Full-Time Jobs Tumble By 367,000, Biggest Drop In Three Years

Friday, June 2, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jun 2, 2017

While on the surface, the payrolls report, the wage growth and the unemployment rate (which dropped for all the wrong reasons) were disappointing, a quick look inside the underlying data reveals even more troubling trends, such as that in addition to the number of employed workers dropping by 233K according to the household survey, the composition of these jobs raised even more red flags because in May the US lost 367,000 full time jobs offset by the gain of 133,000 part time jobs.

And in this context, we are happy to announce that while manufacturing jobs once again declined by 1,000, the waiter and bartender recovery continues to hum along, with 30,000 workers added in “food services and drinking places.”

The Rest…HERE

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