, that will only tolerate so much. If it gets really bad- and we ain't nearly close to that, the tree of liberty shall be refreshed with the blood of tyrants.
Same as it ever was.
I hate to go into town anymore because of all the depressing homeless beggars (not all bums) on the street corners, there is real competition for prime pandhandling corners with long light waits- I fully expect to see the local gangs venture into street level real estate by franchising pandhandling hotspots per diem..
..just more churn in the economy, creating opportunity where formerly there was no need; it took six years but we got the change, so now where's the hope?
I remember getting on a plane last year in Dubai; there were tons of Bangladeshis returning home on the same flight. I realized I was just 'another' Bangladeshi, having to fly off from my home to make a buck cause you can't do it in America.
TPTB have a hard-on against the US. They planned out the invasion through Mexico about a year ago. I know a guy in BP, he thinks the goal is to destroy the US so TPTB can form a NAU. I have heard about a new money unit called the Amero but I do not know if it is true, supposedly they will issue it when they crash the financial system. Who knows?
The sick twisted fuck-queen in DC wants to genocide YT. I have NO doubt about that. No, wait, he and Billy Ayers want to genocide America, the Republic.
Let me get this straight, more the people stop looking for jobs, the lower is the unemployment rate.
So all we have to do is wait till no one is looking for a job because no jobs are available, then according to the current method of calculation we will have full employment. The fact that participation labor rate will go through the floor will have no consequences whatsoever on the economy.
Politicians are best at barking crap. Economic calculations and interpretations are not exactly their strong points.
The true extent of slowdown in the world economy can be judged by the data points which are not subjected to adjustments by the government. Eg. Change in Electricity and Fuel consumption, Ratio of working population to the total population of a country, Miles driven, Baltic Dry Index, Change in commercial Rental Rates etc
www.marketoracle.co.uk/Article40231.html
Yep, you nailed it well. My oldest friend blew his brains out after fruitlessly searching for work for over 15 months. I guess he did his part to "help" the unemployment rate.
My condolences.
This is the kind of hiring increase you might expect, if a bunch of people who had been living on extended unemployment for the last two years, had to go back to work since congress cancelled EUE. Low wage, part time, etc..
Get off that stale canard.
Unemployment is incredibly dehumanizing and does not even come close to replacing one's lost income. The problem is that the elites have raped us all. Do not blame the victims though I'm sure some are milking the system and are lazy. However, they pale in comparision to the Bankster's welfare payments.
Great point. Add "Loss of Human Dignity" as #6 to my list below!
BLS page link:
http://www.bls.gov/news.release/empsit.t09.htm
Scroll down to "FULL- OR PART-TIME STATUS"
I don't see that they chart it nicely I guess Tyler did that?
http://www.youtube.com/watch?v=FHkxVXB37EU
Working 1 to 5!
this nail was hit on the head yesterday on zh comments, -1 good job + 2 bad jobs = prosperity.
Yet another installment of the government pissing down my back and telling me it's a shower. Oh, how I've loved the last 6 years.
whats with the sreaming in the backgroud? anyone else getting this?
CNBC in full party mode! DOW 17k, Unemployment better than expected. Wondering about Fed tightning.
It's like another planet. More accurately, another dimension.
It's not complete until people calling for unemployment benefits unfailingly hear an Indian accent.
I heard a rumor that some social security admin is going to be outsourced...
meanwhile, the bus that drops off in front of the train I used to take is about 80% Indians now, just the past 5-7 years maybe... all off the boat and I think working in IT.
But it must be good for "the economy" - importing tech workers and importing unskilled laborers with Hepatitis and penchant for buggery...
SSI has closed over 60 offices and laid off 11,000
You will get your benefits if you are willing to bring camping gear and provisions to the line wait. Better have your paperwork in order. Whatever "order" is on that particular day with that particular "agent".
Another glimpse of "how it starts"
There is no end to the amount of criticism on here about 'Indians in IT' and other legal forms of immigration (even with some gaming of the process) and from the same posters complain about the lack of 'capitalism.'
It is the gist of capitalism as you bring in a resource that is cheaper (usually at least 20% even if US onshored and usually more because their benefits are 2nd tier and they have minimal/no retirement obligation) and can be exploited ('voluntary' time on Sat and/or Sun which is quite common in Silicon Valley).
Not sure exactly what these same posteres want except to b!tch. If labor isn't organized in some fashion, that is what happens.
Let me add a little bit here.
