June employment

Good news from this morning’s employment numbers. According to the BLS, the U.S. economy added 288,000 job and the unemployment rate dropped to 6.1% in June. Economists had expected only 215,000 new jobs.
The not-so-good news is that the number of involuntary underemployed (part time for economic reasons) ticked upward slightly in June. Both the number of those who could only find part time work and number of workers part time because of slack work rose. The total involuntary underemployment remains well above pre-Great Recession levels. This constitutes a continued waste of human capital.
Involuntary underemployed June 2014.png

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