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The August 2014 Unemployment Situation September 5, 2014

Posted by geoff in News.
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Today’s employment situation report generated a lot of negative buzz, because it shows a drop in job creation. But looking at the Household Survey (as I do every month), it looks like we actually added a significant number of full-time jobs, since the number of part-time jobs dropped by 370K. Here’s the updated chart:

FullTimeEmpvsCivPopSep2014

So we continue on our painfully slow pace back to normalcy, praying another recession doesn’t hit before we get there. Personally, I don’t think we’ll make it.

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