The health insurance law said employees who work 30 hours a week must be considered “full-time” and must be offered health insurance by employers covered by the law.
Read more here: Definition of
First liberal progressives said to us, 'we don't need manufacturing, we will become a service based society in a global market place.' and we listened, now liberal progressives say that 'we don't need to work 40 hours, it should be 30' and you say you know nothing of it? Really? liberal progressives are killing this country.
A few more tidbits from the BLS report (household survey):
Only 111,000 more Americans were employed.
And despite the over-16 female unemployment rate dropping from 5.7 to 5.3%...there were actually 205,000 less over-16 females employed last month.
Table A-1. Employment status of the civilian population by sex and age
Heck, even the non-seasonally adjusted U-6 unemployment rate went up.
So, once again, the drop in the U-3 is principally due to people leaving the labor force, not because more Americans are employed.
Last edited by DA60; 01-11-15 at 02:09 PM.
'What kind of sick and twisted toy factory is this?'
'We are all the sum of our tears. Too little and the ground is not fertile, and nothing can grow there. Too much, the best of us is washed away.'
"Better to be dead and cool, than alive and uncool."
Unfortunately, all of the Cons predictions about our economic future levied in 2008 and 2012 have been proven to be wrong, so all they are left with is argue that underlying data wrong. Its a weak argument, but we all appreciate the fact that it is rapidly becoming their only argument.
The PPACA definition of full-time employee is its own animal (it has its own definition for its own purpose) and is not germane to this discussion. The 30 hours was suppose to keep employers from cutting 40 hour people...
That equals over 3 million a year.
From a May 2014 article
What Baby Boomers’ Retirement Means For the U.S. Economy | FiveThirtyEight
For decades, the retirement of the baby boom generation has been a looming economic threat. Now, it’s no longer looming — it’s here. Every month, more than a quarter-million Americans turn 65. That’s a trend with profound economic consequences. Simply put, retirees don’t contribute as much to the economy as workers do. They don’t produce anything, at least directly. They don’t spend as much on average. And they’re much more likely to depend on others — the government or their own children, most often — than to support themselves.