Romney had his 47% ... and now Obama has his!
ONLY 47% OF ADULTS HAVE FULL-TIME JOB
Excerpt:
The release of the June Jobs' Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists' expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The report, however, also provides clear evidence that the the nation is splitting into two; only 47% of Americans have a full-time job and those who don't are finding it increasingly out of reach.Comment: Romney's 47% comment.
54 Months: Record Stretch of 7.5%+ Unemployment Continues
ReplyDeleteMore from the WSJ: Part-Time America - A better jobs report in June, except for the impact of ObamaCare.
ReplyDeleteOne explanation is almost surely ObamaCare. The law requires employers with more than 50 workers to provide health insurance to all employees or pay a $2,000 penalty per worker. The law also defines a full-time job as 30 hours a week. All of this gives businesses that operate on thin margins—and that's most businesses—an incentive to hire more part-time workers.
On Tuesday the Obama Treasury announced it is postponing this employer mandate until 2015, and perhaps this will encourage more full-time hiring. But thousands of businesses, especially in retail and fast-food, have already started to cap employment for many workers at 30 hours and they know their reprieve is only for a year. If President Obama really wants to spur hiring, he'd let Congress delay the employer mandate forever.