It Makes No Sense To Poo-Poo On The Jobs Recovery Because Of The Jump In Part-Time Jobs

REUTERS/Stoyan Nenov

The most recent U.S. jobs report was overwhelmingly bullish.

However, one detail that the naysayers pointed to was the uptick in part-time jobs and the downtick in full-time jobs.

"In the aftermath of the June employment data, I have to say that rarely has such a solid report been so maligned," said Gluskin Sheff's David Rosenberg. "It got no respect -- all because full-time jobs fell while part-time jobs rose."

Rosenberg argued the report confirmed that the "third act" of the economic recovery was in full swing.