Part-Time Jobs Soar By 430,000 As Multiple Jobholders Surge To August 2008 Levels
by Tyler Durden
ZeroHedge.com
Oct 7, 2016
While today’s headline jobs print was somewhat disappointing, with the Establishment Survey missing the expected print of 175K, and growing by 156K, it was offset by a far higher 354K jump in the household survey which offset last month’s weakness. But while the quantitative headline aspect is open to interpretation, the qualitative component of the September jobs print was clear beyond a doubt: it was ugly.
First, looking at the reported composition of jobs, while full-time jobs actually declined by 5,000 to 142,296K part-time jobs soared by 430,000…
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