While many Wall Street economists and strategists shrugged in the face of tin-foil-hat-wearing bloggers who suggested the disaster that is the part-time jobs receovery was due to The Affordable Care Act – of 953,000 jobs created In 2013, 77%, or 731,000 are part-time – epitomized best by Larry Kudlow and Deutsche Bank’s ever-smiling Joe Lavorgna; it seems the drag on employers’ hiring has now hit the mainstream media. As NBC Nightly News reports in this succinct clip, things are not going according to plan for the President’s better bargain even as Fed’s Bullard proclaims “clear improvement in labor markets.” Perhaps he should watch TV this evening?
As NBC Reports,
“The White House dismisses this as ‘anecdotal.”
The Affordable Care Act employer mandate to provide health insurance to anyone working 30 or more hours a week hasn’t been implemented yet, but that hasn’t stopped some businesses from cutting back on employees’ hours to avoid paying healthcare costs.