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The “Obamacare Part-Time Jobs” Effect Goes Mainstream

Posted By admin On August 15, 2013 @ 5:26 am In Money Watch | Comments Disabled

Zero Hedge [1]
August 15, 2013

While many Wall Street economists and strategists shrugged in the face of tin-foil-hat-wearing bloggers who suggested the disaster that is the part-time jobs receovery was due to The Affordable Care Act [2] - of 953,000 jobs created In 2013, 77%, or 731,000 are part-time - epitomized best by Larry Kudlow and Deutsche Bank’s ever-smiling Joe Lavorgna [3]; it seems the drag on employers’ hiring has now hit the mainstream media. As NBC Nightly News reports [4] in this succinct clip, things are not going according to plan for the President’s better bargain even as Fed’s Bullard proclaims “clear improvement in labor markets.” Perhaps he should watch TV this evening?

As NBC Reports,

 “The White House dismisses this as ‘anecdotal.”

The Affordable Care Act employer mandate to provide health insurance to anyone working 30 or more hours a week hasn’t been implemented yet, but that hasn’t stopped some businesses from cutting back on employees’ hours to avoid paying healthcare costs.

Visit NBCNews.com for breaking news [5], world news [6], and news about the economy [7]

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-08-14/obamacare-part-time-jobs-effect-goes-mainstream

[2] tin-foil-hat-wearing bloggers who suggested the disaster that is the part-time jobs receovery was due to The Affordable Care Act: http://www.zerohedge.com/news/2013-08-02/obamacare-full-frontal-953000-jobs-created-2013-77-or-731000-are-part-time

[3] epitomized best by Larry Kudlow and Deutsche Bank’s ever-smiling Joe Lavorgna: http://www.zerohedge.com/news/2013-07-08/cnbc-viewership-collapse-continues-cramer-kudlow-audience-record-lows

[4] NBC Nightly News reports: http://www.nbcnews.com/video/nightly-news/52748658#52748658

[5] breaking news: http://www.nbcnews.com

[6] world news: http://www.msnbc.msn.com/id/3032507

[7] news about the economy: http://www.msnbc.msn.com/id/3032072

[8] Obamacare forces American workers into ‘part-time society’ as full-time jobs are slashed everywhere: http://www.prisonplanet.com/obamacare-forces-american-workers-into-part-time-society-as-full-time-jobs-are-slashed-everywhere.html

[9] IRS Warns Employers: Do Not Try to Avoid ObamaCare Insurance Mandate: http://www.prisonplanet.com/rs-warns-employers-do-not-try-to-avoid-obamacare-insurance-mandate.html

[10] Employers start slashing jobs ahead of Obamacare implementation: http://www.prisonplanet.com/employers-start-slashing-jobs-ahead-of-obamacare-implementation.html

[11] Yet Another White House Obamacare Delay: Out-Of-Pocket Caps Waived Until 2015: http://www.prisonplanet.com/yet-another-white-house-obamacare-delay-out-of-pocket-caps-waived-until-2015.html

[12] Former top Democrat says when Obamacare takes effect, small businesses will drop employee health coverage: http://www.prisonplanet.com/former-top-democrat-says-when-obamacare-takes-effect-small-businesses-will-drop-employee-health-coverage.html

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