Category Archives: Employment

Obama job legacy: Grade F, White american employment down over 725k, down 107k last month, Hispanic up 5 million almost 25 percent, 94% of all new jobs under Obama were part time

Obama job legacy: Grade F, White american employment down over 725k, down 107k last month, Hispanic up 5 million almost 25 percent, 94% of all new jobs under Obama were part time

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Jim Clifton, CEO of Gallup

 

 

Obama just completed his last full month in office.

His much touted jobs added as portrayed by the fake news mainstream media?

Obama gets a grade of F for his jobs performance.

Unless of course you are an illegal alien.

From December of 2007 to December of 2016 the following occurred:

White Americans.

More than 725,000 fewer employed.

In the last month alone 107,000 fewer employed.

Almost 11 million more not in the labor force.

Hispanics.

Almost 5 million more employed.

That’s almost a 25 percent increase.

From Zero Hedge December 25, 2016.

“Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

Just over six years ago, in December of 2010, we wrote “Charting America’s Transformation To A Part-Time Worker Society“, in which we predicted – and showed – that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a “gig” economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than their pre-crash peers. It also explains why despite the 4.5% unemployment rate, which the Fed has erroneously assumed is indicative of job market at “capacity”, wage growth not only refuses to materialize, but as we showed yesterday, the growth in real disposable personal income was the lowest since 2014.

When we first penned our article, it was dubbed “fringe” tinfoil hattery, or in the latest vernacular, “fake news.”

Fast forward 6 years, when a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or “gig” work is defined as “temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers”, and is generally unsteady, without a fixed paycheck and with virtually no benefits.”

“Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was “surprised” by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.”

Read more:

http://www.zerohedge.com/news/2016-12-23/top-white-house-economist-admits-94-all-new-jobs-under-obama-were-part-time

 

 

More here:

https://citizenwells.com/

http://citizenwells.net/

November 2016 jobs report, Media lies, Obama and mythical jobs, Hispanics big winners, Whites decimated, Americans not in the labor force soar to record 95.1 million, Multiple jobholders hit all time high as part-time jobs soar, Big lie unemployment rate

November 2016 jobs report, Media lies, Obama and mythical jobs, Hispanics big winners, Whites decimated, Americans not in the labor force soar to record 95.1 million, Multiple jobholders hit all time high as part-time jobs soar, Big lie unemployment rate

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Jim Clifton, CEO of Gallup

 

Why has Citizen Wells continued to report on white American employment in the US?

The answer is simple.

Whites are still the largest segment of the population, are expected to proportionally benefit from jobs added and the mainstream media won’t touch this story.

From the US Labor Dept. and the November jobs report we find:

Change in employment from November 2007 to November 2016 by ethnicity.

Black:  2,276,000 gain

Asian:  2,360,000 gain

Hispanic: 4,850,000 gain

White: 722,000 loss (you read this right)

CNN October 7, 2016.

“This week Obama fought back at his detractors. He said his team has created a “more durable, growing economy” with “15 million new private-sector jobs since early 2010” in an essay in The Economist. Democrat Tim Kaine also used the 15 million jobs talking point in the vice presidential debate.”

http://money.cnn.com/2016/10/07/news/economy/obama-15-million-jobs/

Where in the hell are those jobs!

Especially if you are a white American!

From Zero Hedge December 2, 2016.

“Payrolls Rise 178K As Unemployment Rate Tumbles To 4.6% But Average Hourly Earnings Worst Since 2014

While the headline November payrolls print came in almost on top of expectations at 178K, vs consensus of 180K there were two big surprises in today’s report, one being the unemployment rate which plunged from 4.9% to 4.6%, well below the 4.9% expected, but the biggest negative surprise was that the Average hourly earnings in November dropped by 0.1%, far below last month’s 0.4% rise, and below the 0.2% expected with the annual increase growing by a far more modest 2.5% than the 2.8% expected.”

http://www.zerohedge.com/news/2016-12-02/payrolls-rise-178k-unemployment-rate-tumbles-46-average-hourly-earnings-slide

“Multiple Jobholders Hit New All Time High As Part-Time Jobs Soar

While today’s headline jobs number was essentially Goldilocks, with the payrolls print missing the expected print of 180K by just 2,000 jobs, it was accompanied by a plunge in the unemployment rate to 9 year lows as a result of a jump in the number of people leaving the labor force, and rising to a new all time high of over 95 million. But while the quantitative headline aspect is open to interpretation, the qualitative component of the November jobs print was – just like in the case of October – quite clear: it was ugly, again.

