Green Energy
96% of The Jobs Created This Year Were Part-Time Jobs
Updating the job numbers with the new numbers that are out today continues to show that virtually all the jobs created this year have been part time jobs.
So far this year there have been 848,000 new jobs. Of those, 813,000 are part time jobs (for both economic reasons and noneconomic reasons). As can be seen in the above screen shots the BLS.gov, the total part-time jobs changed from 26.437 million in January to 27.250 million in August. To put it differently, an incredible 96% of the jobs added this year were part-time jobs. (It isn't clear to me why we see the differences in part time for economic and noneconomic reasons.) However, these numbers raise a question about whether the employer mandate that has already been forcing some companies to move to part-time workers so as to avoid government imposed penalties is having a significant impact. Might the relationship between the recent part time jobs and overall job growth be stronger as we were getting closer to what people thought would be the implementation of Obamacare's employer mandate? Might we now see a divergence with the very recent one year delay in the employer mandate? Or was the 2012 election the defining event for firms to begin to study the impact more? Data from the BLS.gov
.
-
New Federal Reserve Report Links Obamacare To Lack Of Jobs – 10 Different Times
The Foundry:We already knew that many employers plan to cut workers’ hours to stay under the threshold of Obamacare mandates. This makes full-time jobs—much less full-time jobs with health benefits—harder to come by.It’s more difficult to track...
-
The Real Economy, 2013, 77% Of All Jobs Created Are Part Time
From ZEROHEDGE, numbers:Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-TimeWhen the payroll report was released last month, the world finally noticed what we had been saying for nearly three years:that the US was...
-
Trainwreckovery
For some reason a preponderance of the bobble heads on TeeVee think there is good news to be found in today's jobs reports. Dumbasses. They think that unemployment holding steady at a mere 7.6% is good news. They think that adding 195,000 jobs is...
-
The Right Romney Response To The Jobs Number
My friends, today we got very good news from the federal govt.I think.At first glance.But the kind of good news we have received is typical of the successes recorded by this admin. We are 36,000 jobs short of keeping even with our population...
-
“almost All New Jobs Five Years From Now Will Be Created By Companies That Don’t Exist Today”
Ahem, that weren’t built today, by ……SOMEONE WHO DIDN’T BUILD THATRyan Streeter: The real job growth problem As the economy moves along in slow motion, President Obama is talking about raising taxes on the wealthy again. This obvious...
Green Energy