The graph shows usually full-time from November 2008 to present. Full-time jobs, contrary to what you may have heard, have nearly recovered to the level they were at when Obama was first elected.
Full-time is cyclically higher in summers, so expect a decline in this metric by Christmas. If the pattern of shallower cyclical lows persists, expect a dip to 116 million.
The country is still a long way from a full full-time jobs recovery, however. Peak full-time in 2007 had been in excess of 123 million jobs.
