97% of the nation’s net job creation in the last 6 months is part-time work
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 percentof 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.” ***
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.”… Read More