This is wild. Full-time employment dropped by 1 million workers in August compared to last year, marking the 7th straight monthly decline.

Since the peak in June 2023, the number of full-time jobs in the U.S. has plummeted by a staggering 1.5 million.

https://preview.redd.it/hc4a843vwmnd1.jpg?width=1200&format=pjpg&auto=webp&s=e22628196aff8b688097ca58b4c7438ba80e0cdd

Meanwhile, part-time employment surged by 1 million year-over-year in August.

On top of that, the number of permanent job losses jumped by 324,000 year-over-year, reaching 2.5 million – the highest since November 2021.

This is the 16th consecutive month of part-time job growth, the longest streak since the 2008 Financial Crisis.

How is this a “strong” labor market?

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