Saturday, August 03, 2013

Barry Shouldn't Brag

Those jobs numbers for last month were largely part-time jobs with no bennies attached. Some cynics claim--and don't ask me WHICH cynics because I pulled that remark out of my ass--all of these part-time jobs are being created in anticipation of Obamacare.

Well, I think Obamacare is an excuse for companies to ditch employer-paid health insurance, which would be all well and good if we had single-payer health insurance or Medicare for all as an alternative, but this reminds me of the 401(k) scams that were being peddled to replace pensions. This despite the fact 401(k)s were designed to be only supplemental to pensions and Social Security. It's all about saving money for business while people have no real alternatives.

Next on the agenda will be "work training accounts" to replace unemployment insurance; I think the Bush administration even floated that lead balloon around for awhile.

It will get to the point, and it probably HAS come to the point, where we the people are going to let our betters and their bought-and-paid-for politicians know we have had enough.

Snip:

The July government employment report released Friday showed the job market treading water.

And a closer look at one of the two measures the Labor Department uses to gauge employment suggests that part-time work accounted for almost all the job growth that’s been reported over the past six months.

Employers added a weaker-than-expected 162,000 nonfarm payroll jobs in July, according to the Establishment Data Survey, which relies on reporting by a large sample of businesses.

The unemployment rate is measured by the separate Household Survey, and it fell two-tenths of a percentage point to 7.4 percent, its lowest level since December 2008. That’s due in part to slow growth in the labor force. The jobless rate is based on a sample of self-reporting from ordinary people across the nation, and it’s the Labor Department measure that shows a very troubling trend in hiring.

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