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Part-Time Jobs Surge By 161,000; Full-Time Jobs Tumble By 349,000
While the kneejerk reaction algos were focusing on the +223K jobs number reported by the Establishment Survey, few if anyone notched that the Household survey reported a decline of 56,000 workers in June.
But what's worse, is that according to this survey which according to some is far more reliable than its peer, the composition of the US labor force once again deteriorated rapidly with part-time jobs added in June surging by 161,000 while the number of full time jobs tumbled by 349,000.
Putting this number in context, while the total number of US workers has long since surpassed its previous crisis high, the number of full time US workers has yet to overtake its November 2007 lever of 121.9 million, and in June dropped to 121.1 million.
Why is this a problem: because while the US still has 800k full-time jobs to go to at least regain the prior peak, during the same time period the US civilian, non-institutional population has risen from 232.9 million to 250.7 million: an increase of 17.724 million!
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Exceptional! We are more exceptional than ever! ;-)
Looney
on a more important note Kaitlin was seen at an upscale beanery last nite with her new squeeze Lindsey Graham
those crazy republicans
crazy PROGRESSIVE republicans....that hates the tea party.....fixed it for you.
Boy did they throw a big drunk after that Obamacare ruling.
Once again our chocolate ration is increased by our benefactors and the crowd loves it. My God we have become (collectively) dumber than a box of rocks.
"boy did they throw a big drunk..."
You got that right, They still can't figure it out on their own... don't want to actually. They dodged a bullet and now they can just keep bitching instead of coming up with an actual Plan. See, everything works out.
"They dodged a bullet and now they can just keep bitching instead of coming up with an actual Plan."
100 attempts to repeal.
0 attempts to OFFER and LEAD THE FUCKING WAY TO SOMETHING BETTER!
Remember, someone with 2 part time jobs gets counted as two people with one job.
We are so screwed.
Ahhhhh yes, take a look at that recovery, all brought to you by someone who most likely has never taken a basic economics course. The sad part is my idiot brother who refuses to believe he has a huge health insurance deductible for him and his 2 kids would vote for him again. Ignorance must truly be bliss...
Until one of them needs an operation, then he'll be banging on your door begging to loan him money to cover his deductible.
Better than him begging you to cover the whole cost.
I figured you wouldn't get it.
Indeed, especially as hospitals are now making sure that the deductibles are being paid up front as they don't want to be left holding the bag...
Bogus employment numbers have become a staple of the o administration.
The CES Birth/Death model estimated +213,000:
http://www.bls.gov/web/empsit/cesbd.htm
All of these phoney numbers were not begun with the O administration. It really started in earnest with JFK and the Warren Commission cover-up. Governments do what governments do best- LIE!
Here is what is considerably closer to today's reality ... http://www.inquisitr.com/2218523/david-stockman-says-unemployment-is-rea...
It can never be zeros fault. Ever. In spite of the obvious rise since his election in the non participation rate. Don't look at the charts and make any judgements. Nope. It's never ever ever his fault. You must keep his failures close to the vest. Forward soviet.
Fortunately, part time wages have doubled to $15. amirite?
Fauxonomy..
U.S.GAY! U.S.GAY! U.S.GAY!
Just thought of that did you? lol.
Can't find a job...but I can now get married to any pretty boy I see.
USA....we're really something.
BTFD....Yellen has our back. No risk in the market.
/sarc
"Yellen has our back"...
And is working her way lower with her strap-on!
I read that most of the growth on our country is retirees - those 18 million (250 - 232) new Americans are retirees, coming from South America to get away from the heat in their twilight years. Ironically, they mostly go to FLA because they get homesick.
Part-time economy with a debt and print happy Federal Reserve.
The Fed's solution is to utilize Zimbabwe economics.
Just wait until those burger flippers start getting $15 an hour, we'll really start to see the the "amazing job creation machine" in the U.S.S.A come grinding to a halt.
Ah, but the robot burger flippers and cashiers who replace them will be flush with cash. I'm investing heavily in robot bars and brothels to exploit the next consumer boom.
Double the part-time jobs! They'll need an employee to cook each side of the hamburger!
29.5 hours max baby! Eight managers working 39.5 hours/week, and en extension to the A.C.A. that allows employers to not contribute until 2025!
"Would you like fries with that" graduates with $80K in debt in Grandma and Grandpa's basement with Mom and Dad!
Amurika!
Thank you zerO'bummer care. I am thinking that not only should the Supreme Court be forced to be on zerO'bummer care they should also be forced to work part-time.
Please keep posting the chart of full time jobs only...
That's all we need to see. College graduates do not aspire to part time jobs.
You're right, but when that is all that is offered, we take them.
I have a Trillion dollar coin I'd like to sell you.
I had to look at the fever swamp for their reading on these numbers - I could have predicted .... These numbers could have been better...The Do-Nuthin's just need to pass Obama's infrastructure bill... This is the 'just right' number, don't want to get back to boom and bust ....
We're so f*cking stupid as a nation.
Winning so hard that it hurts
Warren Buffet needs a new yacht!
Jon Corzine is running out of cash!
Jamie Dimon needs a bonus for his Daughter's BMW!
Don't you people have a heart!?!? Just think of the trickle down!
So what if it's part time at $10/hour! Get on WIC and take the bus!
New York needs more high rises! California needs more burrito joints and overpasses!
Get back to work you donkeys! Amurika!
https://www.numbersusa.com/solutions/end-chain-migration
Great, more disenfranchised, low income, low IQ, turds to vote for a higher minimum wage.
Going long robot repair centers
every time I go, I go long....that's just me, though...as for you, you probably go short, just my guess
"Putting this number in context..."
And it is happening on the cusp of another recession.
Time to blame Putin and get this damn war started to get full time up!
This is why we need minimum wage at $97/hr. Part time workers need a living wage. ... that wont have any effect on unemployment, just ask Puerto Rico.
Americans are being punished for turning against God.
hey, I'm a Christian too but I'd say it's more likely that Amerikans are being punished for turning against common sense, (let alone God)
A Christian criticising others for a lack of common sense...is this the Onion?
The 40-hour work week is over. Cut it to 30.