WASHINGTON — The July government employment report released Friday showed the job market treading water.
And a closer look at one of the two measures the Labor Department uses to gauge employment suggests that part-time work accounted for almost all the job growth that’s been reported over the past six months.
Employers added a weaker-than-expected 162,000 nonfarm payroll jobs in July, according to the Establishment Data Survey, which relies on reporting by a large sample of businesses.
Monday, August 05, 2013
A bad sign....a very bad sign indeed.
Posted by traderrob at 7:59 AM