What's Lurking Beneath The Glossy Veneer Of The Jobs Report?

The jobs report has little value if we don't peer beneath the glossy veneer.

On the surface, last week's jobs report was glossy good news: the U.S. economy added 288,000 non-farm jobs. Beneath the glossy veneer, however, the news wasn't quite as good as advertised: full-time jobs declined by 523,000 and part-time jobs surged 840,000.

Courtesy of Zero Hedge, here's a chart depicting the the entire job market:

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