financialsense.com / TIM DUY PHD / 08/09/2017
Along with every decent employment report comes the efforts to debunk that report. I see that an article from Pedro Nicolaci Da Costa at Business Insider is making the rounds tonight. In it, Da Costa directs us to this in particular from Komal Sri-Kumar:
The plight of low-income workers is underlined by yet another statistic. According to BLS numbers, 7.6 million workers held multiple jobs last month, up 2% from 7.4 million in July 2016. The principal reason workers hold more than one position is that no single job provides a sufficient income. In a robust economic recovery, the number of full-time workers should be rising, and the number of workers employed part-time or holding multiple jobs, should decline. The rise in the number of multiple job holders is troubling, and is yet another signal that there is still slack in the labor market. Are we there yet? No, we are still far from full employment.
Let’s look at a picture of this one:
The post Multiple Jobholders Are Not a Weak Spot in the Employment Report appeared first on Silver For The People.