This week will be data-heavy as investors navigate an initial reading on Q2 GDP, the monthly jobs report, an FOMC meeting, and continued corporate earnings.
With the July jobs report on deck for Friday, I wanted to highlight some statistics published in a WSJ article written by Mortimer Zuckerman (thanks to subscriber John D. for the link). In his article, Zuckerman breaks down the most recent jobs report and provides some context to the headline figures.
The June report showed an increase of 288,000 jobs, but there is a dark trend beneath this figure. Specifically, Zuckerman notes that during June 523,000 full-time jobs were lost while roughly 800,000 part-time jobs were created. The net effect being a creation of 288,000 "jobs." He also points out that involuntary part-timers now amount to 7.5 million, a large up-tick from 4.4 million in 2007.
He places partial blame (correctly, in my opinion) on the Affordable Care ... Log in or subscribe to continue reading.
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