Yesterday, you saw a few charts highlighting the weak jobs recovery in Washington and the problems young adults are having in this economy. And that’s in a state that is recovering comparatively better than many in the nation.
The economy continues to show anemic growth, and much of the job growth is in part-time work. With the implementation of Obamacare approaching swiftly, you can expect more workers to face part-time offers, and for some full-time workers to find their hours cut. This is the natural result of the disincentives intentionally written into the health care law.
Additionally, more and more of the persistently unemployed are choosing to no longer look for work. This makes the unemployment statistics look better, but it’s masking a far different reality. An unprecedentedly large portion of the American population of working-age citizens are not working. That’s a serious problem.
This blog post is worth a read. The Washington Post’s Ezra Klein takes a look at the jobs reports numbers and shows us some negative trends below all the positive bluster. Obamacare’s effects are only likely to further harm workers who are on the bubble, or those who are trying to move up to full-time work.
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