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Dark Side to Jobs report: Big Drop in Hours Worked (Equivalent to 500,000 jobs lost!)
MarketWatch ^ | 05-03-2013 | Rex Nutting

Posted on 05/03/2013 8:19:05 AM PDT by montag813

WASHINGTON (MarketWatch) — The April employment report exceeded expectations, with 165,000 jobs created and a welcome drop in the unemployment rate to 7.5%.

But there was a dark side to the report: Total hours worked fell sharply, and the total amount of money earned by U.S. workers actually declined from the month before.

“Aggregate weekly hours”....As the name implies, it measures the total number of hours worked, which is what matters for sizing up overall growth in the economy.

Usually, we focus just on the number of new jobs created and the unemployment rate, but the number of hours we work matters just as much, if not more, to our economic well-being.

Hours worked in April fell 0.4%, equivalent to the loss of more than 500,000 jobs.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Government; Miscellaneous; News/Current Events
KEYWORDS: economy; employment; jobs; parttimeemployment; unemployment; workhours

1 posted on 05/03/2013 8:19:05 AM PDT by montag813
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To: montag813

You expect Low Info voters to understand this?


2 posted on 05/03/2013 8:20:39 AM PDT by dfwgator
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To: montag813

Employers are getting ready for Obamacare.


3 posted on 05/03/2013 8:20:52 AM PDT by 17th Miss Regt
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To: montag813
Reflective of a changing business model as a result of Obiecare. ID the critical positions and make as many of the remaining jobs as possible part-time or temp.
4 posted on 05/03/2013 8:21:39 AM PDT by gov_bean_ counter (Romans 1:22 Professing themselves to be wise, they became fools,)
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To: dfwgator

The low info voters that actually work will. They will be reduced to 29.5 hours so their company doesn’t have to pay for Obamacare.

The rest don’t work so they will just continue to mooch.


5 posted on 05/03/2013 8:22:38 AM PDT by Azeem (There are four boxes to be used in the defense of liberty: soap, ballot, jury and ammo.)
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To: montag813

no sheet sherlock a lot of 30 hour a week jobs out there


6 posted on 05/03/2013 8:30:19 AM PDT by yldstrk (My heroes have always been cowboys)
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To: montag813

Taking government numbers at face value is like telling yourself it looks and sounds like a rattlesnake, but it couldn’t really be one because it’s too friendly.


7 posted on 05/03/2013 8:31:09 AM PDT by Standing Wolf
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To: montag813

See, Obamacare is a jobs program. By having so many people drop down to part time, there are a bunch of part time jobs to be filled. Isn’t it wonderful? /s


8 posted on 05/03/2013 8:31:43 AM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: montag813

Look at all the jobs that Obamacare is creating!

As employers cut all of their employees from full time to part time to avoid the massive Obamacare tax, they have to hire more employees to cover the same number of hours. One 40 hour per week job becomes two 20 hour per week jobs.

It’s like magic!


9 posted on 05/03/2013 8:33:43 AM PDT by Bubba_Leroy (The Obamanation Continues)
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To: Azeem
I just got a job with Zeno Enterprises. They're starting me at only 29 hours, but they've promised to increase my hours every week.

Next week I'll be working 29.5 hours, then 29.75 hours, then 29.875 hours, then ...

/philo-sarc

10 posted on 05/03/2013 8:34:04 AM PDT by who_would_fardels_bear
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To: montag813

Hold on to your hats... October is coming!


11 posted on 05/03/2013 8:37:25 AM PDT by Mashood
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To: montag813
Big Drop in Hours Worked (Equivalent to 500,000 jobs lost!)

Here's your "Hope and Change" America.

12 posted on 05/03/2013 8:40:39 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: who_would_fardels_bear

Zeno! Good one!


13 posted on 05/03/2013 8:47:40 AM PDT by ClearCase_guy (The ballot box is a sham. Nothing will change until after the war.)
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To: montag813

Work two jobs to get the pay of what one did, now that’s democrat logic.


14 posted on 05/03/2013 8:50:12 AM PDT by Vaduz
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To: Bubba_Leroy

I believe 20 hrs a week is all the young people can work in a typical week. And about 20 hrs more than they would like to work.

MTV generation!

GENERATION LAX!


15 posted on 05/03/2013 8:53:45 AM PDT by urbanpovertylawcenter (where the law and poverty collide in an urban setting and sparks fly)
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To: Vaduz
Work two jobs to get the pay of what one did, now that’s democrat logic.

As long as it makes the statistics look good the Democrats/Media are happy. Of course, for those who have NOT given up looking for a job the statistics don't much matter.