Recall that in October, the Household Survey revealed that the number of full-time workers tumbled by 103,000 as part-time workers jumped by 90,000. The trend continued in November, when another 118,000 part-time jobs were added, paired with a far more modest 9,000 increase in full -time jobs.”

http://www.zerohedge.com/news/2016-12-02/multiple-jobholders-hit-new-record-high-part-time-jobs-soar

“Americans Not In The Labor Force Soar To Record 95.1 Million: Jump By 446,000 In One Month

So much for that much anticipated rebound in the participation rate.

After it had managed to post a modest increase in the early part of the year, hitting the highest level in one year in March at 63%, the disenchantment with working has returned, and the labor force participation rate had flatlined for the next few month, ultimately dropping in November to 62.7%, just shy of its 35 year low of 62.4% hit last October. This can be seen in the surge of Americans who are no longer in the labor force, who spiked by 446,000 in November, hitting an all time high of 95.1 million.”

http://www.zerohedge.com/news/2016-12-02/americans-not-labor-force-soar-record-951-million-surge-446000-one-month

 

More here:

https://citizenwells.com/

http://citizenwells.net/

October 2016 Labor Dept. data vindicates Trump on illegal immigration, White employment decimated, Big Hispanic gains, Obama Obamacare legacy, Fewer whites employed, Fewer full time jobs, Multiple jobholders increase, Obamacare has reduced employment in most states by between 1.5% and 3%

October 2016 Labor Dept. data vindicates Trump on illegal immigration, White employment decimated, Big Hispanic gains, Obama Obamacare legacy, Fewer whites employed, Fewer full time jobs, Multiple jobholders increase, Obamacare has reduced employment in most states by between 1.5% and 3%

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“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

 

 

Straight from the US Labor Dept. November 4, 2016.

There are half a million fewer white Americans employed than in 2007 despite the lies from Obama about creating jobs and the growth in population.

There are over 10 million more white Americans not in  the labor force than in 2007.

Hispanic employment has increased 24 percent since 2007.

Donald Trump is right.

Illegal aliens are taking American jobs.

From Zero Hedge November 4, 2016.

“Multiple Jobholders Hits 21st Century High, As Full-Time Jobs Tumble”

“Recall that in September, the Household Survey revealed that the number of part-time workers soared by 430,000 as full-time workers actually declined by 5,000. The trend continued in October, when another 103,000 full-time jobs were lost, which was offset by a 90,000 increase in part-time jobs. In other words, the transition to a part-time worker society appears to have resumed after a hiatus.”

“But perhaps even more troubling than the breakdown in September job quality, was another seldom-touted series: the number of Multiple jobholders, or people who are forced to hold more than one job due to insufficient wages or for other reasons. It was here that the red flashing light came on because when looked on an actual, unadjusted basis, the number of multiple jobholders rose to 8.050 million, the highest number this century.”

http://www.zerohedge.com/news/2016-11-04/multiple-jobholders-hit-new-all-time-high-full-time-jobs-tumble

From Zero Hedge November 4, 2016.

“Obamacare Is Raising Premiums And Lowering Employment

Health care insurance premiums will increase significantly next year as a result of the Affordable Care Act, and many consumers will be left with access to only a single insurance provider, according to administration officialsArizona will see the biggest spike in prices (a whopping 116 percent), while Oklahoma will see a spike of 69 percent and Tennessee, Minnesota, and Alabama will see spikes of around 60 percent. The national average will be about 25 percent, the administration says.

Columnist Mary Katharine Ham wrote recently about how “My Defective Obamacare Health Insurance Product Just Blew Up.” Last year, her insurance plan’s cost went up by almost 60 percent. The plan had been purchased on the Affordable Care Act “marketplace.” This year, things got much worse:

My premium is going up 96 percent. Ninety-six percent. My monthly payment, which was the amount of a decent car payment, is now the size of a moderate mortgage. The president refers to these for thousands of citizens as “a few bugs” when to us it feels like a flameout.

