Blog | How many of the jobs created this year (321,000 in November) are full-time? Almost all of them.
Update:
Another data point:
How many of the jobs we’ve been creating are full-time? The answer: most of them:
From the piece:
The economy has seen a net gain of more than 6 million full-time jobs since the official end date of the 2007-09 recession, which was in June 2009. The economy has witnessed a net increase of just 311,000 part-time jobs over the same period, according to Labor Department figures .
Looking back over the last year tells a similar story. There were 2.5 million more full-time workers in November than one year ago, compared with around 309,000 more part-time workers.
Friday’s survey did show that the number of full-time workers ticked down in November from October, but that survey tends to be volatile from month to month. Over the past three months, there are 866,000 more full-time workers, compared with 27,000 more part-time workers.
It’s true that during the recession and in the first few years after it ended, employers added many more part-time workers than full-time workers. That hasn’t been the case for about three years.
Earlier:
In overlooked and under-appreciated news, the economy added another 321,000 jobs in November while the unemployment rate remained at a healthy 5.8 percent.
That makes 10 consecutive months the economy has produced at least 200,000 jobs - not seen since the Clinton-era boom - and is on pace to have the best yearly job growth in 15 years.
And it continues an unprecedented string of monthly private-sector job creation that began more than four and a half years ago as we came out of the Great Recession.
This is happening as other major economies in the industrialized world are struggling to show any real growth and as the U.S. deficit has continued to fall and is now only roughly 2.9 percent of GDP, which is about where economists want it.
Shh!!! Don’t tell anyone about all of the records broken by the stock market this year, or about the falling oil and gas prices and lack of any real inflation, or that teen pregnancy is at an all-time low - as is the abortion rate - and the violent crime rate, along with divorce, is also falling.
And here: American employment surged in November
My question: Who is willing to admit that had this been happening under a President Romney - GDP is growing at faster than a 4 percent clip - most of those trying to ignore this positive news under President Obama would be singing a different tune?
“This is why we needed a businessman in the White House!” they would have declared.
No?
Or maybe we should just give all the credit to the soon-to-be fully GOP-controlled Congress, even though this began before Republicans took over the House or Senate?
Note: I made a correction. I earlier wrote that we created at least 200,000 jobs for 8 consecutive months.
This story was originally published December 5, 2014 at 9:33 AM with the headline "Blog | How many of the jobs created this year (321,000 in November) are full-time? Almost all of them. ."