Peeking behind those rosy jobs numbers — where have all the full-time jobs gone

I’m sure you heard about how June unemployment dropped to 6.1 percent and employees added 288,000 jobs, seasonally adjusted by the Bureau of Labor Statistics. It was in all the papers. It spurred the stock market to jump.

Here is The Associated Press lede:

WASHINGTON (AP) — A surprisingly robust job market is energizing the 5-year-old U.S. recovery and driving the economy closer to full health.

Employers added 288,000 jobs in June and helped cut the unemployment rate to 6.1 percent, the lowest since 2008. It was the fifth straight gain above 200,000 — the best such stretch since the late 1990s tech boom.

What was not in the papers was that there was an increase, as the summer began, of 799,000 part-time jobs and a shocking decrease of 523,000 full-time jobs. That is a difference of 276,000. Where the number 288,000 comes from is your guess. Maybe it is all a guess. Full-time jobs have grown by more than 2 million in the past year and part-time jobs have remained steady. It is unclear why so many full-time jobs disappeared in one month.

ObamaCare?

BLS chart

BLS chart

24 comments on “Peeking behind those rosy jobs numbers — where have all the full-time jobs gone

  1. iShrug says:

    I was furloughed two hours a week, over two years ago. Guess that makes me a part time statistic.

  2. nyp says:

    If I am not mistaken, the increase in part-time employment was largely in the category of “voluntary part-time”, which is now 4.4% above its level a year ago. “Involuntary part-time” employment is down 7.9% from a year ago.
    To the extent that healthcare reform has anything to do with these numbers, it may be that there are people who can now get insurance from exchanges such as nevadahealthlink.com who prefer to work part-time and now no longer have to work full-time just to access employer-sponsored insurance.

    But it is really too soon to draw conclusions either way.

  3. Yes, it is too soon. But the one month numbers aren’t as rosy as depicted.

  4. Steve says:

    Stop looking at those pesky details!
    Heads like those are supposed to make everyone feel good and start spending money again….though its not fooling me…even though I found employment fast last September, i’m hanging on to my saved money from the lead up to my downsize and the severance money.
    Not spending it at all if possible.

    Misleading headlines are far too easy to check on and the more they “report” like that the worse it will get.

  5. nyp says:

    Nothing misleading about the headline. It was a very encouraging jobs report that indicates that the economy is picking up steam, although we are a long way from fully recovering from the Great Recession.

  6. Steve says:

    “June jobs report shows US recovery is accelerating”

    Yeah right…nothing misleading in that header. Followed by that lede things is just gettin’ dernright rosy, go spend! Spend and spend more!

    Not falling for it. Keeping the money.

  7. Athos says:

    Nothing swells those healthcare exchange numbers like 1.29 million illegal aliens signing up!

  8. Rincon says:

    Month to month figures are not likely accurate enough to draw meaningful conclusions. I’ll bet the margin for error is greater than the month to month changes.

    Long term change is encouraging. We had 7.8% unemployment when Obama took office. It peaked at 10.0. Now it’s 6.1 Interestingly, when Reagan took office, unemployment was 7.5, it rose to 10.8, and then fell to 5.4 by the end of his Presidency. Similar figures, although Reagan heard no jive regarding “true unemployment” and all of that. I wonder what “true unemployment” was under the Gipper. Anyone know? Apples and oranges? http://www.usatoday.com/story/money/markets/2013/08/31/presidential-stock-market-scoreboard-reagan-obama/2750227/

  9. Winston Smith says:

    Lies.
    Damned lies.
    Statistics.

    Haven’t trusted what the federal government says since at least 1913, and not about to now…Bernanke’s “jobless recovery” marches on…

    War is Peace; Freedom is Slavery; Ignorance is Strength

  10. Athos says:

    Difference between Reagan and Pinocchio? Maybe we all need to look at the largely ignored poll numbers that show Americans, by almost 3 to 1, feel this country is not heading in the right direction. (That’s under our community organizer commie-Keynan) Reagan’s days? Don’t have any poll numbers, but Reagan didn’t have to cheat to win his landslide re-election, did he?

    You know in your heart that something is not right. People are apprehensive, not elated, no matter what lies MSM puts out. The only content people out there are the commies, and the anarchists!

  11. bc says:

    Athos, you think Obama cheated to win reelection? Have not heard that and am not sure how he could pull it off. I think it was more a lack of support of Romney from the party, the feeling of many that he was a RINO and they would not vote for him so they stayed home. Then they wonder how Obama could have possibly won reelection. I thought then and still do believe that Mitt would have been a good president.

