COTW: The Virtual Recovery Revisited

It does not take much to goose the stock market these days. When you are high on federal jack, the smallest bit of positive news is enough to get an investor to call his broker. The latest feel good news is the increase in the number of jobs. What they don't tell you, but blogs like ZeroHedge.com will is that the replacement jobs are not of the hamburger flipping, latte pouring variety:

This is a cheap labor only recovery as part-time jobs reached an all time high:

Is it remarkable that Kelly Services, a temporary employee provider, is the second largest employer in America?  NOT! Part time jobs are replacing full time jobs, and just to make sure the news is good the government job statistics are cooked as this chart shows:

all charts courtesy: ZeroHedge.com