There were high fives last Friday when the BLS reported a level unemployment rate and – based on the employer survey– 195,000 new jobs.
The numbers from the household survey were less rosy … a gain of 120k jobs.
Still, positive job growth.
Here’s the rub …
The new jobs (and more) were part-time jobs … up 360k on the population survey.
In fact, full-time jobs declined in June by 240k jobs.
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Let’s put those numbers in a historical context …
The Homa Files 