Sunday, December 7, 2014

November Jobs Report: Long On Quantity...Short On Quality.

President Obama and his adoring media could barely catch their breaths when reporting that 321,000 jobs were created in November. The liberal MSNBC host Rachael Maddow opened by saying:
Any Republicans asking “where are the jobs?” today should probably have their heads examined.
The only problem with the 321,000 jobs is the quality of that number. With further examination, you would see that the full-time workforce fell by 150,000 jobs and, the part-time workforce rose by 77,000.  In other words, once again, good full-time jobs are suffering at the hands of more and more part time employment; as this chart clearly shows:

Since 2010 and the passage of ObamaCare, the percentage of part-time employment in the workforce has soared.

This is a problem that we have seen all along as companies struggle to avoid paying the employer mandate of ObamaCare by converting full time employees to those working less than 30 hours a week. This is also why, in so many polls, Americans still think that the economy -- especially jobs -- is the number one priority facing this country.

References:

U.S. job growth soars, tops 300k | MSNBC: http://www.msnbc.com/rachel-maddow-show/us-job-growth-soars-tops-300k

Obama hails strong jobs report: http://thehill.com/policy/finance/economy/226132-obama-hails-strong-jobs-report

Hold on: Jobs report wasn't so great after all: http://www.cnbc.com/id/102243878

75 Percent Of Jobs Created This Year Were Part-Time Due to Weak Economy and ObamaCare: http://www.huffingtonpost.com/2013/08/21/part-time-job-creation_n_3788365.html

Half Of All Jobs Created In The Past 3 Years Were Low-Paying: Study: http://www.huffingtonpost.com/2013/05/13/low-paying-jobs_n_3266737.html

PollingReport.com: Priorities and Problems: http://www.pollingreport.com/prioriti.htm

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