June Jobs Report: Part-Time Jobs Up, Full-Time Jobs Down
Posted By Bryan Preston On July 5, 2013 @ 9:34 am
Overall unemployment stayed steady in June at 7.6%. The economy reportedly created 195,000 jobs in the month. But. The quality of the jobs created is not good.
This is the ObamaCare effect. Obama’s health care law incentivizes employers to drop workers to below 30 hours per week in order to avoid incurring liabilities or fines. Or, if the employer is near the 50 employee mark, to trim down to below 50 to escape ObamaCare altogether.
Factor in the fact that the rate of participation in the job market remains at a historic low, and the economy remains weak. McJobs won’t power a full recovery.