Employment: Full Time Down 500K, Part-Time Up 799K

By: Annalyn Kurtz (CNN) and Greg Palmer (WIBW)
By: Annalyn Kurtz (CNN) and Greg Palmer (WIBW)

WASHINGTON The American jobs recovery is being promoted, but there are some possibly contradictory numbers deeper in the report.

The U.S. economy added 288,000 jobs in June, marking the fifth straight month where employers added at least 200,000 jobs. The last time that happened was in late 1999, as the dot-com bubble was inflating.

Economists surveyed by CNNMoney had predicted that 200,000 jobs were added last month,

Meanwhile, the unemployment rate is now 6.1%, down from 6.3% in May. Economists were expecting the unemployment rate to stay at 6.3%.

Another sign of good news for those who currently have jobs is that pay is on the rise. Hourly wages ticked up 0.2% in June and are up 2% in the past 12 months. Federal Reserve chief Janet Yellen has mentioned concern that wages aren't growing as rapidly as needed.

The raw numbers indicate that nor people are working in the United States with total 146,221,000 employed compared to the previous high of 146,047,000 in 2007. However the the 2007 population was 231,867,000 compared to the current population of 247,814,000.

The number of people reported as unemployed now stands at 9,474,000 with 92,120,000 not in the labor force, up about 110,000 from May when it was 92,009,000 an increase of more than 13,300,000 in 2007 when only 78,743,000 were not in the labor force.

The percentage actually "In Civilian Labor Force" has been stuck at 62.8% since April of 2014, compared to 66% in 2007.

You can check these raw numbers from the government by CLICKING HERE

The question is how did this increase in employment happen? According to the BLS, seasonally adjusted full time employment actually dropped from 118,727,000 in May to 118,204,000 in June.

Part-time employment jumped from 27,219,000 in May to 28,018,000 in June.

You can find these BLS labor statistics for yourself by CLICKING HERE

Posted and updated by Greg Palmer


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