It is the gist of fascism to import workers to suppress wages when your native citizenery has been decimated by years of corrupt policy and technological advances that do make some jobs redundant.
I cringe everytime I hear a politician say the solution to our problems is to increase immigration. Exactly whose problems are they trying to solve? I would venture their cronies are having some problems with workers having a modicum of freedom. Hence, the H1B, the 21st century indentured servant or unrestrained illegal immigration which serves to wipe out the blue collar trades.
These pigs are just using simple arbitrage of desperate third worlders trying to better themselves and technological progress to feather their own nests. Now that this cycle of greed is nearing completion, there is going to be hell to pay once the final criticality of failure is upon us.
Organized labor became corrupted failing the average worker. Mega corps and mega banks have become corrupted failing the average worker. Of course, I cannot say politicians became corrupted, but they've been corrupt since the dawn of time.
To answer your question, politicians who think immigration is the solution, the problems they are trying to solve are their own. They're trying to shut YOU up either thru exhaustion, surrender, or actual death from stress or pharmaceuticals and self medication.
I agree with your entire post. Please look up "reverse Citizens United" and sign the petition. Also write your representatives.
I actually do believe they would rather replace us than please us, let alone REPRESENT us. I'm going to vote neither Republican nor Democrat. When there is no third option, I'm going to vote non-incumbent and finally, write in my own candidate if no other choice.
@mebizarro. Nothing I can say that comes close to what Jimmy Goldsmith explained in this short interview in 1994.
http://www.winkball.com/entries/d5A39NPRWt7c/videos-of-the-world
Yes but two things.
First, there is a perception (and a reality) that the quality of these Indians is very low, and that their cost-effectiveness is also very low, so that it seems it is much more a management imperative to limit salaries than it is to save money! Hiring six Indians at $60,000 instead of one American at $90,000 seems to be management's preference. It's not economically rational, you have to get into sociology or anthropology or something to explain it.
And then there is the short-sightedness of it, even if it were effective, as it destroys any desire smart Americans will have to go into these fields, and this cannot be good, as a first approximation it leaves Americans unemployed while the cheap labor is brought in. It lowers the overall standard of living of our country in those ways and more, and this CANNOT be a good long-term strategy.
I Write Code - I agree, Indians suck balls at coding and customer service. I would be curious to see a cost-benefit analysis these days. Back in 2002 it may have made sense economically, now I am not so sure.
However, if I wanted investment as a whole to continue heading East as part of larger politico-economic strategy it starts to become more clear
A homogenized world of say 5 billion consumers all making $10 an hour verse 1 billion making $30 seems like a no-brainer but what may be missed and what you alluded to is less productivity and may not be factored in.
$10 an hour and inflationary environment means I don't care to work hard as there is no opportunity to benefit outside starvation. So sure I would work to avoid that but not support the growth of the organization I worked for. Nor would I care to be creative and nor do I see Indians behaving that way. There may be the ultimate rub of this round of globalization.
What it is in hifalutin talk is a break in the old social contract. It used to be that no matter where you worked in the hierarchy you would be paid something like the value you contributed - with the corollary that management WANTED you to contribute more. It was kind of a meritocracy.
That is now gone. Nobody wants you to contribute more, certainly they won't pay you for it. Workers, even in hi tech - ESPECIALLY in hi tech - are commodities. You don't expect a grain of rice to contribute extra or be recognized for it. So now the ONLY way you can earn what you're worth is as an entrepreneur. Well, that was always somewhat true anyway at least as a safety valve, but now the main pipe is jammed shut and only the safety valve works, and it's not an easy road.
I don't see it as a win for anybody except the current owners eating the seed corn and calling that a win.
FYI, be careful what you work on, as a software entrepreneur. I thought of a way better search engine and started working on what would have been devastating competition to Google/etc. - and guess what: I had so much crazy shit happen to me that I quickly realized I would get put away if I persisted.
TPTB far prefer that software entrepreneurs build mainly video games (excellent distractions), ideally solitary ones or networked but without the ability to really connect with people and discuss anything with them.
When you dare to build anything remotely 'bothering' for TPTB, I think it is best to work only with lots of visibility, producing open source / immediately shared code and data so that you do not become so much of a target, since if your work to date is public, then offing you 'accidentally', or putting you arbitrarily in prison only guarantees that the project get way more publicity, with others continuing what you started, if worst comes to worst...
So internatial trade armchair economist genius, when is China going to remove it's barrier to the US financial system and when is the US going to hedge our imported oil prices DURING QUANTITATIVE EASING with OPEC's basket of currencies?
