While Trump will surely point to the record drop in people not in the labor force - in addition to the overall 227K jobs gained - as proof he is starting off on the right foot (not to mention the S&P which remains within a fraction of all time highs), one other aspect of today's jobs report the President will likely highlight is that in January, the recent trend of "part-timing" the US labor force abruptly reversed, and according to the Establishment Survey, the number of full-time jobs surged by 457K in January to a new all-time high of 124,705K.
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At the same time, part-time jobs tumbled by 490,000 to 27,405K, the biggest monthly drop since last June.
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If Trump really wants to undo the "Obama recovery", this is one particular trend he will want to focus on in the months ahead.
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