Friday's jobs report got some early good reviews. I remember hearing a radio report that employers were hiring again and that "maybe" the economy was turning around.
Unfortunately, the jobs report was all about the number of Americans who are working part time rather than full time.
The WSJ has a great editorial called "Part time America":
"Also disappointing is the big jump in the number of Americans who want to work full time but could only find part-time work. That number leapt to 8.23 million, a 322,000 one-month increase. Total part-time employment rose by 432,000, more than double the total number of net new jobs."
The news media celebration was way premature.
Why are so many companies hiring part time workers? I believe that the answer is all of the uncertainty of ObamaCare.
Click here for Monday's show with Dr Ileana Johnson-Paugh, author & economist:
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