June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

Zerohedge ^ | 7/3/14 | Tyler Durden

[GilGil]

Is this the reason for the blowout, on the surface, payroll number? In June the BLS reports that the number of full-time jobs tumbled by 523K to 118.2 million while part-time jobs soared by 799K to over 28 million!

[GilGil]

There is absolutely nothing that comes out of this administration that is true. Whatever they say is a lie. This is unbelievable. Could this be why the gov't wants to raise the minimum wage so badly?

[BenLurkin]

[babble-on]

It’s Obamacare

[GilGil]

Amazingly, when you subscribe the number of full time jobs from the number of new part time jobs you get exactly the number the gov’t claims jobs went up by. This is absolutely staggering. Obama has completely lost control of the country.

[ThunderSleeps]

It’s Obamacare

Bingo. One of the entirely predictable (by myself and many, many others) effects of obamacare. Underemployed and part time employment surges, fewer people hit unemployment, bammy claims victory...everyone suffers.

[babble-on]

Well, that’s just arithmetic. That’s how the number is actually derived.

[Intolerant in NJ]

Bump.....

[sten]

118m full time jobs?!

I’m pretty sure we had over 135m full time jobs when GWBush left office

is this really the case??

[Jim from C-Town]

Try 152 million full time jobs in 2007.

[Grampa Dave]

http://cnsnews.com/news/article/ali-meyer/record-number-americans-not-labor-force-june

CNSNews.com) - The number of Americans 16 and older, who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS).

This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks.

That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April 2014.

Then, how many Americans get some type of check from a government entity and don’t work?

http://www.freerepublic.com/focus/f-news/3175863/posts

We’ve Crossed A Tipping Point: Most Americans Now Receive Govt. Benefits (Happy Dependence Day!)

Forbes ^ | 7/02/2014 @ 4:45PM | Merill Matthews

Obamacare has pushed us over the entitlements tipping point. In 2011 some 49.2 percent of U.S. households received benefits from one or more government programs—about 151 million out of an estimated 306.8 million Americans—according to U.S. Census Bureau data released last October.

Currently, around 6 million to 7 million Americans who have signed up for Obamacare are receiving taxpayer-provided subsidies (though the administration’s numbers cannot be trusted, it’s all we have to work with). There are another 3 million who have signed up for Medicaid.

That means some 10 million Americans—or a total of about 161 million—are now getting government subsidies (though the final number might be somewhat lower since some may have been receiving benefits already).

Thus, perhaps 52 percent of U.S. households—more than half—now receive benefits from the government, thanks to President Obama. And Mr. Entitlement is just getting started. If Obamacare is not repealed millions more will join the swelling rolls of those dependent on government handouts.