"almost half of new jobs are either part-time or double-counting"... Not what you'd consider a stellar report.
The “it’s not a recession” argument hinges on one number: 3.8% unemployment.
— Peter St Onge, Ph.D. (@profstonge) October 9, 2023
But it turns out counting missing workers takes unemployment to almost 7%.
While almost half of new jobs are either part-time or double-counting.
The jobs we do have are dominated by gig-work,… pic.twitter.com/fTdfT1S6Zs
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