Yes, but NPR radio was all over these jobs numbers as proof positive of a full jobs recovery underway. It was commented on by economists as all positive and more proof the US economy is back in growth mode.
Now, they never mentioned labor force participation nor did they comment on the quality of the jobs. i.e. Pay, Benefits, Hour per week. Now, IF you consider the jobs quality and not raw numbers, these so called jobs prove that the economy is dead on arrival and people are slipping deeper into poverty as good paying middle class jobs no longer exist, outside of government and health care. I include all military and spy spending on jobs as Government. ANd then ass in all State, County and City employers, you hav nearly every good paying job being a government job, paid for by the taxes of people with the new piss poor low wage no benefit part time jobs that NPR praised as great for the economy today.
All Media, All Lies, All the time!
This is why I stopped listening to NPR. It is (supposedly) intelligently delivered propaganda for a particular type of the society. It has diverged form the reality a long time ago.
If someone is interested looking how come all this can be happening, there is some glimpse of the long term picture and trend here: http://grandfather-economic-report.com/
NPR
reinforcing bias of the self described smart, low information voters.
but, but, but, they sound so smart!
They're in full praise-mode on MSLSD too...it's sickening! Talking about how great the Obama-economy is because, LOOK at the jobs number, LOOK at the stock market new highs number...LOOK at the numbers! They are bigger, so things must be better, right?
It makes me want to hurl. I'm just so sick of all the bullshit from both sides. No my little Democrats, the economy is NOT better, and you deliberately ignore that by focusing on how some of the numbers got bigger while ignoring what that ACTUALLY means in the context!!
More jobs (bigger number) isn't always good. The "more" consists of low-quality, low-wage jobs, getting more of them is a BAD thing! Get it? It's BAD...NOT good. When THAT number goes up, it is NOT a good sign for the economy...
Stock market number is bigger because it is being artificially inflated from within, NOT because business is better and people are investing. Get it? When the market reaches all-time highs for THAT reason, it is BAD....NOT good!
Democrats, you CAN defend Obama against the ridiculous personal attacks without defending everything he does. Defend him against all the tin-foil hat crap, but don't be afraid to call him out on his own bullshit, of which there is plenty.
And painting THIS as an economy in recovery is total bullshit.
Speaking of LSD, Abby Martin of some goofy 527 overpaid shill org was promoting CNN's employee (prolly from Sunset) wailing about the war on drugs by blaming big pharma.
I be like, "Who knew the liberal CNN goofs (Amber Lyon) had sheets of acid soaked into their skin?"
She prolly thinks she's an orange now, you should see her fake tan.
Sometimes I ask people how they think our existing system can continue where untold millions of government workers make high wages, with golden benefits and a cushy early retirement and it's all paid from the taxes of all the rest of us who increasingly work part time, make lower and lower wages and have few or no benefits. They just look at me like I'm some kind of alien freak talking gibberish.
The general public are really simple-minded. They pick their allegiance, hop on the designated train of thought and then just look for easy to digest reinforcement within their selected group. Even something as simple as pointing out that, yes, there are more jobs, but they are really crappy part-time jobs is complex beyond what they want to hear.
This is why we can never have structural reform. We are split into warring camps of morons egged on by elites who profit greatly from the current wealth transfer system. It's going to have to all break down and be rebuilt.
can someone link to the source for this data:
http://www.bls.gov/news.release/empsit.a.htm
Looking at the part time work portion, I don't see how Tyler got 799k
Use this link:
http://www.bls.gov/news.release/empsit.t09.htm
Difference between May and June, the numbers shown are in thousands:
June 28,018
May 27,219
--------------
799
All you gold bugs said we could pry your bricks form your cold dead hands
well I think we jsut did
Thanks for the clarification, I thought I was losing my mind. Everything I see here in the Midwest is flat or down.
Forget STEM, the skills kids need for the future involve steam pressing black tailcoats, dinner table arrangement, hedge trimming, polo match officiating and champagne tower architecture
Don't live in America, can't stand governments worldwide, don't have agenda or bias..That said, if one looks at the BLS numbers year over year.. 2.1 million fulltime jobs added and about even on the part-time jobs.
Damn colonialist! Why could we not just have remained a British colony. Would have had a really cool accent, have gotten used to a woman reigning over me, and shoot, might have even learned to like soccer.
What? I read nothing about this in mainstream articles. Is everything a scam? I just can't believe this is true. It really is too much. Very depressing.
Yes everything with the Lame Stream media is a scam.
And another thing... there is NO Santa Claus.
