Skip to comments.FED SURVEY: Businesses Say They're Hiring Less And Laying Off Workers Because Of Obamacare
Posted on 03/06/2013 12:40:10 PM PST by SeekAndFind
The Federal Reserve's latest Beige Book report, which provides anecdotal data on economic conditions around the United States, paints a mixed picture.
One of the things that came up a few times in the report was the Affordable Care Act.
In the release, the Fed noted: "Many District contacts commented on the expired payroll tax holiday and the Affordable Care Act as having restrained sales growth...Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff."
Below is an excerpt from the Richmond Fed's section of the Beige Book:
"Labor market activity was little changed since our last report. Hiring remained flat across most sectors, although there were some exceptions. Employers across the District continued to cite the Affordable Care Act and its unknown impacts as reasons for planned layoffs and reluctance to hire more staff."
Here is another excerpt from the Dallas Fed's section:
"Reports from staffing firms were mixed. One contact noted sharp declines in demand for services across the board, while another reported stellar demand that broke direct-hiring records. Outlooks were cautious. Some contacts noted concern that client companies are hiring the absolute minimum to get by due to uncertainty about the Affordable Care Act."
On the other hand, it's good news for some health care businesses, according to the San Francisco Fed's section of the Beige Book:
(Excerpt) Read more at businessinsider.com ...
From the article:
“Bottom line: the Affordable Care Act does seem to be having an effect on business plans in certain areas around the country. At least, that’s what respondents are telling the Fed.”
So, the author, Matthew Boesler, completely undoes his thesis with his last paragraph... Bravo, Matt. Way to tergiversate.
Ack! I misread his Bottom Line statement. Disregard my last comment. Sorry about that. Too many distractions in the house, right now.
However, the bozos in the state run “media” are orgasmic about the 1% boys on Wall Street cleaning up lately. It makes their fascist dictator look good. I guess that Occupy Wall Street didn’t work out well for the Kommie Kollege Kids. LOL!
of course. the higher we raise the costs of doing business, the less investment in businesses (and the less employment, and the less tax revenues from either businesses or employees)
it is simple as Pi
0bama won’t be happy until his Fascist Utopia is complete. This involves RIDDING AMERICA OF THE PRIVATE SECTOR. Small business layoffs and reduced hiring because of 0bamacare doesn’t bother 0bama one bit. He’s probably thrilled by it. Meanwhile, the government continues to hire.. 0bama won’t be happy until EVERY JOB IS A GOVERNMENT JOB.
Way to go, DoctorBulldog! My vocabulary was expanded by one word today: tergiversate. I can’t wait to use it in a casual conversation with my mates.
Not the first time I've had to look up a word, and won't be the last. I like it.
These subhuman government types needed to spend money on such a study? Wasn’t their conclusion a “no-sh**-sherlock”? Thank goodness we got the results of this before the dreaded sequester. I feel better now as a taxpayer.
I was hoping “tergiversate” was a typo. LOL I have no idea what it means, but I will look it up!
Thanks for the compliment. Yeah, “tergiversating” gets used a LOT around our house whenever the subject of Obama comes up... Well, that and “pusillanimous ordure weasel.”
By the way, whenever Moochelle comes up in our conversation, our other “go to” word around here seems to be “termagant.”—gotta’ keep it clean for our 5-year-old.
All by design...
Weird, on WSB radio in Atlanta this evening, they said the exact opposite. Said that the stock market went up again due to positive news from the Fed about housing, an expanding economy and increased employment.
On my iPad, one can put the wand over a word and a menu appears. One of the options is “definition.” I’d never heard that word before. I was having dinner about two hours ago with my main man who has a PhD in English Literature. He’d never heard of it either.
I’ve always have said I learn a lot from Freepers.
Every freepin’ day is a learning experience.