Jobs report secret outed – more part time, less full time
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Sounded like a good jobs report last Thursday. +288k jobs created in June. Well, of course that’s before people like Mish started digging into the numbers.

It seems that 500k+ full times were lost and over 600k+ people left the labor force. Around 800k part time jobs were created and essentially part timers accounted for all of the job “growth”.

I seem to recall people saying a while back that Obamacare would force employers to drop full time employees and hire part time instead. But that can’t be happening because the MSM keeps telling me these things are not happening or if they are they are totally, absolutely UNEXPECTED and UNEXPLAINABLE! (TM and pat. pending)

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