June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993 | Zero Hedge:
"Is this the reason for the blowout, on the surface, payroll number?
In June the BLS reports that the number of full-time jobs tumbled by 523K to 118.2 million while part-time jobs soared by 799K to over 28 million!"
Something tells us that the fact that the BLS just reported June part-time jobs rose by just shy of 800,000 the biggest monthly jump since 1993, will hardly get much airplay today.
Because remember: when it comes to jobs, it is only the quantity that matters, never the quality.
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