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Is Obamacare Responsible for the Surge in Part-Time Jobs? What About Obama's Defense Layoff Suspensions?
Following the surprise drop in the unemployment rate last Friday, I have seen many conspiracy charges leveled against the BLS.
I do not believe any of the conspiracy charges. Had Obama instructed the BLS to juice the numbers, someone in the BLS would surely be yapping. They are not all Democrats. Many were hired under President Bush.
Is Obamacare Responsible for Surge in Part-Time Jobs?
Some stated the 582,000 surge in part-time workers was a seasonal thing based on teachers going back to work. I do not buy that explanation either because the surge in part-time workers and the decline in the unemployment rate were seasonally adjusted.
One likely explanation is an outlier and the data will be revised lower soon enough (or the previous month's of weakness up). There is a second possible explanation although the timing as to precisely when it would matter is uncertain.http://globaleconomicanalysis.blogspot.com/2012/10/is-obamacare-responsible-for-surge-in.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29&utm_content=Google+Reader
I do not believe any of the conspiracy charges. Had Obama instructed the BLS to juice the numbers, someone in the BLS would surely be yapping. They are not all Democrats. Many were hired under President Bush.
Is Obamacare Responsible for Surge in Part-Time Jobs?
Some stated the 582,000 surge in part-time workers was a seasonal thing based on teachers going back to work. I do not buy that explanation either because the surge in part-time workers and the decline in the unemployment rate were seasonally adjusted.
One likely explanation is an outlier and the data will be revised lower soon enough (or the previous month's of weakness up). There is a second possible explanation although the timing as to precisely when it would matter is uncertain.http://globaleconomicanalysis.blogspot.com/2012/10/is-obamacare-responsible-for-surge-in.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29&utm_content=Google+Reader
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