Thanks to the looming train-wreck of ObamaCare, the shift to part-time workers has begun. Employers will be hiring two cheap workers in place of one full-time, expensive worker. No doubt Obama and the state-controlled media will crow about the spike in employment, and the clueless will see this as a good thing.
Average private non-farm workweek dropped by 0.2 hours to 34.4 hours which is the equivalent of 700k jobs lost.
Watch for this: If I were faced with cutting back employee hours or total numbers but I still had the business volume My next move would be to form a separate corporation . The old job for the old company might work 30 hours/week. The new company might work the other ten or twenty. Same plant-—two jobs——just punch out on Wed. and punch back in Thur. morning-————————————————————————————————and by the way, Who’s counting the graduates coming into the market this month and next? I’ve seen it before but a whole bunch of these new guys will probably be offered half-time or probationary jobs. Gonna be some disappointment out there.