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It's not nonsense. In the US, full-time jobs are down, people with multiple jobs are up. It's not reflected correctly in the Establishment jobs survey, which is the survey the media outlets all use when reporting jobs numbers.

Anyway, full time jobs are dropping out of the economy, but it's being offset by people taking more than one job to make ends meet. I don't know about you, but this hardly seems like a healthy situation.

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It's nonsense.

Unemployment is at a 50-year low.

I don't see why "Many-to-most people have to have two part-time jobs to make ends meet" precludes unemployment being at a 50-year low.

What am I missing?

> don't see why "Many-to-most people have to have two part-time jobs to make ends meet" precludes unemployment being at a 50-year low

Full-time employment is at a record high [1]. Multiple job holders are about 1mm over the pre-pandemic peak, but below trend and not cannibalising FTE [2].

[1] https://fred.stlouisfed.org/series/LNS12500000

[2] https://fred.stlouisfed.org/series/LNS12500000

Ah. I was missing the part that OP didn't mention at all.

Thanks much for filling in the gaps in the explanation.

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