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Monday, July 07, 2014

PS: Full-time Jobs Level

This depresses me, and hey, it's Monday, so I just have to share. This is the LEVEL of full-time jobs, long view, seasonally adjusted:

Short view:

Yes, it has recently fallen, but if you look at the little sawtoothed formations that have shown up each year at this time post the GR, that is the effect of education jobs plus SA. Our economy is still top-heavy to government and education, and when those campuses shut down for the summer it looms up in the stats. 

So I can't say whether the recent trend to add full-time jobs is still intact or not. It requires a few months.

In service economies, full-time jobs drop off hard after recessions and only recover years later. Only in manufacturing economies do you see the quick fall and quick rebound. 

Next, ACA and employment.

Do this: take the employment level of 25 to 54 year olds and divide it by the civilian non-institutional population of 25 to 54 year olds. No recovery there.
Government and Education are bloated beyond belief. Those jobs only hold as long as the illusion of a recovery does.
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