"On working harder and longer, Jeb! meant all those part-timers (because of Obamacare)"

[progree]

Last edited Tue Jul 14, 2015, 01:25 AM - Edit history (1)

"who want full-time jobs"

https://www.facebook.com/AM950Radio

[font color = blue]AM950Radio> Jeb Bush says that people need to start working longer and harder to improve the economy. What a statement from an heir of a family fortune! - [/font]

[font color = brown]R.W. Troll> ...try to be honest... He said those words, but it's pretty obvious that he meant more than the part time work they are doing now ( you know, the less than 30 hours a week because of Obamacare?)[/font]

[font color = blue]Carlos>
Under G.W. Bush, Part-time workers increased by 2,954,000
while full-time workers increased by 1,556,000

Under Obama, Part-time workers increased by 1,290,000
while full-time workers increased by 5,235,000

Seems like if anyone was the part-time president, it was G.W. Bush.

Since the bottom of the jobs market in February 2010 (coincidentally one month before Obamacare was passed and signed)

Part-time workers increased by 40,000 while full-time workers increased by 10,275,000

Source: Bureau of Labor Statistics
Using the BLS's Table A-9 part-time and full-time numbers http://www.bls.gov/news.release/empsit.t09.htm
Part-time workers: http://data.bls.gov/timeseries/LNS12600000
Full-time workers: http://data.bls.gov/timeseries/LNS12500000

Maybe Jeb! should talk to his big bro about what NOT to do.[/font]


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AM950 is the only progressive talk radio station in Minnesota

By the way, the BLS's definition of full-time workers is 35 or more hours/week, while the Obamacare employer mandate for providing healthcare insurance is 30 hours/week. So if all that many employers were moving away from full-time to part-time jobs, it would show up in the above BLS statistics, but sure doesn't seem to. Also, involuntary part-timers has been falling for years.

[DJ13]

1. Voting Republican

[progree]

2. Sad, but true. nm

[Curmudgeoness]

3. I don't even buy his explanation

about what he "really" meant. He doubled down on his comment by adding that we need to be "more productive". That always means that we have to do more with less...it always has meant that in terms of economics. It means that if I work eight hours and produce ten widgets, they want me to find a way to streamline it and get my speed up to fifteen widgets. THAT is more productivity.

And since I keep hearing that we took this out of context, his full quote:

My aspiration for the country and I believe we can achieve it, is 4% growth as far as the eye can see. Which means we have to be a lot more productive, workforce participation has to rise from its all-time modern lows. It means that people need to work longer hours and, through their productivity, gain more income for their families. That's the only way we're going to get out of this rut that we're in.

Notice the comment about "workforce participation" being at "all-time modern lows"? That obviously is not about unemployment, which has been much lower in the recent past (ahem, like when another Bush was in office).

[progree]

4. Thanks for the full quote. On unemployment: Bush from 4.2% to 7.8%. Obama: 7.8% -> 5.3%

And on payroll jobs:
Bush: +1.3 million
Obama: +7.7 million (thru May)

On labor force participation -- of course what they say is that millions have quit looking because there are no jobs out there -- and therefore they are not counted in the unemployment statistics (one must have looked for work in the last 4 weeks in order to be counted in the official unemployment rate statistic U-3).

The Council of Economic Advisers and the Bureau of Labor Statistics says about half the drop in the LFPR is due to boomer retirements, about 1/4 is due to a still difficult economy (but a hell of a lot better than what Obama inherited), and about 1/4 is, well, a head-scratcher.

[Stellar]

5. Big brother george loved hard workers. The more the merrier.