re: April jobs number 175k, well below 240k estimates. Markets rally

You are persistent. I'll give you that. You are too focused on part-time vs full-time. I don't see that migration as one out of necessity, but rather from companies maximizing profit by reducing benefits. Do you not agree that most people that want a job can get one? We all know that employers can't get enough lower waged workers as evidenced by the many signing bonuses that didn't exist previously in those pay ranges. The fact that many are not full time is not an indication of weakness in the economy. I can not speak broadly on all levels of jobs, but the higher paying career type industries I am familiar with are also looking for new employees. The occasional layoffs in the news do not scream economic problems to me either. Quite a few of those companies are managing current year profits and are usually hiring soon after a layoff. They also use "layoffs" as a way to eliminate marginally productive employees.

Job growth is not a weakness in our current economy, except to say we need a slightly higher unemployment rate as others have described.