Skip to comments.Affordable Care Act Is a Big Deterrent to Labor Market: Larry Kudlow
Posted on 07/06/2012 8:23:54 AM PDT by Qbert
The monthly payroll jobs report, due out on Friday, has emerged as the Super Bowl of economic data a hype-ridden event that attracts the attention of a very large audience. Thursday brought the pre-game show, in the form of three employment-related data points.
After months of nauseating weakness, is something going on in the labor market? It's quite possible, although my guest on The Daily Ticker, Larry Kudlow, host of the Kudlow Report on CNBC, is less sanguine. "If we get more jobs, count me thrilled and happy," he said. "If you had a 300,000 number on ADP I'd be more enthusiastic." Three years into the economic expansion, the pace of job recovery remains too low to make a meaningful dent in the unemployment rate.
But a great deal of uncertainty remains. "Large and small businesses are still very unclear what's going to happen after the election," said Kudlow. And given the combination of divided government and the impending elections, no significant policy shifts are likely between now and November.
(Excerpt) Read more at finance.yahoo.com ...
This is going to be a disaster. And read the healthcare bill. Targeted employment for minorities.
This month’s Job report was before Obamacare Tax
Gosh, if only I had a PhD in Economics I could have figured that out too.
I will put this in my “no sh*t Sherlock” file.
"Gosh, if only I had a PhD in Economics I could have figured that out too."
I'm not so certain the GOP nominee has...
Democrats won’t be happy until every city is Detroit, every father is useless, and most citizens are classed as ‘disabled’. Dems are out to bring hell to earth...