110 part time jobs for every ONE full time job? That is no growth or employment. I guarantee those PT jobs are at or slightly above minimum wage. We are becoming a banana republic!
The Obamacare economy: 35 part-time jobs for every new... | Kyle Wingfield | www.ajc.com
That means there have been 110 part-time jobs created for every one full-time job since March.
By "so much talk," Hall of course was referring to the numerous stories of employers that are cutting back on their workers' hours to avoid qualifying for Obamacare's mandate to provide health insurance for them. Just yesterday, the AJC reported on the various ways local employers are trying to cope with the looming mandate (subscription to MyAJC required for link), including the decision by AAA Parking to move 250 full-time workers to part-time status. Many of the Americans affected by these business decisions are, of course, the very people Obamacare was supposed to help.
In fact, we can get even more specific than the January-July numbers Hall outlined.
Looking at the BLS data, the number of Americans working part-time for economic reasons -- i.e., not because they want to work part-time -- hit a multi-year low in March. Since then, part-time jobs have accounted for a whopping 99.1 percent of all jobs created. Over the past four months, on a net basis, just 9,000 full-time jobs have been added in the entire United States.
That means there have been 110 part-time jobs created for every one full-time job since March.
As Hall notes, the BLS data themselves don't tell us why this is happening. But employment lawyers have been warning companies that, due to the way Obamacare's regulations work, now is the time for them to start establishing their full-time vs. part-time headcount for purposes of the mandate. Given the number of announcements by companies like AAA Parking, it seems logical that what we are seeing is a widespread shift of the lowest-skilled, lowest-paid Americans to jobs with even fewer hours. Which means they still aren't getting insurance, and now they aren't even making as much money at any given job