December Jobs: Employment Rises by 717,000 All of Them Part Time – Mish Talk

Today, the Bureau of Labor Statistics released its Monthly Payroll Report.

Initial Thoughts

  • The divergence between jobs and employment continues for the ninth month but lessened in December.
  • However, the full time employment divergence did not budge.
  • The divergences between jobs and employment date back to March.

Payrolls vs Employment Since March 2022

  • Nonfarm Payrolls: +2,887,000
  • Employment Level: +916,000
  • Full Time Employment: -288,000