The jobs report came out today. John Hinderaker at Power Line posted an article about the numbers reminding us that what we read in the media may not be the whole story.

Some of the facts he points out:

* The number of people aged 16 years and above who are not in the labor force increased by 111,000 this past month. While a somewhat lower increase than in months past, it still outpaces forecasted retirements.

* The number of people taking part-time jobs because they cannot find full-time work increased by 275,000 this past month.

* In fact, the number of people employed full-time (according to the household survey that also counts self-employed) declined by 523,000 while the number of part-time workers increased by 799,000 (which includes those who wanted part-time and those who wanted full-time but could only find part-time). These estimates are seasonally adjusted to account for the normal increase in June part-time work.

* The U-6 unemployment rate (the broadest measure of unemployment) remains virtually unchanged at 12.1 percent. U-6 includes those people who are discouraged, only occasionally trying to find work, and those employed part-time for economic reasons.

The article also reminds us that both incomes and economic growth remain flat. It seems as if the only thing growing in this economy is the Stock Market (which the government is currently propping up).