Part time jobs jeopardized by recent high school college graduates?, More graduates than retirees, Citizen Wells poses question, NC unemployment rates echoes Washington lies
“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.
Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013
“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief
“The unemployment rate for 18-to-29-year-olds was 9.1% in April, which rises to 15.5% if you include those who have given up looking for work,”
“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate,”
“For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The home ownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014
It sickens me to hear ads on TV touting the lower unemployment rate in NC and praising the McCrory administration for creating jobs.
This is what Obama and the folks in Washington have been doing for years.
The same reason that the unemployment rate has dropped applies to NC that does Washington but even more so.
The labor force has plummeted in NC and nationally.
Citizen Wells has diligently tried to keep you informed as to the real unemployment situation.
The number of people entering the work force each year versus those exiting has been explained.
I have been giving this some thought and have not seen it reported.
I pose this question:
Of all the folks graduating from high school and college and ready to enter the full time labor force, how many will be forced to keep their part time jobs?
Remember that not enough jobs are being created.
Also remember that not all of those ready to retire will be able to do so.
Even if every person eligible for retirement were to do so, there are far less of these people than those entering the labor force.
If many graduates keep their part time jobs, how does this impact current students and the large number of adults who depend on one or more part time jobs?
Why is this not being reported?