The Elder Statement : Multiple Jobholders Hits 21st Century High

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Saturday, November 5, 2016

Multiple Jobholders Hits 21st Century High, As Full-Time Jobs Tumble

By Zero Hedge, Nov. 04, 2016

While today's headline jobs print was somewhat disappointing, with the Establishment Survey missing the expected print of 173K, rising by 161K, it was offset by upward revisions to previous months. But while the quantitative headline aspect is open to interpretation, the qualitative component of the October jobs print was - just like in the case of September - all too clear: it was ugly, again.

Recall that in September, the Household Survey revealed that the number of part-time workers soared by 430,000 as full-time workers actually declined by 5,000. The trend continued in October, when another 103,000 full-time jobs were lost, which was offset by a 90,000 increase in part-time jobs. In other words, the transition to a part-time worker society appears to have resumed after a hiatus.

Read More: http://www.zerohedge.com

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