The Real Jobs Numbers

PJ Media posted a story yesterday about some of the less-heralded numbers in the just-released jobs report. The article quotes a website called zerohedge.com which contains the following chart.

This is the jobs picture for 2013:

Source: Part-Time and Full-Time and BLS

Some of the numbers at PJ Media:

In July, there were 176,000 part time jobs created while only 92,000 full time jobs.

– Of the 953,000 jobs “created” so far in 2013, only 23%, or 222,000, were full-time. 731,000 were part time.

– 8.5 million workers are working part-time despite wanting full time employment. That number is unchanged from last month.

– The average hourly workweek slipped to 34.7 hours. 35 hours is considered full time.

Under ObamaCare, 30 hours is considered full-time–that is the point at which an employer will be required to provide health insurance for an employee. Unfortunately, if ObamaCare stays in place, we will see more part-time workers in the future and less full-time workers. Americans will become poorer under ObamaCare in addition to having health care that is not as good as it is now. There will be less economic equity under ObamaCare than there is now–there will be a serious earnings gap between those employees that are working full time and those who are working part time. It is quite possible that ObamaCare will ultimately eliminate the American middle class.

 

 

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