 

For this astronomical payment, I get a plan with an astronomical deductible that my healthy family of three will likely never hit except in the most catastrophic of circumstances.

Before Obamacare, she, like many other people, had a better plan at a lower price: ”

“Obamacare has already reduced employment in most states by between 1.5% and 3%, according to Georgetown University’s Tomas Wind. The law will slow economic growth over the next decade, costing the nation about 2.3 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released in 2014.”

http://www.zerohedge.com/news/2016-11-04/obamacare-raising-premiums-and-lowering-employment

Remember, Hillary Clinton will keep Obamacare and continue or worsen Obama’s idiotic policies.

 

 

More here:

https://citizenwells.com/

http://citizenwells.net/

 

 

 

Trump debate point September 2016 jobs report, White employment decimated under Obama, Hillary promised NY 200k new jobs and they lost jobs, 10 million more whites not in labor force since 2007, No employment growth, Hispanic employment up 25 percent

Trump debate point September 2016 jobs report, White employment decimated under Obama, Hillary promised NY 200k new jobs and they lost jobs, 10 million more whites not in labor force since 2007, No employment growth, Hispanic employment up 25 percent

“In other words, more than half of the 156K jobs added in September went – once again – to minimum wage workers”…Zero Hedge October 7, 2016

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

 

 

Ok folks, this ain’t rocket science and the mainstream media has not been reporting it.

White employment has been decimated under Obama!

It will be no better under Hillary with her open floodgate immigration policy and history on job creation.

When she was running for senator in NY, she promised 200,000 new jobs and they actually lost jobs.

Why, her lips were moving, a sure sign she was lying.

Donald Trump, Pay attention!

Citizen Wells has been reporting this for years.

Why did I choose white American employment?

It is still approx. two thirds of the population.

It provides a simple apples to apples comparison.

And (drum roll) it highlights the impact of illegal aliens.

Straight from US Labor Dept. tables.

Since September 2007:

There are  10 million more whites not in the labor force ( do not be fooled by media lies about this being due to baby boomers – this has been extensively covered at Citizen Wells ).

There has been zero white American employment growth!

There has been 25 percent employment growth for Hispanics.!

Also, the mass influx of illegals along with Obamacare has impacted the types of jobs available and wages.

From Zero Hedge October 7, 2016.

“Where The September Jobs Were: Secretaries, Waiters, Retail And Social Workers

While we already noted that the headline quantitative print in jobs, which rose by a seasonally adjusted 156K in September, was far weaker when observed from a quality standpoint, as a result of the surge in part-time jobs, the dip in full-time jobs, and the jump in multiple jobholders to the highest since the financial crisis, another question is which industries were hiring, albeit mostly part-time workers.

Here is the answer:

  • The most actively hiring sector was the otherwise stable “Professional and business services” where employment rose by 67,000 in September and has risen by 582,000  over the year. However, a quick look within the number reveals that the most active sub category was that of administrative and support services, which account for more than half, or +35,000, of the increase. In other words, secretaries and clerical staff.
  • Obamacare may be crushing the middle class, but it continues to “create” jobs: Health care added 33,000 jobs in September. Also thank America’s aging population: ambulatory health care services, aka social workers, added 24,000 jobs. Over the past 12 months, health care has added  445,000 jobs.
  • There was the old faithful: waiters and bartenders, aka “Employment in food services and drinking places” which continued to trend up in September (+30,000) and has increased by 300,000 over the year. This group remains one of the strongest, minimum-wage contributors to the Obama “recovery.”
  • Finally, there was minimum wage retail trade workers, where employment continued to trend up over the month (+22,000). Within the industry, job gains occurred in clothing and clothing accessories stores (+14,000) and in gasoline stations (+8,000). Over the year, employment in retail trade has risen by 317,000.

In other words, more than half of the 156K jobs added in September went – once again – to minimum wage workers.”

http://www.zerohedge.com/news/2016-10-07/where-september-jobs-were-secretaries-waiters-retail-and-social-workers

 

 

More here:

https://citizenwells.com/

http://citizenwells.net/

 

 

Jim Clifton recovering economy another lie, Unemployment rate lie, CEO Gallup, 25 million people whose economic lives have crashed, Invisible in reported 4.9% official U.S. unemployment rate, Devastated American remains counted as “full-time employed”

Jim Clifton recovering economy another lie, Unemployment rate lie, CEO Gallup, 25 million people whose economic lives have crashed, Invisible in reported 4.9% official U.S. unemployment rate, Devastated American remains counted as “full-time employed”

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″

 

From Gallup September 20, 2016.

