Update: Bloombergs Alex Kowalski has an explanation that covers most of the confusion: The household survey showed an 873,000 increase in employment, the biggest since June 1983, excluding the annual Census population adjustments. Some 582,000 Americans took part- time positions because of slack business conditions or those jobs were the only work they could find. Jeryl Bier points out another part of the explanation:
And if you believe that...