Forbes calls it a “surprisingly strong jobs report”. Yahoo says, “The government reported surprisingly robust job gains in June.” And the Wall Street Journal gushed, “U.S. employers added jobs at a robust clip in June and the unemployment rate fell, signs of labor-market strength as the economic recovery heads into its sixth year.”
Let’s look at the June report itself, shall we?
On the surface, it looks pretty good — according to the Household Survey, 407,000 more people were employed in June than in May. What’s not to like?
I suspect you know where this is going — it’s going further down the page, to the part-time numbers.
There were 1,115,000 more people working part-time in June than in May. With just a little math, we see that that means there were 708,000 FEWER people working full-time in June than in May.
That’s not job creation, it’s division of labor.