Full-Time Jobs -228,000; Part-Time Jobs +31,000

Tyler Durden's picture

We got the pre-spun job quantity data already, where we learned that nearly 3 times the headline print was due to seasonal and B/D adjustments and is thus nothing but noise. Now we get the quality. As can be seen below, courtesy of Table A9 from the Household Survey, in July the number of part-time jobs added was 31K, bringing the total to 27,925, just shy of the all time record of 28,038. Full time jobs? Down 228,000 to 114,345,000 lower than the February full-time jobs print of 114,408,000. Once again, more and more Americans are relinquishing any and all benefits associated with Full Time Jobs benefits, and instead are agreeing on a job. Any job. Even if it means working just 1 hour a week. For the BLS it doesn't matter - 1 hour of work a week still qualifies you as a Part-Time worker.

Full time and part-time jobs summary:

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TruthInSunshine's picture

Barry Ritholtz just tweeted "nuh uh" in rebuttal.


LMAOLORI's picture



Barry's full of Bullshit both Barry's


'Real' Unemployment Rate Shows Far More Jobless


July jobs report: America’s labor market depression continues





With a rising unemployment rate set to dent President Barack Obama's re-election efforts, the mainstream media is about to go into full-spin mode. They can take their cues from the Bureau of Labor Statistics itself, which announced that the jobless rate had risen from 8.2 to 8.3 percent in July but called the result "essentially unchanged." Look, also, for the media to emphasize that jobs grew by 163,000--without noting that the number is seasonally adjusted to account for one million holiday jobs lost each year at this time, and without noting that June's job numbers were revised downwards radically, from 80,000 to 64,000.




IndicaTive's picture

We haven't hired full-time production workers in two years. We replace the outgoing with part-time workers. The available production part-timers are unreliable at best (failing to show up after a couple of days). So, the production director has started hiring graphic designers. At $9 per hour. Part-time. To do production work. He calls them dandelions. They are always showing up for any kind of work. We hired 3 or so this month and they work 10-20 hours per week.

yearight's picture

What goes around.... You better be the owner or a sister-in-law. Cuz when the pencil keeps getting sharpened your ass won't fit on the erasure and it's bye-bye.

NeedleDickTheBugFucker's picture

The BLS would have been more accurate by saying that job growth was "essentially unchanged".

AGuy's picture

"If you lost your business, You didn't do that! Some else did that for you!"



LMAOLORI's picture



Nah everything's just fine 

Obama’s Golf Buddy: ‘Businesses Doing Extremely Well’



I just don't know who to believe sarc


Global Manufacturers Feel Squeeze From China Slowdown



vast-dom's picture

 Phony numbers phony rally PONZI PLANET. At this stage the only metric to use is FOODSTAMP USAGE and that is THROUGH THE ROOF.

HarryM's picture

 d 13500  next week

AGuy's picture

Its a growth Industry (Food stamps) Perhaps that's why JPM and other TBTF issue debt cards for Food Stamps!

Jlmadyson's picture

Ah the real job numbers. Doesn't look so hot.

LongSoupLine's picture



yeah sure, but that "1 hour a week" salary will get you a few lottery tickets at Wal-Mart.  In BLS thinkology, that's potential for millions of consumer dollars into retail.  Very bullish!

Temporalist's picture

That sounds like California's plan to reduce their budget deficit.

SheepRevolution's picture

There are three kind of lies in this world:

1. Small lies

2. Big lies

3. Statistics

Getting Old Sucks's picture

"3. Statistics"

LOL, that reminded me.  Once I had to take a statistics class in college.  Nobody in the class knew what the guy was talking about and nobody knew what the hell they were doing.  

Nobody failed the course!

Clever Name's picture


In our 400 level Econometrics our final was take home! The professor worked for the F3D as his real job, and teaching undergrad statistics was intellectually beneath him.

Remington IV's picture

fake numbers are so much better

fonzannoon's picture

Hey Zero hedge, please start a TV station. It's time. Between the humor on here and the information you would put everyone else to shame immediately.

scatterbrains's picture

I agree!!  and forget a scrolling ticker at the bottom. Who needs that shit in a completely staged market. Instead scroll the comment section.. now that would be awesome!.


LawsofPhysics's picture

Interesting, seems to me the world could use another "monty python" or "kids in the hall" commentary to help put things in perspective.  Yes, yes, I think so. +1 for you sir.  Now back to stacking things on top of other things, want to impress the boss, don't cha know.

fonzannoon's picture

I say we all chip in twenty bucks and get that RT chick to move over and the ratings will.....shit my stack just fell over...

TruthInSunshine's picture

So, instead of having money (i.e. fiat) honeys, Zero Hedge TV would have stacked stacker babes?

fuu's picture

I might buy a TV at that point.

bdc63's picture

agreeed.  you need to join forces with a half dozen or so of the 'alternative media' guys and start your own network. Maybe Doug Casey can bankroll it. Of course, NONE of the cables companies would carry it ... and, there's the rub ...

BeetleBailey's picture

FUCK cable....ditto Dish and Direct Pee Pee.

Have a subscriber internet site....by pass all the bullshit.

John Law Lives's picture

That is a nice thought.  A dedicated radio program could also be very popular if starting a TV station is difficult.  Hard to imagine ZH would get an overly warm reception from the TV media magnates...

fonzannoon's picture

The south park guys should bank roll it. Truth plus funny.

John Law Lives's picture

That is a very interesting idea.  Those guys, Trey Parker and Matt Stone, don't seem to have reservations about shaking things up.

emersonreturn's picture

instead of a TV station, why not an online live visual, leave the MSM do the camera and sets, ZH doesn't need an array of production costs, simply what it already has visualized, graphics, and for some a few pretty heads, smarter than anywhere else online.

HelluvaEngineer's picture

Honey Badger Market doesn't give a shit!

CClarity's picture

Knight K not going to help.

OT - What is with zipcar?  Down nearly 50% today after more than 10% yesterday?

HelluvaEngineer's picture

You mean besides the fact that it's a stupid idea?

Jason T's picture

average wages should continue to decline in year over year change.. at only 1.5% for non supervisor production workers and in a downtrend.

MsCreant's picture

The hits keep coming!

Debtless's picture

Just figuring out the spin from the reality of the BLS is a part time job. Does that count too? Probably.

Boilermaker's picture

All I know is that I was told that this was positive.

I don't know nuthin about no details.

homer8043's picture

What? No five 1% swings today? So sad.

Seriously, this will reverse as heroin addicts see less heroin coming.

Wreckless's picture

Smoke and Mirrors Baby!

slewie the pi-rat's picture

risk0n anyone?

no surprises

this info came out yesterday:

Challenger Job Cuts



Jlmadyson's picture

Yea, lasting a whole one day at which point another large size Euro country needs a bailout.

trillion_dollar_deficit's picture

The local Nissan plant is now only hiring employees (line, logistics, finance ... whatever) on a contract basis.