The Bureau of Labor Statistics June jobs report that came out Friday predictably polarized liberals, who praised the net gain of 195,000 jobs, and conservatives, who pointed out that most of them were part-time and represented businesses’ fear of Obamacare.
But there’s one negative stat in the report that can’t be spun: only 47 percent of employment-age American are working at full-time jobs. The rest? They’re all either working part time, or they’re not working at all.
The U.S. has an employment-eligible population of 245 million. Of that number, 144 million are working – and of that number, only 116 million hold down full-time jobs. That number is accelerating downward, too, as businesses swap full-time positions for part-time staffing that allows them to escape the Obamacare rule that forces employers to subsidize health care for all employees who work more than 30 hours per week.
Even though the Obama Administration, aware that it’s created an economy-killing boondoggle, announced earlier this week that the employer-subsidy mandate would be postponed until 2015, that announcement came after the June statistics had already been compiled.