Monday, August 05, 2013

Most 2013 job growth is in part-time work, survey suggests

A bad sign....a very bad sign indeed.

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.

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