Unemployment holds at 7.6% !! 195,000 jobs added!!! Now turn that frown upside down ….[Darleen Click] | protein wisdom: "As a reminder: jobs have quantity and quality components. The quantity component was good enough to convince the 10 Year the taper is imminent (if not stocks, which continue to trade dislocated from any and all fundamentals). But how about the quality? In a word: not good. In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 – an all time record high. Full time jobs? Down 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs. And there is your jobs “quality” leading to today’s market euphoria (if only for now)."
That means that even holding aside the droves of people leaving the workforce, only 20% of the paltry numbers of new jobs created this year are full time. Have some more choom.
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