I was reminded this morning of an unsettling (to put it mildly!) unemployment figure that crossed my desk early last month from a reputable source. This report slipped between the digital cracks in my computer, but now I’m getting it out there.
Here’s a salient excerpt summarizing this news, from a Forbes article:
“Over the last six months, of the net job creation, 97 percent of that is part-time work,” said Keith Hall , a senior researcher at George Mason University’s Mercatus Center and one-time Commissioner of the Bureau of Labor Statistics in the most recent Bush Administration. “That is really remarkable.”
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As the Forbes article below reports, other studies claim that it’s “only” 77%. Even with that lower figure, this largely explains why the nation’s unemployment numbers are improving while the economy — not so much. Remember, if you work only ONE hour a week, you are no longer designated “unemployed.”