On 1/13/24 9:10 PM, ScottW wrote:

Swapping full time jobs for part time jobs.

Now quotes, but no attributions.

"Last month, the economy shed a whopping 1.5 million full-time jobs,
the biggest monthly plunge since 2020 when the government made it
illegal for people to go to work. That wiped out essentially all the full-time jobs that had been gained in 2023.

Essentially? Illegal to go to work? Who did that dreadful thing? Who was president in 2020?

December continued the trend of people with full-time jobs having to
add a part-time job to their work schedule, as they tried to make
ends meet. That rocketed the number of multiple-job holders to a new
record high of 8.6 million."

Easier to make ends meet when wage growth is ahead of inflation.

Way to go Joe. BTW....labor participation is also back to where it
was in February. So they can cheer the low unemployment rate...which
is pretty much BS as they AGAIN revised last months new jobs down by
about 1/3.

Labor participation "showed little or no change over the year,"
according to the BLS. Good thing the unemployment vs new jobs claim
isn't a quote as that wouldn't fly even at the sites you read.

"those downward revisions to nonfarm payrolls happened for every
other month in 2023 except for July. Those changes, combined with a
sizeable drop from the annual benchmark revision, effectively revised
away about a quarter of all the jobs initially believed to have been
added last year."

Effectively leaving three quarters of the jobs still counting as part of
three consecutive years of job growth.

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