Payroll Problem

While total non-farm payroll employment is now at 139.7 million, substantially above the pre-recession peak of 138.4 million, full-time non-farm payroll employment is at just 119.6 million, 2.0 million below its pre-recession high. As a result, the number of persons working part-time but wanting full-time work now stands at 7.0 million. And while that’s down from a peak of 9.2 million, it’s substantially above its pre-recession level of 4.8 million.