Don’t be fooled by the everything’s- coming-up-roses coverage that the national media gave the Obama administration’s job numbers last week.
Check it out:
The news headlines said the Obama economy created 321,000 jobs last month, according to the U.S. Bureau of Labor Statistics. But a closer examination of the other numbers, buried in the BLS report, tells a far sadder story.
A large share of the non-farm employment figures were low-paying, part-time jobs among Americans whom the BLS refers to as “involuntary part-time workers.” They’re people “who would have preferred full-time employment” but were “working part time because their hours had been cut back or because they were unable to find a good full-time job,” the government said.