(Please note that you may find an earlier discussion of the importance of U-6 as a measure of the real labor market situation in this blog post and discussion from Februaryl–KSH).
Voluntary plus involuntary part-time employment rose by a whopping 441,000 jobs. Take away part-time jobs and there is not all that much to brag about. Indeed, full-time employment fell once again, this month by 148,000.
Read it all and there is another article there. For the table of all six employment/unemployment measures, you may go there.
We are in the RINO Zone: recovery in name only
Manufacturing growth is static. Full-time jobs are being scaled back to part time and magically below 30 hours [hummmm, wonder why?]. The only wealth being created is paper wealth in the stock market which may fizzle when the Fed stops pumping printed money into the economy.
And what will collapse the whole thing? If interest rates head up. Higher rates will not only increase the cost of doing business, it will put a vise-grip on Federal spending to service our 16T dollar debt.
Unfortunately, the mainstream media have either drunk the Kool-Aid or are manufacturing it, and the average voter is only hearing the Pravda version of the truth. I listened to ABC News on the radio on the way home from work, and they posted a glowing report. I daresay the other networks, MSNBC, HNN and CNN are doing likewise.
What is happening is many businesses are laying off their workers and only hiring part-timers to stay under the Obamacare limits. So it looks like employment is going up but what is really happening is conversion of full-time jobs into part-time jobs.
Well, the media has two full time jobs now;
1. Protect the Boy King, just like Sophy0075 wrote, pravda in action.
2. Protect Hillary from Benghazi incoming as the truth makes its slow ascent into the news.
What there is no way to determine is how many people have gone through their unemployment and have given up. Also there are the probably millions of UNDER-employed.