edthecynic
Censored for Cynicism
- Oct 20, 2008
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This is an example of just how thoroughly the Right can be deceived! Even after I point out that Zero Hedge added the people who only want to work part time to the number they used for people who were converted from full time to part time and even told you the correct table to use, A-8, you are so blinded by your belief that your source is an honest player that you refuse to use the table that separated the part timers into those who want only part time work and those working part time for economic reasons.The perpetual dumb act again, so typical of the High Misinformation Voter.That sounds about right for your level of intellect: Data Not Available.
Good job!
Meister asked why I didn't give a direct link to the numbers and I posted what you get if you try to do that.
What you have to do is use the link I provided to access tables A-1 and A-8 and check off boxes for seasonally adjusted part time workers for economic reasons and non economic reasons in table A-8, and check off the box for seasonally adjusted employed on table A-1. Then you do a little subtraction to get the numbers.
Here is the master link again, you should bookmark it!
Household data series from the monthly A Tables
You do realise that the numbers we are looking at are the numbers from the Household survey, correct? These statistics are different from the establishment survey, although these statistics are all computed by the BLS. The Household survey is the data everyone looks at for the amount of part-time jobs and full-time jobs created from month to month. This is reported in Table 9, not Table 1 or 8. You're looking in the wrong section. Common mistake, but doesn't surprise me a bit.
Table A-9. Selected employment indicators
From June - July 2013, there were 92,000 full time jobs created and 174,000 part time jobs created for in-between these months. Meaning there was an increase in 266,000 jobs according to the household survey. Which also means that 35% of the jobs created were full-time and 65% of the jobs were part time. All one has to do is go back to all the full-time and part-time jobs created between January and this current month.
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222,000 full-time jobs were created from January to this current month. During the same time period, 731,000 part-time jobs were created. Simple addition would tell you that there were 953,000 jobs created from the start of this year. You also don't need to be a math wiz to understand that 731K is a far bigger number than 222K, and also much closer to 953K.
ZeroHedge is not wrong. Your research is just very bad. If you are going to criticise one of the leading financial news post on the internet, you can at least come correct. Instead, you just came off as a bumbling fool who doesn't understand the data he is passing off.
People who only want to work part time, like students, housewives, retirees, etc. have not been "converted" to part time and should not have been included in the calculation by Zero Hedge if they were an honest player.
Let me remind you of what Zero Hedge was using that stat to PROVE:
When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society.