Full-time employment has fallen, replaced by involuntary low-paid part-time work

[brentspeak]

http://www.theatlantic.com/business/archive/2013/07/please-dont-be-satisfied-with-this-jobs-report/277547/

Please Don't Be Satisfied With This Jobs Report
The labor market continues to be consistently, maddeningly mediocre.

Jordan Weissmann Jul 5 2013, 11:19 AM ET

(snip)

You can see the weakness of the job market all over the current report as well. The government's broadest underemployment measure , known as U-6, jumped from 13.8 percent to 14.3 percent, thanks a huge leap in the number of employees working part time because they couldn't find full-time work. Meanwhile, hiring in middle-income industries was weak. Construction employment only rose 13,000. Manufacturing payrolls fell, right along with state and federal government. And the economy is making up for it largely with retail and restaurant work.

No surprise that manufacturing payrolls fell, thanks in no small part to the US/South Korean "free tract" deal that Obama signed last year. The huge jump in involuntary part-time employment has apparently been exacerbated by business reaction to Obamacare, though that's not the only reason.

[byeya]

1. It's always smart to look at U-6 which correlates pretty well with the depth of misery in the land

rather than the headline U-3. U-3 is certainly important but U-6 and the % of participation in the labor market paints a clearer
picture of the state of working people.

[AgingAmerican]

2. Wages fell by 3.8% in the first quarter this year

The biggest drop in history. All of this is happening as predicted. Welcome to the future.

[WestStar]

3. What are you on about? Haven't you seen the Pic Of The Moment?

http://www.democraticunderground.com/1017129632

Happy days are here again
The skies above are clear again
So let's sing a song of cheer again
Happy days are here again
Altogether shout it now
There's no one
Who can doubt it now
So let's tell the world about it now
Happy days are here again

Get on board!

[HiPointDem]

4. kr

[NaturalHigh]

5. Thanks for the link.

Everybody needs to read this before getting all giddy about the latest jobs report.

[byeya]

6. If a worker falls under the 30hr/wk, it's tougher to enroll in the ACA I think