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| seasonally-adjusted full-time, 2007 peak to now |
Mish is wrong about full time employment being down. It's up.
Here's Mish:
"Voluntary plus involuntary part-time employment rose by a whopping 441,000 jobs. Take away part-time jobs and there is not all that much to brag about. Indeed, full-time employment fell once again, this month by 148,000."
In the seasonally-adjusted category, full-time is up 150,000 in April from March. In the not-seasonally-adjusted category, full-time is up 878,000 between March and April! Usually-part-time is flirting with its highs again but is not yet at a new high above the March 2010 level of 28.106 million.
That said, what really counts is that despite some improvement in the figures, the fact is full-time employment remains either 7.5 million off the 2007 peak in not-seasonally-adjusted terms, or 5.8 million off the peak in seasonally-adjusted terms. But part-time is not yet meaningfully above its peak levels to be able to say ObamaCare is part-timing the country at the expense of full-time jobs. The trend up in full-time has been in fits and starts and has been wholly inadequate, but it is up since 2010.
