[HN Gopher] U.S. economy blows past expectations by adding 528,0...
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       U.S. economy blows past expectations by adding 528,000 jobs in July
        
       Author : mgh2
       Score  : 21 points
       Date   : 2022-08-05 20:06 UTC (2 hours ago)
        
 (HTM) web link (www.cbc.ca)
 (TXT) w3m dump (www.cbc.ca)
        
       | rahimnathwani wrote:
       | I found this part of the report from the Bureau of Labor
       | Statistics interesting:
       | 
       | """
       | 
       | The number of persons employed part time for economic reasons
       | increased by 303,000 to 3.9 million in July. This rise reflected
       | an increase in the number of persons whose hours were cut due to
       | slack work or business conditions. The number of persons employed
       | part time for economic reasons is below its February 2020 level
       | of 4.4 million. These individuals, who would have preferred full-
       | time employment, were working part time because their hours had
       | been reduced or they were unable to find full-time jobs. (See
       | table A-8.)
       | 
       | The number of persons not in the labor force who currently want a
       | job was 5.9 million in July, little changed over the month. This
       | measure is above its February 2020 level of 5.0 million. These
       | individuals were not counted as unemployed because they were not
       | actively looking for work during the 4 weeks preceding the survey
       | or were unavailable to take a job. (See table A-1.)
       | 
       | Among those not in the labor force who wanted a job, the number
       | of persons marginally attached to the labor force, at 1.5
       | million, was about unchanged in July. These individuals wanted
       | and were available for work and had looked for a job sometime in
       | the prior 12 months but had not looked for work in the 4 weeks
       | preceding the survey. Discouraged workers, a subset of the
       | marginally attached who believed that no jobs were available for
       | them, numbered 424,000 in July, little changed from the prior
       | month. (See Summary table A.)
       | 
       | """
        
       | kramerger wrote:
       | This was a bit unexpected. What did actually happen during the
       | summer to cause this?
        
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       (page generated 2022-08-05 23:02 UTC)