Obamacare
Fellow ZH Members:
You can share this with every Talking Head spinning the "Job Recovery" Line....
"THERE WILL BE NO JOB RECOVERY IN THE UNITED STATES UNTIL THE UNITED STATES RAISES TARIFFS ON MANUFACTURED GOODS MADE OUTSIDE OF ITS TERRITORIES."
It's simple as that. The USA is near or at the top of the Pyramid when it comes to Wages/Salaries in General (skewed by the Bankers, over-paid CEOs, Lawyers, Doctors, and Entertainers). The Laissez-Faire Free Trader Model doesn't work well for Wage Earning Residents of Nation States at the Top. Nor does it work for Wage Earners elsewhere(e.g., Factories Migrating after Resources Depleted/Cheaper Wage Location Accessed, Chinese Factory Workers Jumping from Windows/Rooftops); but that reflects more on the Laissez-Faire Model itself.
Agreed.
Well, there is an alternative as you know - there will be a "recovery" when the average quality of life in China exceeds ours, whether theirs rises or ours falls. That's happening now. Of course the "recovery" is from a very low level, but that won't bother the likes of Obama, it's actually exactly what he thinks is The Right Thing To Do.
I agree. But you'd have to have a revolution before it could happen. Globalism and international wage arbitrage is deeply embedded in our economic system now and supported by dozens of treaties and international agreements. Those in charge have built up a web of control that will be very hard to break.
It's too bad Mr. "Citizen of the World" Obammy failed to get China to remove it's barriers to the US financial sector outside of US Treasuries. US Treasuries only finance government corruption- ask Nixon.
The EB-5 is only good for real estate and construction, the Chinese are trying to finance oil exploration and research in the U.S. (some of them ARE smart)...
And of course taxes. The gubbermint has to finance the bailouts and Quantitative Easing somehow!
And the red tape in Venture Capital. And Clinton's goofy regressive progressive regressive corporate tax codes.
If they fixed ALL of that, the US has the trade incentive to attract international investments that would easily fix the bad economy and horrid job market for U.S. Citizens even with Glass STegall back in place.
Too bad the fascist thieving boomer elected coked out stoner drug war inciting, pacifist warmongering economic illiterates can't see the obvious.
Well this explains why the recovery has been so slow. It is a Part Time Recovery.
WTF - Paging Mr. Goebels...looking for someone to tell the big lies...
'07 ---> '14
US jobs growth - ZERO
population rose by 16 million citizens
and shock, not in labor force rose by 13 million..
...and the Fed's "full" employment mandate is nearly met!
2007 BLS release http://www.bls.gov/news.release/archives/empsit_01042008.pdf
Civilian non-institutional population = 233,156,000
civilian labor force = 153,667,000
employment = 146,211,000
not in labor force = 79,270,000
2014 BLS release http://www.bls.gov/news.release/pdf/empsit.pdf
Civilian non-institutional population = 247,814,000
civilian labor force = 155,421 million
employment = 146,221,000
not in labor force = 92,120,000
US population rose from 302 million to 318 million over this period...+16 million people!!!! Apparently all the young retired to make way for the old to keep on working???
And total hours only slightly up from 2007 highs. Basically flat. Same spot but yes more not in workforce - on welfare...
Can someone explain this to me like i'm a 6 year old?
Looking at the Household survey graph.
Using my basic math skills.....it seems just in this last year to this date, we've added 1.9 million full time jobs while adding just 300k part time jobs?
Is that correct?
.
Depends if you use the seasonally adjusted or raw numbers, but something like that.
The problem being that in a year we've also added about 1.4m new workers, plus or minus those lost to the participation rate.
Are you referring to the statement that +900K full-time jobs were added? That is the figure for 2014. The chart includes 2013 and 2014. Your statement is correct, the one I think you are wondering about in the article is also correct.
If your poor or unemployed or can't find a job in the United States the biggest employer is at your local recruiting office for the military machine.You can go off to die for glory in Afganistan or Iraq and any of the other god forsaken places that corrupt politicians send you.It's built-in.Over 50% of the economy depends on war.Trouble is,in a part-time run down economy where Communist Red China controls most of the U.S. debt,the bizarro part of the whole stinking mess is that Commi-Politicians in China are a lot smarter than ISIS supporting politicians like bonehead-pisstank John McCain.John,I saw you get your picture taken with them.It was such a great act.
The next big thing is to define "employed" as people that are employed or receiving food stamps. Equivalent things.
People are retiring early.
