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Part-Time U.S.A.: The Numbers Behind Friday's Non Farm Jobs Report

“I tried for modeling work but it was a bit slow and that’s when I took a part-time job at McDonalds. It gave me income while I was waiting for my big break and at the very least I could eat.” Sharon Stone

Friday as the jobs report was being released Ryan Sloper and I were doing our weekly podcast.

In real time we saw the headline non farm payroll number come in better than expected and speculated the bond, gold and silver market would react negatively as a positive job number might mean the dreaded tapering of quantitative easing (QE) by the Federal Reserve might begin soon.

We also speculated that the job number might not be as good as it seemed as many of the jobs created might have been part time work. Moments later we saw that the underemployment rate rose from 13.8% to 14.3% confirming our suspicions.

We noted that the market, at least on Friday, would pay attention only to the headline "solid" jobs report. The bond, gold and silver markets sold off on Friday. The stock market cheered the "good news".

BUT....

The Part Time Recovery by the Numbers

Investor’s Business Daily broke down the state of our part time employment economy this way:

http://smaulgld.com/part-time-usa-how-part-time-employment-i...

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Gold and Silver up today

maybe the part time job data will convince people tapering is not inevitable

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Link is fixed

http://smaulgld.com/part-time-usa-how-part-time-employment-i...

Was going to an oops page-but Word Press gives you a list of the most recent posts

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If the Fed and market take another closer look

at Friday's job report they will realize it is HORRIBLE-all part time jobs.

That will lead them to call off the taper and continue the QE.

Thoughts?

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I call this the "WalMart Business Model"

WalMart is working toward a goal of a MAXIMUM of 30% full-time employees, and the rest as part-timers. The company is beholden to the stock-holders and the price must always rise...how can they do this? By cutting everything the costs money. Sam Walton used to brag about how everything in his stores was American-made. Now look....
The company is becoming all Chiefs and no Indians...just like government.
This business model is what so many other corporations have fashioned their own models from, that it has become a trend. Those with seniority get fired first. Those who have been in the company too long (and too many raises) will be replaced by minimum-wage zombies and we'll all complain to deaf ears about the customer service...and so it goes.

------------------
BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry

so they spent a few trillion to create

a few hundred thousand part time jobs?

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Housing Recovery?

Do they give mortgages to part time workers?

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Someone asked this below, but it bears repeating: If fulltime ..

work is lost, and replaced with part time work, isn't that really a net loss?! And Why did Pelosi say of Federalized Romney/Obama-care that 'we have to pass the bill to see what is in it'?!?!? What about reading the bills first Nancy? Or is that above your paygrade?

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

yes its a loss that is hard to

regain

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Will the market digest this information on monday

and realize that the fed can't taper as it can't claim it "fixed" the employment situation?

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Gold and Silver up sharply this morning

realization that taper is not imminent as job report really was poor?

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The talk of taper is a joke.

The fed has doubled the money supply every 7.6 years for 99 years.

It's what the Fed does, the only thing it does.

They will say anything if they can con the market into accepting the swindle for another month. Cha-ching!

Free includes debt-free!

All the jobs created net were part time

there was actually a loss of full time jobs.And they call the report "solid"

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If you figure every full time

If you figure every full time job lossed was 45 hours, and each part time gained 25, net working hours is still a big loss.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

The part time trend is accelerating

is it because of Obama Care or just a weak economy or both?

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My suspicions would be a both/and...

The weak economy is being exacerbated by Romney/Obama Care.

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15