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4.3 Part-Time Jobs Created for Every Full-Time Job in 2013!

Discussion in 'News & Current Events' started by Revmitchell, Aug 2, 2013.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    In a rebuttal to gainsaying that there is no connection between ObamaCare’s employer mandate and part-time job creation, Duke University researcher Chris Conover has discovered an astounding statistic.

    Thus far in 2013, part-time job creation is more than quadrupling full-time job creation (defined by BLS data as 35 or more hours per week, even higher than the 30 hours or more per week that the PPACA stipulates). How extraordinary is that?

    What should immediately be obvious to even someone without a shred of statistical training is how deviant the 2013 experience is compared to the past. For every new FT job added to the economy, there were 4.3 PT jobs added! In most (non-negative) years, the ratio is the reverse: that is, there are typically 5 FT jobs added for every new PT job. Even in 2004—the year with the second-highest ratio during this time-frame–there were 2 FT jobs for every PT job, yielding a ratio of 0.5. Even if growth in PT vs. FT workers reverted to its historic pattern for the balance of 2013, the year’s average monthly ratio still would be four times as large as the 2nd highest ratio from 2004.

    http://www.ijreview.com/2013/08/698...jobs-created-for-every-full-time-job-in-2013/
     
    #1 Revmitchell, Aug 2, 2013
  2. Revmitchell

    Revmitchell Well-Known Member
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    Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time

    When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were... not.

    http://www.zerohedge.com/news/2013-...-jobs-created-2013-77-or-731000-are-part-time
     
    #2 Revmitchell, Aug 2, 2013
  3. righteousdude2

    righteousdude2 Well-Known Member
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    Thanks Rev......So Much for....

    Obama's lofty employment gains report! NOthing but lies!
     
    #3 righteousdude2, Aug 3, 2013
  4. thisnumbersdisconnected

    thisnumbersdisconnected New Member

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    Not at all extraordinary when one considers every small businessman and businesswoman in the country is anticipating "GreatPretender"Care taking effect over the next 16 months, even though small business requirements are delayed until 2015. This is the future of the American economy. Except in certain industries that cannot subsist on part-time employees, most jobs in this country will henceforth be part-time, under 30 hours, and the "flex time" option that was introduced in the 90s as being designed for single parents will become everyone's reality.

    What will happen next is that the socio-liberal agenda will adopt the current European trend of making 28 hours the "standard work week." Thus they can amend GreatPretenderCare to force small businesses to pay for health insurance. Of course, that will take years, but it will just aid and abet our continued slide into socialism and cradle-to-grave total care.

    Thank God Jesus can't be tarrying much longer.
     
    #4 thisnumbersdisconnected, Aug 3, 2013
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