The business wonks all applaud an improving job market. A decrease in unemployment applications this morning by 4,000 was met with accolades.
Overall, 41% of Americans are out of work, an all-time high. 330,000 people got pink slips last week. That’s good?
One thing that has always bothered me is that a part time job, no matter for how many hours per week, still counts as a job in these statistics. There are roughly 7 million people who work part time but want full time work. The following chart indicates there are 27 million part time jobs overall.
How many of these 27 million jobs are workers who have 2 or more jobs to make ends meet? Each of these jobs is counted as a separate job in the official government data.
I searched the web to find how many of the “employed” workers in the statistics are part time workers.
I noticed a strange thing. Above is one of many graphs I found comparing part time and full time jobs. However, I could find no graphs of current data as of January or even December. They all stopped roughly last summer.
I suppose the Big Brother of political correctness decided at that time that having a part time job is as good as having a full time job.
Last summer is about the time that the current “improvement” in the job market began. Seems to me the only thing that changed was collusion by the business community to adjust their metrics.
