Basically, almost all jobs being supposedly created are part-time jobs.
From the Mises Wire: March Report: The Recession In Full-Time Jobs Is Here According to a new report from the federal government's Bureau of Labor Statistics this week, the US economy added 303,000 jobs for the month of March while the unemployment rate fell slightly to 3.8%. In what has become a familiar pantomime, reporters from the legacy media were sure to declare this a 'blowout jobs report' while Richmond Fed president Tom Barkin described the report as 'quite strong.
Nearly a quarter of new payroll jobs are government jobs.
If we look more closely at this report, what we really find is that the total number of employed persons has fallen by nearly 400,000 jobs in four months and that 1.8 million full-time jobs have disappeared over the same period.
Over the same time period, total 'jobs' has increased by more than 1.7 million.
Over the same eight months that total employed persons has stagnated-and total jobs increased 1.7 million-we find only growth in part-time jobs.
Since August 2023, total part-time jobs has increased by 1.4 million.
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