America hemorrhages full-time jobs as part-time work positions soar

The U.S. economy lost hundreds of thousands of full-time jobs in August in a shift that suggests the U.S. is hemorrhaging higher-paying jobs.

The country lost 438,000 full-time jobs in August, with the month’s net job growth coming entirely from gains in part-time employment, according to Bureau of Labor Statistics (BLS) data released Friday. The number of part-time jobs rose 527,000 in August, while the number of people who would have preferred full-time employment but were forced to settle...