“As a reminder: jobs have quantity and quality components. The quantity component was good enough to convince the 10 Year the taper is imminent (if not stocks, which continue to trade dislocated from any and all fundamentals). But how about the quality? In a word: not good. In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 – an all time record high. Full time jobs? Down 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs. And there is your jobs ‘quality’ leading to today’s market euphoria (if only for now).”
Related posts:
NSA Can 'Easily' Break Cellphone Encryption, Report Says
Selling Syria: White House pleads with Congress for 'limited' strikes
Krugman: "The Employment Story is Highly Unimpressive"
Canadian Law Bans Concealing Face At Protests
CIA Dismissed Snowden After Suspecting Him of Internal Hacking
The Revolutionary Quantum Computer That May Not Be Quantum at All
Additional $2.1M Seized from Mt. Gox Accounts – Now Over $5M Total
Obama Seeks to Reshape Neighborhoods With Housing “Diversity”
Feds vs. Raisins: Small Farmers Stand Up to the USDA
Wells Fargo Lays Off Mortgage Workers. Why? Rising Rates.
Ohio Appeals Court Forbids Traffic Stop Over Unpaid Parking Tickets
Ten Thousand Commandments 2015
8 arrested in Huntington Beach as surfing crowd trashes porta-potties after event
Global terrorist organizations begin to respond to last week’s marijuana votes
Coinbase Just Debuted the First Bitcoin Debit Card in the US