THERE was a gain of 165,000 jobs in April. Buried in news reports is the perceived impact of Obamacare, the informal label of the Affordability Care Act.
Employers added a better-than-expected 165,000 jobs in April,, easing concerns that payroll growth may be slipping into a sustained mid-year slump.
The unemployment rate fell to 7.5% from 7.6%, the Labor Department said Friday. That’s the lowest since December 2008.
Payroll gains for February and March were revised up by a total 114,000. February’s gains were revised to 332,000 from 268,000 and March’s to 138,000 from 88,000.
There was other news that hints at what Obamacare is unleashing in the minds of employers, which is being blown out of proportion by its critics, as well as in reports.
But there were also some possibly troubling signals. The average workweek fell to 34.4 hours from 34.6 hours. Employers typically increase existing workers’ hours before adding new staffers and a decline may mean less future hiring. Many small businesses with around 50 employees may be limiting the hours of workers to fall below the staffing threshold at which they need to provide health insurance under the new health reform law.
Senator John Barasso is just one of the Republicans making the case that Obamacare is hindering the economy, which is parroted all day long on wingnut radio.
On Friday the government will release its unemployment report for April. The jobs numbers last month were a huge disappointment. Americans can’t afford more bad news.
Washington needs to break the cycle of weak job growth month after month. To do that, we need to honestly deal with one of the main roadblocks to job creation: President Obama’s health care law.
At a press conference this week, the president proved once again that he doesn’t understand how his law threatens Americans’ jobs, their care and their paycheck. …
It’s hard to think of a government program that is as important to the country as Obamacare that has been marketed so poorly by the politicians and party who championed it.