(WSJ RTE Blog) Even Mediocre Job Growth Coming From the Wrong Places

Job growth was weak in May. Just as bad: the type of jobs the economy did manage to add….

…the job growth is coming entirely from workers getting part-time jobs. The number of Americans working full-time fell by 266,000 in May, erasing all the gains of the past three months. The total employment figure only rose because 618,000 more people got part-time jobs. Many of those people would rather be working full-time: The number of people classified as “part time for economic reasons” ”” meaning they’re working part-time because they can’t find a full-time job ”” rose by 245,000 to 8.1 million.

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Posted in * Economics, Politics, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--