In July, the Bureau of Labor Statistics (BLS) reported that the economy added 195,000 jobs in June and, upon the news, the Dow ticked up. What received less attention was the increase in part-time employment by 432,000 jobs—meaning that there was actually a net loss of 237,000 full-time jobs in June. This is just the latest indicator that “underemployme…
© 2026 Hedgeye Risk Management, LLC ·
Substack is the home for great culture