They don't have to work anymore.
They just have to apply for welfare and EBT stuff.
Our President loves to give free stuff away.
The Queen's bakery is open 24/7!
Cake for everybody!
But the job market is up compadres! All you have to do is go to Michoacan, Mexico, speak a little bit of spanish, get a beaner last name and you get a job lined up by a pseudo "conservative" in California paying $50/hour to be a maid! As a contractor (tax breaks)... With welfare, ebt, medical for having illigitimate anchor babies! AND you can get a free loan to lease a house to create white flight!
All expenses to smuggle undocumented workers in are all paid.
IT guy made $38 and accountant made $20/hour. Suckers.
We have a statistical anomaly here. In one month the number of jobs increases by 288,000. But in one week, the number of new claims for unemployment insurance come in at 315,000, and the participation rate remains unchanged. Am I missing something?
deleted due to appathy
Ok, I've read the article and all the comments and conclude...it's all very Bullish!
Ahh i dont believe it. This is the result of the seasonal adjustment. Everyone always derides the adjustment when is show the jobs increasing, now it is treated as accurate?
Instead use table A9 and do year over year. June 2013 = 117,400 ft; June 2014 = 119,179 or 1,779,000 jobs gain. 148K jobs per month gain. Not great, but we are not losing jobs. Unless of course the raw numbers are fudged too.
Dont think I am a gvt patsy, I know this is a potemkin economy built on debt. Total debt is increasing again, someday someone who matters is going to wake up and realize it cant be paid back.
I'm a little confused. The BLS report (http://www.bls.gov/news.release/pdf/empsit.pdf) does not show the loss of ~500K. Where did Zerohedge pull this number from?
Do search for full-time, and it is the 3rd instance. Numbers are in thousands. Do the math between May and June.
With Obamacare hollowing out our jobs, the jobs report cannot continue to just report in terms of 'jobs'. So...
Consider that we need, very conservatively, 125,000 jobs per month to stay above water. That's the number of new job seekers entering the workforce monthly, and it could be as high as 150,000 a month, especially at the beginning of summer, which is what this last month was.
Do these jobs numbers from last month actually represent a falling level of employment for this last period? With the massive number of part-time jobs being thrown into the mix we need to think in terms of work-hours, not 'jobs'.
Keep in mind that 125,000 jobs x 40 hours equals 5 million work-hours.
Unlike full-time workers, you can't utilize part-timers at more than 30 hours a week, or you get a $2K fine per instance, courtesy of Obamacare, yet full-time workers could always be asked to work 48 hours a week, for example. It would be interesting to break this last jobs report down into real hours-worked that were lost (in the full-time sector, ~20.1 million at minimum, but doesn't count the amount of overtime those workers worked) compared to the maximum possible work hours of the part-time jobs added which is ~23.4 million work-hours at most, but doesn't account for the fact that these workers will average well under 30 hours a week. In other words, the 523,000 full time jobs only needed to average 46 hours a week to more than offset the 799,000 part time jobs at 30hrs/wk. Again, if those lost jobs averaged 46 hours a week, then that equates to an actual loss of work-hours, assuming every one of those part-timers worked a full 30 hours a week, which is highly unlikely. So, these numbers may represent an actual negative or falling level of employment for the last period!
The difference in work-hours for last month between full-time jobs lost and part-time jobs gained is +3.3 million work/hours gained, at most. That is AT LEAST 1.7 million work/hours less than we needed to give full-time work to the 125,000 or more new job-seekers that started looking for work last-month.
TL;DR? Last month's job numbers were actually a sucking sound in the emaciated chest of a once-great American economy, not an increase in employment.
I find it interesting that the average work-week for Leisure and Entertainment is only ~25 hours/week, averaging all full-time and part-time workers together.
I know of a burger chain that employs a lot of part-time, and their company average is only ~21 hours per week for part-time workers.
Also, governors and mayors are issuing lower hard limits for part-time works so as to avoid the $2K per instance Federal fine. I've heard of limits in the range of 27 to 29 hrs/week. Then that of course means that managers operating under those rules are going to only schedule 26 to 28 hours/wk.
Point is, you end up fully needing two part-time jobs to just equal your former full-time job. Two part-time jobs don't equal 1.5 full-time jobs. IF you actually want to work 60 hrs/wk, you need THREE part-time jobs, AND you only get paid straight-time for those 60 disjointed hours of work, as opposed to time-and-a-half in a full-time employment situation. I.E., this hollowing out of jobs is going to be a significant hit on real take-home wages.