Monday, September 09, 2013

 96% of The Jobs Created This Year Were Part-Time Jobs


Updating the job numbers with the new numbers that are out today continues to show that virtually all the jobs created this year have been part time jobs.


So far this year there have been 848,000 new jobs.  Of those, 813,000 are part time jobs (for both economic reasons and noneconomic reasons).   As can be seen in the above screen shots the BLS.gov, the total part-time jobs changed from 26.437 million in January to 27.250 million in August.  To put it differently, an incredible 96% of the jobs added this year were part-time jobs.  (It isn't clear to me why we see the differences in part time for economic and noneconomic reasons.)  However, these numbers raise a question about whether the employer mandate that has already been forcing some companies to move to part-time workers so as to avoid government imposed penalties is having a significant impact.  Might the relationship between the recent part time jobs and overall job growth be stronger as we were getting closer to what people thought would be the implementation of 
Obamacare's employer mandate?  Might we now see a divergence with the very recent one year delay in the employer mandate?  Or was the 2012 election the defining event for firms to begin to study the impact more?  Data from the BLS.gov.

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