Tag: 000 Jobs

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Economic Data Continues to Suggest the “Goldilocks scenario”

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the staff of the Ridgewood blog

Ridgewood NJ, on Friday U.S. Bureau of Labor Statistics reported that the US economy added 187,000 jobs in July, below economist estimates of 200,000 and slightly above the downwardly revised 185,000 jobs in June. The unemployment rate dropped to 3.5%, from 3.6% in June and 3.7% in May. Average hourly earnings grew 0.4% month-over-month and 4.4% year-over-year, matching June. The number continue to suggests the “Goldilocks scenario” of a not-too-cold, not-too-hot sweet spot of sustainable growth
Continue reading Economic Data Continues to Suggest the “Goldilocks scenario”

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ObamaCare tax cost 33,000 jobs, medical trade group says

Dr-Obama1

ObamaCare tax cost 33,000 jobs, medical trade group says
By S.A. Miller
February 21, 2014 | 2:58am

WASHINGTON — A new ObamaCare tax on medical devices has already resulted in the loss of about 33,000 jobs in the industry, according to a prominent health-care trade association.

The grim statistic negates claims this week by Health and Human Services Secretary Kathleen Sebelius that “there is absolutely no evidence . . . that there is any job loss related to the ­Affordable Care Act.”

The Advanced Medical Technology Association surveyed its members to determine the number of lost jobs since the 2.3 percent excise tax on medical devices took effect in January 2013, raising about $3.8 billion a year to help pay for ObamaCare.

The survey found that nearly a third of respondents had cut research and development because of the tax, and almost 10 percent had moved manufacturing abroad.

The job losses were put at about 14,000, with another 19,000 openings that were left unfilled.

https://nypost.com/2014/02/21/obamacare-tax-cost-33000-jobs-medical-trade-group-says/