Part-Time Jobs Surge Takes Little Away From U.S. Labor Recovery – Bloomberg 07-07-14

Salient to Investors:

  • Economists say the surge in part-time employment last month takes little away from the overall picture of steady progress in the labor markets.
  • Millan Mulraine at TD Securities USA said the turn in labor market dynamics in favor of full-time employment started in late 2013, and the labor market recovery is real.
  • Bricklin Dwyer at BNP Paribas said labor market slack is diminishing slowly, and the jobs created continue to be of lower quality, with employees working fewer hours than they desire for lower wages.
  • Dana Peterson at Citigroup Global Markets said the improvement in the labor market shows that economic slack is being absorbed without stoking inflation, so the Fed can maintain tapering QE and will likely not raise rates until September 2015.

Read the full article at http://www.bloomberg.com/news/2014-07-07/part-time-jobs-surge-takes-little-away-from-u-s-labor-recovery.html

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