ObamaCare Is Killing the Full-Time Jobs Market.
Written by Gary North on July 8, 2013
The news on the jobs front was good, the headlines said on July 5. The headlines lied.
The gains were mostly part-time jobs. Full-time jobs are in free-fall. Why? ObamaCare.
Why hire a full-time worker when you can hire a part-time worker who will not qualify for ObamaCare?
An article on the Zero Hedge site explained. Part-time jobs in June rose by 360,000. Full-time jobs shrank by 240,000. Net gain: 120,000. Mediocre.
This chart tells the story.
The economy is barely recovering. Yet the Federal Reserve has to print $85 billion a month to stimulate even this lackluster recovery. That’s a trillion dollars a year.
Continue Reading on www.zerohedge.com
http://teapartyeconomist.com/2013/07/08/obamacare-is-killing-the-full-time-jobs-market/#ixzz2YSbedm3f
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