March Report: The Recession in Full-Time Jobs Is Here

News Research
According to a new report from the federal government’s Bureau of Labor Statistics ( BLS ) this week, the U. S. economy added 303, 000 jobs for the month of March while the unemployment rate fell slightly to 3.8 percent. In what has come to be a well-known play, reporters from the old media made sure to consider this a “blowout work report,” while Richmond Fed President Tom Barkin characterized the statement as “quite sturdy.”
However, this record demonstrated that the jobs market is still operating in a manner that began in December of last year: full-time jobs are disappearing, and the media’s” job growth” is essentially all part-time jobs. Furthermore, almost a quarter of fresh pay jobs are government jobs. What we really find when we look more closely at this statement is that the overall number of employed people has decreased by nearly 400, 000 work in four weeks and that 1.8 million full-time careers have vanished over the same time period.

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