Monday, July 8, 2013

Obamacare and the Economy: from full-time to part-time

"The combination of Obamacare and the economy are almost inseparable." ~ El Rushbo
More recovery woes that the mainstream media glosses over...
BeltwayConfidential: Friday's disappointing jobs report showed that part-time jobs are at an all-time high, with 28 million Americans now working part-time. The report also showed another disturbing fact: There are now a record number of Americans with temporary jobs.

Approximately 2.7 million, in fact. And the trend has been growing.
ZeroHedge has an answer for the supposed trend: Obamacare...
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.


Breitbart broadens the dismal picture...
Of the 144 million Americans employed last month, only 116 million were working full-time. Friday's report showed that 58.7% of the civilian adult population of 245 million was working last month. Only 47% of Americans, however, had a full-time job. The market's positive reaction to Friday's report is another sign of how far our economic expectations have fallen. If today the same proportion of Americans worked as just a decade ago, there would be almost 9 million more people working. Just in the last year, almost 2 million Americans have left the labor force. With a majority of the population not holding a full-time job, it isn't surprising that economic growth has been so weak.

In June, the number of Americans who wanted to work full-time, but were forced into part-time jobs because of the economy, jumped 352,000 to over 8 million.
And it's no coincidence that part-time work isn't the only thing surpassing full-time employment...
CNSNews: The number of Americans receiving subsidized food assistance from the federal government has risen to 101 million, representing roughly a third of the U.S. population.

That means the number of Americans receiving food assistance has surpassed the number of full-time private sector workers in the U.S.
So on top of the part-time and food stamp increases juxtaposed to full-time employment, CNS also wraps all this together into the 54-month record stretch of unemployment under the Obama administration...
Since January 2009, when Barack Obama was inaugurated as president, the United States has seen 54 straight months with the unemployment rate at 7.5 percent or higher, which is the longest stretch of unemployment at or above that rate since 1948, when the Bureau of Labor Statistics started calculating the national unemployment rate.
So basically, everything predicted about this supposed recovery, from the regime's own economic advisors to the CBO, has been wrong.

Finally, along with ZeroHedge's singular accessment, Rush circles all this back around to Obamacare...
"Now, this is massive change from what the American jobs universe used to be. The American jobs universe contained all the jobs and types of jobs that we have today, but there were certainly far more career opportunities than there are today. And the career opportunities are directly relatable to the number of jobs that no longer exist. Now with Obamacare and companies converting full time to part time, you can wave good-bye to a career as a part-timer. You're not gonna conquer anything part time. You're not gonna climb a ladder part time. And you're not gonna get health care part time. And that's why you're being converted to part time. Because Obamacare is so expensive that companies are weighing staying in business or going out of business, staying profitable or not. And contrary to low-information voter beliefs, a company is not there to provide you health care. It's there for a whole lot of other reasons."
Once again, welcome to Obamaville.