16 posted on 05/03/2013 8:54:50 AM PDT by Senator_Blutarski
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To: Senator_Blutarski

Those part-time hours will be decreased in order to make room for the new part-timers as Obama care draws closer...this year we’ll see full time jobs dropping like flies.


17 posted on 05/03/2013 8:56:38 AM PDT by caww
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To: montag813

The begining of ExtortionCare.

Employment for the new “Social Workers” at the door, making sure everyone is forced and signed into asset seized ExortionCare.


18 posted on 05/03/2013 8:57:50 AM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: montag813

Sounds like it might be the Obamacare part time regs at work. Fewer hourss, more workers


19 posted on 05/03/2013 8:57:50 AM PDT by DannyTN
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


20 posted on 05/03/2013 9:03:03 AM PDT by Nachum (The Obama "List" at www.nachumlist.com)
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To: caww
Those part-time hours will be decreased in order to make room for the new part-timers as Obama care draws closer...this year we’ll see full time jobs dropping like flies.

We've already seen the reports of restaurants and retail stores cutting back hours because of Obamacare. I agree that the trend will accelerate.

Don't look for the BLS or the media to talk about the conversion of full time jobs to part time jobs. Mum's the word...

21 posted on 05/03/2013 9:11:28 AM PDT by Senator_Blutarski
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To: montag813

The magic of ObamaCare....converting full-time jobs into part-time jobs. This is a disaster for the nation.


22 posted on 05/03/2013 9:14:36 AM PDT by txrefugee
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To: montag813

No problem. Government will just boost the minimum wage to match the lower hours. Less work, same Obamabucks


23 posted on 05/03/2013 9:15:58 AM PDT by varyouga
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To: Senator_Blutarski

Agree


24 posted on 05/03/2013 9:32:17 AM PDT by Vaduz
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To: montag813

We now live in a part-time economy.


25 posted on 05/03/2013 9:36:05 AM PDT by swamprebel (a Constitution once changed from Freedom, can never be restored.)
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To: montag813

See Karl Denninger’s math :

“If you lose 12 minutes from the work week (.2 of an hour) across the entire workforce of 143.224M, then the total decline in worked minutes is 1.719B; divide this by 2,400 minutes ( 40 hour work week times 60 minutes) = 716k net equivalent lost jobs.”


26 posted on 05/03/2013 9:49:11 AM PDT by griswold3
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To: who_would_fardels_bear

Don’t worry. According to Leibniz and Newton, you will eventually make 30 hours per week.


27 posted on 05/03/2013 9:54:13 AM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: montag813
You're starting to see how all of these various economic reports tie together. The unemployment rate is dropping because payrolls are up, but also because there are fewer people in the work force. Income is down because employed people aren't working as many hours.

And the stock market climbs even though sales volume is declining for most companies. These companies are simply showing higher profits because they're shedding workers and reducing hours faster than their sales volumes are dropping.

This looks like a classic deflationary cycle to me.

28 posted on 05/03/2013 10:06:46 AM PDT by Alberta's Child ("I am the master of my fate ... I am the captain of my soul.")
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To: dfwgator

Low info voters got the same amount loaded onto their EBT cards last month as they did the month before, but they didn’t have to work as many hours. They see it as a ‘win’.


29 posted on 05/03/2013 10:21:16 AM PDT by Hoodat (I stand with Rand.)
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To: montag813

This angel is even worse. The gain in hours is in sectors that are professionals, so no earning gains. Losses occurred in hourly jobs.... source: the article has a click through chart...


30 posted on 05/03/2013 10:27:38 AM PDT by 11th Commandment (http://www.thirty-thousand.org/)
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To: yldstrk
no sheet sherlock a lot of 30 hour a week jobs out there

Obama is leading the charge to make 15 hour work weeks the norm. His underlying philosophy is "lead by example"

31 posted on 05/03/2013 11:30:58 AM PDT by BlueMondaySkipper (Involuntarily subsidizing the parasite class since 1981)
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To: txrefugee
The magic of ObamaCare....converting full-time jobs into part-time jobs. This is a disaster for the nation.

He's following the Clinton model...brings to mind an often heard saying during the Clinton years...

..."I believe Bill Clinton created 22 million jobs...I've got three of them..."

32 posted on 05/03/2013 12:23:24 PM PDT by RckyRaCoCo (Shall Not Be Infringed)
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To: montag813; Nachum

My fault. I hired two cashiers and one stock boy this
hiring’ season. Slightly above minimum wage, 20+ hours a week.

That’s all the wiggle room I had.


33 posted on 05/03/2013 1:49:28 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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