Obamacare Strikes: Part-Time Jobs Surge To All Time High; Full-Time Jobs Plunge By 240,000 Submitted by Tyler Durden on 07/05/2013 09:13 -0400
BLS Bureau of Labor Statistics Obamacare
As a reminder: jobs have quantity and quality components. The quantity component was good enough to convince the 10 Year the taper is imminent (if not stocks, which continue to trade dislocated from any and all fundamentals). But how about the quality? In a word: not good. In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 - an all time record high. Full time jobs? Down 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs. And there is your jobs "quality" leading to today's market euphoria (if only for now).
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Obama, Pelosi and Tonko all promised that Obamacare wouldn't have any negative impact on jobs. I wonder what new fairy tales these three will try to sell the American people in the run up to the 2014 elections.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
Obama, Pelosi and Tonko all promised that Obamacare wouldn't have any negative impact on jobs. I wonder what new fairy tales these three will try to sell the American people in the run up to the 2014 elections.
EXACTLY what YOUR DEM BUDDIES in Schenectady have done, but with different stuff, but YOU, DV, REFUSE to address it.
YOUR DEM BUDDIES in Schenectady, and you shake you pom poms and cheer for them, keep saying they are doing oh so much for the city, they spend the tax money, you praise them for it, and in the mean time, a HUGE NEGATIVE IMPACT on the city's tax base, the property values, tax bills, home sales, home sale prices, city services.
Not sure if you are trying t come across as normal, or if you are truly too naive to see that the dems in Schenectady city are doing the same to the people in the city, the dems at the Schenectady county are doing the same to the county people as the dems at the state and federal level are doing, even if it's not health care specifically.
Open your eyes DV!
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Not Qualified For Obamacare's Subsidies? Just Lie -- Govt. To Use 'Honor System' Without Verifying Your Eligibility Avik Roy, Contributor
If you thought the delay in the employer mandate was bad news for Obamacare, just wait. On Friday, Sarah Kliff and Sandhya Somashekhar of the Washington Post discovered that the Obama administration had buried in the Federal Register the announcement that the government won’t be able to verify whether or not applicants for Obamacare’s insurance exchange subsidies are actually qualified for the aid, in the 16 states that are setting up their own exchanges. Instead, until at least 2015, these states will be able to “accept the applicant’s attestation [regarding eligibility] without further verification.”
Without employer mandate, Feds to rely on applicant ‘attestations’
If you’ve been following the latest news around Obamacare, you know that on Tuesday evening, just before the Independence Day holiday, the White House announced that it would be delaying the implementation of the health law’s employer mandate—requiring all firms with more than 50 employees to provide health coverage to their workers—until 2015.
I, and several others at the time, said “wait a minute.” According to the law, you aren’t eligible for Obamacare’s subsidies if your employer has offered you what the government considers “affordable” coverage. But if employers are no longer going to report whether or not they’ve offered “affordable” coverage, how can the government verify whether or not workers are eligible for subsidies?
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
"Approval ratings go up and down for various reasons... An example is the high post 911 support for GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'
Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'
74% of small businesses will fire workers, cut hours under Obamacare By PAUL BEDARD | JULY 16, 2013 AT 3:25 pm Despite the administration's controversial decision to delay forcing companies to join Obamacare for a year, three-quarters of small businesses are still making plans to duck the costly law by firing workers, reducing hours of full-time staff, or shift many to part-time, according to a sobering survey released by the U.S. Chamber of Commerce.
"Small businesses expect the requirement to negatively impact their employees. Twenty-seven percent say they will cut hours to reduce full time employees, 24 percent will reduce hiring, and 23 percent plan to replace full time employees with part-time workers to avoid triggering the mandate," said the Chamber business survey provided to Secrets.
Under Obamacare, just 30 hours — not the nationally recognized 40 hours — is considered full-time. Companies with 50 full-time workers or more are required to provide health care, or pay a fine. Sign Up for the Paul Bedard newsletter!
The administration recently decided to wait a year before businesses had to comply, but many are trying to get ready anyway. The president did not delay the mandate that Americans must have health insurance or pay a fine, however.
The Chamber's second quarter small business survey found that just 30 percent are ready for the law and even understand what is required.
Dealing with Obamacare is the biggest worry of small businesses and comes as they continue to see a sluggish economy which has already put a brake on their hiring. Just 17 percent reported adding employees in the past two years. And only one-in-five small business owners believe that they will add employees in the next two years.
The Chamber added that "nearly one-in-four employers say the health care bill is their biggest obstacle to hiring more employees."
Other key findings from the Chamber survey:
— 77 percent continue to think the U.S. economy is on the wrong track. However, small businesses are more optimistic about their local economy and individual business.
— The majority (61 percent) of small businesses do not have plans to hire next year.
— Concerns about regulation have increased significantly from 35 percent last quarter to 42 percent now.
Small businesses are looking for leadership on issues that will remove barriers and encourage growth.
— 88 percent of all small businesses support addressing entitlement spending to resolve America's growing financial challenges and escalating debt.
— 83 percent support congressional efforts to reform the tax code — with the majority focusing on making it less complex.
— 81 percent of small businesses surveyed believe the immigration system is broken and needs to be reformed.
— In contrast to the president's recent speech pushing new energy regulations, 90 percent of small businesses support easing EPA regulations and opening up more federal lands for drilling.
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Methodology/The Q2 U.S. Chamber of Commerce Small Business Outlook Survey was conducted online between June 21 - July 8 by Harris Interactive among 1,304 Small Business Executives (defined as executive level position in a company with fewer than 500 employees and annual revenue less than $25 M).
Paul Bedard, The Washington Examiner's "Washington Secrets" columnist, can be contacted at pbedard@washingtonexaminer.com.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
what the public doesn't realize is that 45minute wait in your MD's office will turn into 1 1/2 hour wait....just try to count all those charts that are on their shelves now.....
right now MD's have a choice what to accept as payment....National healthcare will force them to chose the government $$$$
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
what the public doesn't realize is that 45minute wait in your MD's office will turn into 1 1/2 hour wait....just try to count all those charts that are on their shelves now.....
right now MD's have a choice what to accept as payment....National healthcare will force them to chose the government $$$$
the SHEOPLE don't care...............IT'S FREE!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
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