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Dark Side to Jobs report: Big Drop in Hours Worked (Equivalent to 500,000 jobs lost!)
MarketWatch ^ | 05-03-2013 | Rex Nutting

Posted on 05/03/2013 8:19:05 AM PDT by montag813

WASHINGTON (MarketWatch) — The April employment report exceeded expectations, with 165,000 jobs created and a welcome drop in the unemployment rate to 7.5%.

But there was a dark side to the report: Total hours worked fell sharply, and the total amount of money earned by U.S. workers actually declined from the month before.

“Aggregate weekly hours”....As the name implies, it measures the total number of hours worked, which is what matters for sizing up overall growth in the economy.

Usually, we focus just on the number of new jobs created and the unemployment rate, but the number of hours we work matters just as much, if not more, to our economic well-being.

Hours worked in April fell 0.4%, equivalent to the loss of more than 500,000 jobs.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Government; Miscellaneous; News/Current Events
KEYWORDS: economy; employment; jobs; parttimeemployment; unemployment; workhours
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1 posted on 05/03/2013 8:19:05 AM PDT by montag813
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To: montag813

You expect Low Info voters to understand this?


2 posted on 05/03/2013 8:20:39 AM PDT by dfwgator
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To: montag813

Employers are getting ready for Obamacare.


3 posted on 05/03/2013 8:20:52 AM PDT by 17th Miss Regt
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To: montag813
Reflective of a changing business model as a result of Obiecare. ID the critical positions and make as many of the remaining jobs as possible part-time or temp.
4 posted on 05/03/2013 8:21:39 AM PDT by gov_bean_ counter (Romans 1:22 Professing themselves to be wise, they became fools,)
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To: dfwgator

The low info voters that actually work will. They will be reduced to 29.5 hours so their company doesn’t have to pay for Obamacare.

The rest don’t work so they will just continue to mooch.


5 posted on 05/03/2013 8:22:38 AM PDT by Azeem (There are four boxes to be used in the defense of liberty: soap, ballot, jury and ammo.)
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To: montag813

no sheet sherlock a lot of 30 hour a week jobs out there


6 posted on 05/03/2013 8:30:19 AM PDT by yldstrk (My heroes have always been cowboys)
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To: montag813

Taking government numbers at face value is like telling yourself it looks and sounds like a rattlesnake, but it couldn’t really be one because it’s too friendly.


7 posted on 05/03/2013 8:31:09 AM PDT by Standing Wolf
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To: montag813

See, Obamacare is a jobs program. By having so many people drop down to part time, there are a bunch of part time jobs to be filled. Isn’t it wonderful? /s


8 posted on 05/03/2013 8:31:43 AM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: montag813

Look at all the jobs that Obamacare is creating!

As employers cut all of their employees from full time to part time to avoid the massive Obamacare tax, they have to hire more employees to cover the same number of hours. One 40 hour per week job becomes two 20 hour per week jobs.

It’s like magic!


9 posted on 05/03/2013 8:33:43 AM PDT by Bubba_Leroy (The Obamanation Continues)
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To: Azeem
I just got a job with Zeno Enterprises. They're starting me at only 29 hours, but they've promised to increase my hours every week.

Next week I'll be working 29.5 hours, then 29.75 hours, then 29.875 hours, then ...

/philo-sarc

10 posted on 05/03/2013 8:34:04 AM PDT by who_would_fardels_bear
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To: montag813

Hold on to your hats... October is coming!


11 posted on 05/03/2013 8:37:25 AM PDT by Mashood
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To: montag813
Big Drop in Hours Worked (Equivalent to 500,000 jobs lost!)

Here's your "Hope and Change" America.

12 posted on 05/03/2013 8:40:39 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: who_would_fardels_bear

Zeno! Good one!


13 posted on 05/03/2013 8:47:40 AM PDT by ClearCase_guy (The ballot box is a sham. Nothing will change until after the war.)
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To: montag813

Work two jobs to get the pay of what one did, now that’s democrat logic.


14 posted on 05/03/2013 8:50:12 AM PDT by Vaduz
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To: Bubba_Leroy

I believe 20 hrs a week is all the young people can work in a typical week. And about 20 hrs more than they would like to work.

MTV generation!

GENERATION LAX!


15 posted on 05/03/2013 8:53:45 AM PDT by urbanpovertylawcenter (where the law and poverty collide in an urban setting and sparks fly)
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To: Vaduz
Work two jobs to get the pay of what one did, now that’s democrat logic.

As long as it makes the statistics look good the Democrats/Media are happy. Of course, for those who have NOT given up looking for a job the statistics don't much matter.

16 posted on 05/03/2013 8:54:50 AM PDT by Senator_Blutarski
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To: Senator_Blutarski

Those part-time hours will be decreased in order to make room for the new part-timers as Obama care draws closer...this year we’ll see full time jobs dropping like flies.


17 posted on 05/03/2013 8:56:38 AM PDT by caww
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To: montag813

The begining of ExtortionCare.

Employment for the new “Social Workers” at the door, making sure everyone is forced and signed into asset seized ExortionCare.


18 posted on 05/03/2013 8:57:50 AM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: montag813

Sounds like it might be the Obamacare part time regs at work. Fewer hourss, more workers


19 posted on 05/03/2013 8:57:50 AM PDT by DannyTN
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


20 posted on 05/03/2013 9:03:03 AM PDT by Nachum (The Obama "List" at www.nachumlist.com)
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