  12. Rincon says:

    So Winston, does this mean you believe information only if it comes from an antigovernment source?

    Athos is right that Reagan had a lot of positive attributes that Obama does not, but their performance on the economy just isn’t very far apart.

  13. Athos says:

    bc: Cheating, with a huge assist from the DNC media wing:

    “If you like your plan, you can keep your plan. Period.”
    “Benghazi was a result of a spontaneous reaction to an internet video”

    But if you are looking for actual voting irregularities (which is more than AG Holder would do), here’s an article that SHOULD have replaced the “hanging chads” of 2000:

    http://www.wnd.com/2012/11/the-big-list-of-vote-fraud-reports/

    Of course, nothing will ever be done about such anomalies. The voting dead, and multiple voters have been with us since JFK won Illinois and West Virginia. Although it does appear to happen with Democrats more than Republicans. Wonder why that is?

  14. Athos says:

    Rin, their performances on the economy aren’t far apart if you believe what’s being fed to you. Goebbels was a real person that our current rulers seem to emulate. The reason for the big disparity over the direction our country is headed, would be more indicative of what’s going on.

    For all the roses and lollipops our news keepers produce, they can’t convince 74% of the people that everything is going good, can they?

  15. Rincon says:

    Unlike the conservative propaganda that I sometimes see, the news I receive is not being fed to me. I choose my sources primarily for reliability. Your link above is a good example. Who produces and writes WND? Do you know anything about them? ABC News on the other hand, says that there were only 26 convictions for voter fraud from 2002-2005 out of 197 million votes. True or not? If Republicans, who enjoy substantial clout in this country, can’t come up with more convictions that that, they are either extremely lazy or the fraud they keep blathering about is extremely rare. Hearsay and anecdotes aren’t convincing. Convictions are. http://abcnews.go.com/Politics/OTUS/voter-fraud-real-rare/story?id=17213376

  16. Steve says:

    “Hearsay and anecdotes aren’t convincing. Convictions are.”

    Don’t we have to LOOK for lawbreakers to find them?

  17. Athos says:

    Good selection on the news, Rinny. So I guess we should count you as one of the 26% that feel our country is headed in the right direction, yes?

    But then again, I would doubt that the other 74% strictly get their news from WND, or Rush, or Fox News.

  18. Athos says:

    And Steve is correct, once again. Sec of State Ross Miller (D) certified that Harry THE CROOK Greid won his race in 2010. No investigation of illegals voting en masse (thanks casinos!) was ever pursued.

    AG Holder didn’t bust the Black Panthers that intimidated voters in Phillie (in ’08). You really think he’s going to look at any “irregularities” in 2012?

    C’mon, Man!

  19. Rincon says:

    Since Republicans hold about half of the political power in the country, I find it hard to believe that the Democrats are able to quash all attempts to find and convict those engaging in voter fraud. The lack of convictions is more likely to come from an inherent difficulty in catching the perpetrators. Anecdotes and hearsay are apparently more convincing if they come from Fox or WND.

  20. Steve says:

    “The lack of convictions is more likely to come from an inherent difficulty in catching the perpetrators.”

    Slow down,,,take a breather. You are arguing against your point.

    One way to correct that ” inherent difficulty ” would be to have some kind of ID law…

    In Nevada if your signature doesn’t match,,,they ask for ID…if you don’t have any, they send you home to get it. HORRORS! DISENFRANCHISEMENT! Nevada has a rudimentary voter ID law!
    You better get your peeps here fast to end the voter ID racism in Nevada!

    All we have to do here is strengthen that law, but libby peeps start screaming at every single whisper.

  21. bc says:

    When I voted at my local polling place here in the burbs of Chicago, I had to show my ID. Never had to anywhere else I have lived but then this is Chicago. I remember them showing Obama voting on the news a few years back and they asked him for his ID as well.

    But Athos, your citing of WND for evidence of voter cheating? You need to cite someone with more credibility than WND.

  22. Athos says:

    Why, bc? Do you really think credible evidence would compell AG Holder to act?

    Power corrupts. And the sheeple are busy watching TV

  23. Rincon says:

    I support ID requirements for voting.

  24. Winston Smith says:

    Dr. Paul Craig Roberts, former Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal, on the latest unemployment figures:

    http://www.presstv.ir/detail/2014/07/07/370266/virtual-economys-phantom-job-gains-based-on-statistical-fraud/

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