“The Invisible American”

“I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.

I don’t think it’s true.

The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.

SocialClassSelfID_Chairmansblog_91916[1]-edit2

Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed.

What the media is missing is that these 25 million people are invisible in the widely reported 4.9% official U.S. unemployment rate.

Let’s say someone has a good middle-class job that pays $65,000 a year. That job goes away in a changing, disrupted world, and his new full-time job pays $14 per hour — or about $28,000 per year. That devastated American remains counted as “full-time employed” because he still has full-time work — although with drastically reduced pay and benefits. He has fallen out of the middle class and is invisible in current reporting.

More disastrous is the emotional toll on the person — the sudden loss of household income can cause a crash of self-esteem and dignity, leading to an environment of desperation that we haven’t seen since the Great Depression.

Millions of Americans, even if they themselves are gainfully employed in good jobs, are just one degree away from someone who is experiencing either unemployment, underemployment or falling wages. We know them all.

There are three serious metrics that need to be turned around or we’ll lose the whole middle class.

  1. According to the U.S. Bureau of Labor Statistics, the percentage of the total U.S. adult population that has a full-time job has been hovering around 48% since 2010this is the lowest full-time employment level since 1983.
  2. The number of publicly listed companies trading on U.S. exchanges has been cut almost in half in the past 20 years — from about 7,300 to 3,700. Because firms can’t grow organically — that is, build more business from new and existing customers — they give up and pay high prices to acquire their competitors, thus drastically shrinking the number of U.S. public companies. This seriously contributes to the massive loss of U.S. middle-class jobs.
  3. New business startups are at historical lows. Americans have stopped starting businesses. And the businesses that do start aregrowing at historically slow rates.

Free enterprise is in free fall — but it is fixable. Small business can save America and restore the middle class.

Gallup finds that small businesses — startups plus “shootups,” those that grow big — are the engine of new economic energy. According to the U.S. Small Business Administration, 65% of all new jobs are created by small businesses, not large ones.

Here’s the crisis: The deaths of small businesses recently outnumbered the births of small businesses. The U.S. Census Bureau reports that the total number of business startups and business closures per year crossed for the first time in 2008. In the nearly 30 years before that, the U.S. consistently averaged a surplus of almost 120,000 more business births than deaths each year. But from 2008 to 2011, an average of 420,000 businesses were born annually, while an average of 450,000 per year were dying.”

Read more:

http://www.gallup.com/opinion/chairman/195680/invisible-american.aspx

From Citizen Wells February 3, 2015.

“Citizen Wells and others such as Rush Limbaugh have been warning and informing you about the real economy and jobs situation.

From Citizen Wells January 29, 2015.

“The plummet of the labor force participation rate in NC, other states and the US is big news and should be more widely reported.

The percentage of the population working is also important and in some ways more significant.

Since the big news today was the lowest so called initial claims number in 15 years let’s go back to January 2000 and compare the employment to population percent from then to now.

US

Jan 2000     64.6

Dec 2014      59.2

That’s a plummet of 5.4 percent!

NC

Jan 2000     65.1

Dec 2014      56.5

That’s a plummet of 8.6 percent !!!

So much for the improved economy and jobs situation.

I warned you we were in the age of Big Brother and “1984.””

From Gallup CEO Jim Clifton 

“The Big Lie: 5.6% Unemployment”

“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.

There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.

There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it’s a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual’s primary identity, their very self-worth, their dignity — it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen’s talents, training and experience, we are failing the great American dream.”

https://citizenwells.com/2015/02/03/5-6-percent-unemployment-rate-big-lie-gallups-jim-clifton-white-house-wall-street-and-media-lies-30-million-americans-out-of-work-or-severely-underemployed-percent-of-population-working-plummets/

 

 

More here:

https://citizenwells.com/

http://citizenwells.net/

June employment increased 287k???, Hispanic employment increased 104k, White employment dropped 89k, Fewer white Americans employed now than in June 2008, Part time jobs have increased under Obama and Obamacare

June employment increased 287k???, Hispanic employment increased 104k, White employment dropped 89k, Fewer white Americans employed now than in June 2008, Part time jobs have increased under Obama and Obamacare

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

From the US Labor Dept. July 8, 2016.

“Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, the U.S. Bureau of Labor Statistics reported today.”

http://www.bls.gov/news.release/empsit.nr0.htm

Also from the From the US Labor Dept. July 8, 2016.

Hispanic employment rose 104,000.

White employment dropped 89,000.

There are fewer white Americans employed now than in June 2008.

And remember, a lot of the jobs/employments they are counting are part time jobs.

A legacy of Obama and Obamacare.

From Zero Hedge July 8, 2016.

“While the quantitative aspect of the June jobs report was stellar, so stellar in fact that not a single Wall Street forecaster expected it would happen, the next question is what was the qualitative component of this unprecedented Establishment Survey beat. Here are the details of the 287K jobs supposedly added:

  • Leisure and Hospitality added 59,000 minimum wage jobs
  • Education and Health also added 59,000 mostly minimum wage jobs
  • Retail Trade added 30,000 certainly minimum wage jobs

With more than half of job additions being minimum wage one can see why the June average hourly earnings increase was below the expected 0.2% (and 2.7% Y/Y), instead printing at 0.1% and 2.6%.”

Read more:

http://www.zerohedge.com/news/2016-07-08/where-june-jobs-were

 

More here:

https://citizenwells.com/

 

Obamacare to blame for losing full time jobs, Duke Fuqua School of Business CFO Magazine Global Business Outlook Survey December 11, 2013 predicted, Goldman Sachs chief economist Jan Hatzius stated jobs impact

Obamacare to blame for losing full time jobs, Duke Fuqua School of Business CFO Magazine Global Business Outlook Survey December 11, 2013 predicted, Goldman Sachs chief economist Jan Hatzius stated jobs impact

“All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.”…Washington Examiner August 7, 2015

“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

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

When Obamacare was passed logic dictated that full time jobs would be impacted.

One did not have to be a rocket scientist to figure that out.

The business world obviously arrived at that conclusion too.

From the Duke University Fuqua School of Business CFO Magazine Global Business Outlook Survey December 11, 2013.

“EMPLOYMENT EFFECTS OF THE AFFORDABLE CARE ACT

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.

“The inadequacies of the ACA website have grabbed a lot of attention, even though many of those issues have been or can be fixed,” said John Graham, Duke Fuqua School of Business finance professor and director of the survey. “Our survey points to a more detrimental and potentially long-lasting problem. An unintended consequence of the Affordable Care Act will be a reduction in full-time employment growth in the United States. Companies plan to increase full-time employment by 1.4 percent in 2014, a rate of growth which is down from last quarter and unlikely to put a dent in the unemployment rate. CFOs
indicate that full-time employment growth would be stronger in the absence of the ACA.”

“I doubt the advocates of this legislation would have foretold the negative impact on employment,” said Campbell R. Harvey, a professor of finance at Fuqua and a founding director of the survey. “The impact on the real economy is startling. Nearly one-third of firms may either terminate employees or hire fewer people in the future as a direct result of ACA.”

In addition, 44 percent of companies say they will consider reducing health benefits to current employees in response to the ACA.”

Read more:

http://www.cfosurvey.org/14q1/PressRelease.pdf

WE WERE WARNED.

From Zero Hedge June 11, 2016.

“It’s Time To Blame Obamacare For Losing So Many Full-Time Jobs

Had a sinking feeling about the economy of late? It may not be your imagination. Economic indicators have flashed yellow for much of 2016, and the latest jobs report shows further depletion of the work force and a dearth of job creation. That trend, says one major bank, may be attributable to President Barack Obama’s signature legislation.

Last Friday, the Bureau of Labor Statistics (BLS) released the worst jobs report in almost six years. The US economy only added 38,000 jobs, less than a tenth of the estimated 458,000 Americans who left the workforce. In fact, thanks to revisions made to the March and April reports, that exceeds the number of jobs created in the past three months (348,000) by more than 100,000. The workforce participation rate dropped back to 62.6 percent, near a 40-year low, and more than three full points below its level at the start of the recovery in June 2009 (65.7 percent).

