From the Real Time Economics blog at the WSJ.com:
Job growth was weak in May. Just as bad: the type of jobs the economy did manage to add....
... the job growth is coming entirely from workers getting part-time jobs. The number of Americans working full-time fell by 266,000 in May, erasing all the gains of the past three months.
The total employment figure only rose because 618,000 more people got part-time jobs. Many of those people would rather be working full-time: The number of people classified as “part time for economic reasons” — meaning they’re working part-time because they can’t find a full-time job — rose by 245,000 to 8.1 million.
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Link: http://blogs.wsj.com/economics/2012/06/01/even-mediocre-job-growth-coming-from-wrong-places/?mod=WSJBlog&mod=marketbeat
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