America's working age population went up by 165,000 during February. Despite this, a net 130,000 people dropped out of the labor force, continuing the most worrisome trend of the Obama years. The number of people with full-time jobs fell by 212,000, while 382,000 Americans took part-time jobs, thus producing the reported 170,000 gain in total employment (which includes everyone who worked at all). "Full-time-equivalent" (FTE) jobs, which we can approximate as the number of full-time jobs plus the number of part-time jobs divided by two, fell by 21,000.
Comment:
The numbers make good headlines, but a deeper look shows it's not what it's hyped up to be.
No comments:
Post a Comment