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Affordable Care Act Is a Big Deterrent to Labor Market: Larry Kudlow
Daily Ticker via Yahoo Finance ^ | 7/5/2012 | Daniel Gross

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.

[Snip]

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.

[Snip]

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; obamacare; obamatax; unemployment
It only gets worse from here.
1 posted on 07/06/2012 8:24:03 AM PDT by Qbert
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To: Qbert

This is going to be a disaster. And read the healthcare bill. Targeted employment for minorities.

http://confoundedinterest.wordpress.com/2012/07/06/summertime-blues-u6-unemployment-rises-to-14-9-nonfarm-payrolls-grow-only-80k/


2 posted on 07/06/2012 8:25:05 AM PDT by whitedog57
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To: whitedog57

This month’s Job report was before Obamacare Tax


3 posted on 07/06/2012 8:28:05 AM PDT by scooby321 (h tones)
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To: Qbert

Gosh, if only I had a PhD in Economics I could have figured that out too.


4 posted on 07/06/2012 8:30:47 AM PDT by facedown (Armed in the Heartland)
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To: Qbert

I will put this in my “no sh*t Sherlock” file.


5 posted on 07/06/2012 8:35:45 AM PDT by SoFloFreeper
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To: facedown

"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...

6 posted on 07/06/2012 8:37:57 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: whitedog57

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...


7 posted on 07/06/2012 9:11:53 AM PDT by GOPJ (Speak truth to lies - to ignorance. Speak honest to corruption . Stand up to liberal elite liars..)
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