Retail Workweek Hits 3-Year Low In ObamaCare Shift
By Jed Graham, Investor’s Business Daily
Posted 02/01/2013 07:05 PM ET
The fly in the ointment of January’s jobs report was the apparent shift to part-time work ahead of a key ObamaCare deadline.
Although retail payrolls grew by 32,600, total hours worked in the industry dipped, Labor Department data out Friday showed.
The explanation? Rank-and-file retail workers logged the shortest workweek since early 2010: just 30.1 hours, on average, vs. 30.4 in December.
Remarkably, aggregate hours worked in the retail sector fell below their January 2012 level, even though industry payrolls are up 200,000 over that period.
A similar trend showed up in leisure and hospitality: January payrolls rose by 23,000 even as aggregate hours dipped 0.3%.
Meanwhile, the ranks of part-time workers due to business conditions or because they can’t find full-time work, trending lower in the past few years, rose by 212,000 to 7.8 million.
While the data are volatile and the shift to shorter workweeks in January was less than dramatic, this may be the start of something big. All signs suggest that businesses are starting to adjust their employment policies in response to ObamaCare. It’s possible that much of this shift may occur in the next few months.
Read More At IBD: https://news.investors.com/ibd-editorials-perspective/020113-642941-retail-leisure-jobs-hours-down-obamacare-looms.htm#ixzz2JjewQlb6
Business has been doing this before health care became law ,find another scapegoat.
#1 is still in Denial
Not in denial just stating fact.