It has been a while since we looked into the employment numbers … long overdue.
I was awakened by a WSJ article that put a positive spin on the November jobs report – jobs continue to be added …. and, they’re full-time jobs:
“The economy has seen a net gain of more than 6 million full-time jobs since the official end date of the 2007-09 recession, which was in June 2009. The economy has witnessed a net increase of just 311,000 part-time jobs over the same period,”
Hmmm.
Let’s dig a little deeper.
What the Journal says is true, but not complete … and picking to start the chart at the trough of the recession obscures some of the context.
The Homa Files 