๐ธ Shocking Labor Market Stats ๐ธ
๐ Full-time employment dropped by 1 million workers in August (YoY), marking the 7th consecutive monthly decline.
๐ Since June 2023 peak, the full-time job count in the US has fallen by 1.5 million.
๐ Part-time employment rose by 1 million in August (YoY).
๐ The number of permanent job losers jumped by 324,000 (YoY) to 2.5 million, the highest since November 2021.
๐ This was the 16th straight month of part-time job gains, the longest streak since the 2008 Financial Crisis.
How is this a "strong" labor market? ๐ค
