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Victoria Stilwell: Full-Time Jobs In The U.S. Just Made A Comeback
Friday’s labor-market report showed that the number of full-time U.S. jobs as a share of total employment rose to 81.7 percent, the highest level since November 2008. For those worried (including not a few presidential candidates) that this economic recovery has been one that’s created only low-quality jobs, this should be really good news.
At the same time, the number of employees on the payrolls of temporary work services also fell, declining 8,900, the report showed. All of these statistics combine to paint a picture of a “shift to full-time work,” economists led by Derek Holt at Scotiabank in Toronto wrote in a note to clients.
The rest of the details of the jobs report were also solid. Overall, payrolls climbed by 215,000 in July and the unemployment rate held at a seven-year low of 5.3 percent.
More here
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Job totals may seem ho-hum, but we shouldn't take good news for granted on.msnbc.com/1IvjRuJ http://t.co/JwPoMgXwYY
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Steve Benen (@stevebenen) August 07, 2025Full-time jobs in the U.S. just made a comeback bloom.bg/1KUuRov http://t.co/XFDSkYa6pX
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Bloomberg Business (@business) August 07, 2025
