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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (176976)12/6/2014 9:03:16 PM
From: Jack of All Trades5 Recommendations  Read Replies (1) of 224757
 
Hold On: Jobs Report Wasn't So Great After All
By Jeff Cox

Consider it a brutal lesson in government math.

<snip>
A few figures to consider: That big headline number translated into just 4,000 more working Americans. There were, at the same time, another 115,000 on the unemployment line. That disparity can be explained through an expanding labor force, which grew 119,000, though the participation rate among that group remained at 62.8 percent, which is just off the year's worst level and around a 36-year low.

But wait, there's more: The jobs that were created skewed heavily toward lower quality. Full-time jobs declined by 150,000, while part-time positions increased by 77,000.

<snip>

nbcnews.com
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