There was a distinctive odor of hype about the newest jobs report from the federal government. Most people will have the impression we created 288,000 jobs in June – meaning full-time jobs. Not so. Full-time jobs plunged by over half a million, or 523,000. What’s increased is part-time jobs. They soared by about 800,000 to over 28 million. Just think of all those Americans working part time, no doubt glad to have the work, but they also have lower pay, diminished benefits, and a lack of job security. And then there’s the effect on self-esteem and the stress of managing a household.
Posted on: Wed, 23 Jul 2014 17:28:13 +0000