Posted on 07/05/2013 5:36:41 AM PDT by Perdogg
Yeah, that’s the same thing I was reading in another article on ZH:
In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 - an all time record high. Full time jobs? Down 240,000.********
So the quantity of jobs is passable, but if you dig a little deeper you find job quality is awful. Lots of low wage, part time jobs hence the continuing collapse in disposable incomes.
Any way to make Congress and president part time?
In IT as well but not really here in SC. There probably are for those “vital” H1Bs that are quietly hired.
Context: At 195k jobs a month, US would not return to prerecession employment levels until 2021 - Brookings— James Pethokoukis (@JimPethokoukis) July 5, 2013
He is. Can you imagine the damage if he worked full time?
That is why I keep on learning new skills..
Be doesn’t take evil breaks. Lol
Same here. I never turn away a chance to learn anything new.
Credit Intermediation (+6,000) - people falling behind on their debts due to no job(s) or underemployment
Temporary Help Services (+10,000) - lack of permanent jobs available
If anyone in this Administration (or the MSM - but I repeat myself) tries to put a positive spin on these June numbers, I ain't buying it!
This is what the administration saw coming and pushed back ZerOcare to 2015.
Plummeting full-time jobs:
This is how they come up with the numbers. They assume the number of people that "should" be hired in a booming economy and add that to the numbers, rather than count the real number actually hired.
These numbers mean nothing. Take away all the fictitious numbers, add those grossly underemployed or unemployed, and this country is in big, BIG trouble.
I also think the bond market crash is starting, too.
Hope. Change.
The bond market is reacting to strong results which will result in the fed tapering it’s asset purchases.
This fall the economy is going to crash back to the late 2009 levels. Be prepared for this.
Can I ask based on what? In 2008 the catalyst was pretty obvious (collapse of the derivatives market related to mortgage debt and the subsequent freezing of credit markets). What is that catalyst now? Thanks.
And you wonder why Obama just threw Obamacare under the bus?
Libs claiming the GOP created obbbammmacare.
Skill level is dependent in all fields, I just received a new job my field of endeavor does not provide what would be called a promotion. I had to apply for and interview for a new job at a more senior level. However, I have a Graduate degree and 34 years of experience. People like myself are generally looking at around 3 - 4% unemployment. I have turned down jobs in the last year in part because of pay levels and I am too close to retirement to take on a high stress new career type job. The problem with this report is the part time work which I suspect is a lot of summer jobs. In June schools let out and students are looking for work, graduates need something until they get hired full time. This is not such a great report although it will be spun as great news. We are not even breaking even at this point, and to recover fully we need a sustained level of about 3K new jobs monthly. We may soon look like France with more part time workers, high tax rate and immigrant riots as people begin fighting over resources in the urban areas.
It’s more accurately the Obamacare recovery.
They replaced 1 50 hr/wk worker with 2 25hr/wk workers.
Hiring should go down for a while with the delay in the mandate.
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