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Part Time Nation

The new job numbers for March were strong with 300,000 jobs added in the establishment survey and 500,000 in the household survey. But those positive headline numbers camouflage a very disturbing trend in the labor market. Almost all of the new jobs on the net are part-timers. That means a part-time paycheck.

Stock market advisor Stephanie Pomboy of MacroMavens has analyzed the number and reports that in the last four months, the labor market has LOST 1.8 million full-time jobs.

Here is a handy summary for the past year:

      • Overall payrolls up 1.9%
      • Part-time jobs up 7.5%
      • Full-time jobs down -1.35%

How many of the 300,000 jobs are double counting people holding TWO jobs?

Unleash Prosperity Hotline


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