New Report: Full-Time Jobs Continue to Fall

Plus: Columbia Custodians Speak Out: ‘I Could Have Been Killed in There’

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New Report: Full-Time Jobs Continue to Fall

The latest jobs report revealed the addition of 175,000 jobs in April, with unemployment ticking up to 3.9%. However, growth fell short of expectations, reiterating the slow economy. Contrary to media optimism, The Epoch Times reported that the jobs reports reflects ongoing trends: full-time jobs are declining, while part-time roles are increasing. The gap between total jobs and employed people has widened, indicating potential inaccuracies in economic assessment. Over the past year, part-time jobs have surged by 1 million, while full-time positions dropped by over 500,000. The persistent rise in part-time work suggests economic weakness, possibly leading into recession, despite some analysts' hopes for a “soft landing.”

More from The Epoch Times:

In other words, consumers should get used to ongoing price inflation. The Fed won’t let interest rates rise—although it should—to combat price inflation. Rather, the Fed is still hoping it can thread that needle of pushing down inflation while somehow keeping the easy-money-fueled jobs boom going. But it may be that it’s already months too late for the Fed to pull off that fantasy. It wouldn’t be the first time the Fed is months behind on admitting the truth about recession. In 2008, months after the Great Recession had begun, Fed Chairman Ben Bernanke was going on TV and saying there was no recession on the horizon. Mr. Powell may soon find himself in a similar position.