Monday, July 07, 2014
PS: Full-time Jobs Level
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.
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