The June, 2014 Unemployent Number - They Have No Shame

While the financial press was fawning over the 287,000 jobs the government claimed were created in June, they over looked one interesting nugget in the jobs report, to-wit, the rise in the number of people who worked part-time.

While it’s a number that admitted moves wildly from month to month, it jumped by 799,000 last month, which was the largest one-month gain since January 1994. At the same time, there was a 523,000-person drop in full-time workers, the first decline since October.

This was the good news heralded by government and its PR agency, the mainstream press.