Peak full-time was 121,875K in November 2007. There are now more non-farm payrolls than ever (139,118K).
I certainly don't dismiss your conclusions but want to make sure you have the numbers right,
i took the 155m from memory... which was from this post 2 months ago:
http://www.freerepublic.com/focus/news/3175813/posts?page=9#9
some investigation turned up these govt numbers:
http://www.bls.gov/cps/aa2007/aat23.txt
140m full time jobs in 2007.