Obamacare Effect On Jobs: Part-Time Outgains Full-Time As Businesses Scale Back
by Ben Bullard
The unemployment rate in the United States for the month of June dallied at 7.6 percent, a number attended by the reported addition of 360,000 new part-time jobs — a record high. Such a big jump was hailed at the White House as a sign that the economy continues to benefit from the 2009 American Reinvestment and Recovery Act (ARRA).
What the numbers really show is that full-time, “quality” jobs are being supplanted on a massive scale as companies steady their workforce numbers ahead of the implementation of Obamacare. The labor force lost 240,000 full-time jobs in June, continuing a trend that has seen 557,000 part-time jobs in the United States outpace the comparatively paltry 130,000 new full-time positions since the first of the year.
Thank Obamacare, which mandates businesses employing more the 50 people to contribute toward health coverage for anyone who’s been hired to work more than 30 hours per week — or face paying per-employee penalties to the government (via the Internal Revenue Service).