Jobs won't return...

...until firms start increasing the hours of current workforce.

 

I saw some talking head on tv talking asked about when jobs will come back.  He hemmed and hawed(??) and couldn't give an answer.

 

Here's a simple metric... There has been a huge increase in the number of workers who have had their hours cutback.  You won't see firms hiring new workers until you see current workforce working a lot more.  About 8.8 million workers are reproting that they are involuntarily working part-time, which is a huge jump from recent recessions. 

Posted via email from Jim Nichols