To call this a wide miss is an understatement. Economists had predicted a moderate jobs gain, with Reuters forecast. The unemployment rate dropped to 4.7 percent, but analysts widely noted that this was a result of the large exodus from the workforce. That included an increase of 130,000 among those who have left the workforce but still desire employment, outnumbering the jobs added in May.

The news on jobs might possibly be worse than even this indicates. An economist at Johns Hopkins called into question the seasonal adjustment calculations used by the BLS. Jonathan Wright recalculated the data and concluded that the economy had lost 4,000 jobs. Instead of a three-month average jobs gain of 116,000 – well below the 131,000-jobs-added level needed to keep up with population growth at a workforce participation rate of 62.6 percent — the three-month average was actually 107,000, and 114,000 for all of 2016.”

“One data point in particular might give at least some indication why. The number of part-time workers in jobs for economic reasons shot up by 468,000, apart from the 458,000 that left the workforce altogether. Slack work or business conditions accounted for 181,000 of these jobs, while another 77,000 could only find part-time work.”

“That may not seem like a high number, given the amount of people in the US workforce. However, as we approach the seventh anniversary of the Obama recovery, the continued rise in involuntary part-time workers demonstrates a fundamental weakness in the economy, Phillips argues. As Joseph Lawler noted for The Washington Examiner, the number of people forced into part-time work has grown by over 600,000 people in the last seven months. It’s not getting better – it’s getting worse.

One key area has grown exponentially in the recovery period, though – regulation at every level. Hudson Institute fellow Marie-Josée Kravis wrote in Friday’s Wall Street Journal that federal regulation twists incentives and punishes small businesses, which provides the engine of job creation in the American economy. In 2010, Kravis notes, federal regulation put a burden on small businesses that cost 20 percent more than it did large companies, thanks to economies of scale.

Obamacare makes that situation even worse. Larger companies can distribute the costs of increased health insurance costs and the employer mandate more broadly. Smaller employers, which have less market clout and smaller room for error, feel the shock of the employer coverage mandate more directly. The ACA directly incentivizes employers to use part-time rather than full-time workers, and smaller businesses have the necessity of grasping at any competitive advantage they can get. Six years after its passage and almost three years after its implementation, Goldman Sachs still sees Obamacare as a prime driver of forced part-time employment.

As Kravis concludes, what we have been doing for the last seven years of the weakest recovery on record clearly hasn’t worked. It’s time to try something new – like getting rid of job-killing regulation, with Obamacare first on the list to go.”

Read more:

http://www.zerohedge.com/news/2016-06-11/its-time-blame-obamacare-losing-so-many-full-time-jobs

From Citizen Wells June 9, 2016.

“Goldman Crushes Democrat’s Dreams: Shows Obamacare Has Cost “A Few Hundred Thousand Jobs””

“We suspect Lloyd Blankfein will be receiving a call from The White House (or Treasury) very soon as Goldman Sachs’ economists did the unthinkable in the age of political correctness – while investigating the state of under-employment in America, the smartest people in the room found that ObamaCare has led to a rise in involuntary part-time employment, estimating that “a few hundred thousand workers” have been forced to cut hours and has “created disincentives for full-time employment.”

Goldman’s Jan Hatzius explains that they find mixed evidence to support the theory that the employer mandate under the Affordable Care Act (ACA) has contributed to the elevated level of involuntary part-time work.”

“The plummet of the labor force participation rate in NC, other states and the US is big news and should be more widely
reported.

The percentage of the population working is also important and in some ways more significant.

Since the big news today was the lowest so called initial claims number in 15 years let’s go back to January 2000 and
compare the employment to population percent from then to now.

US
Jan 2000 64.6

Dec 2014 59.2

That’s a plummet of 5.4 percent!

NC
Jan 2000 65.1

Dec 2014 56.5

That’s a plummet of 8.6 percent !!!”

Read more:

https://citizenwells.com/2016/06/09/goldman-sachs-jan-hatzius-obamacare-caused-few-hundred-thousand-workers-hours-cut-disincentives-for-full-time-employment-involuntary-part-time-employment-white-americans-decimated-under-obama-citi/

More here:

https://citizenwells.com/