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To: tanknetter
re. 800,000 new part time jobs offsetting a loss of 525,000 full time jobs for a net gain of 275,000 jobs.

Do they just do a raw number comparison and treat part time jobs as the equivalent of full time?

Assuming a full time job is the typical 40 hour week, and the business needs to cover the same amount of hours, if each new part time job is 29 hours the 800,000 part time jobs would be the equivalent of (800,000 * (29 / 40)) 580,000 full time jobs, a net gain of 55,000 jobs.

If the average new part time job is 20 hours a week, you have the equivalent of 400,000 full time jobs, a net loss of 125,000.

19 posted on 09/16/2014 10:13:26 AM PDT by ken in texas
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To: ken in texas

Yes, they lump all the jobs together to create their numbers. I’m not sure what the threshold is, off the top of my head, for full vs part time.

Also, Don’t know where on bls.gov the breakout between the two is. They don’t include it within their normal press release, altho they do include part time workers who would rather have full time jobs.


23 posted on 09/16/2014 12:20:57 PM PDT by tanknetter
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