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Sunday, September 08, 2013

"96% of jobs added this year were part time jobs" and other disturbing American economic news

Depending on who you ask an incredible 96% or 59% of new jobs this year were part time ones (MarginalRevolution), meanwhile, the US labor participation rate has fallen to its lowest level since 1978 (WSJ) leading one blogger to comment "Our drop from 8.1% unemployment to 7.3% is analogous to losing 20 pounds by cutting off a body part" (Instapundit). An unintended consequence of Obamacare? (Forbes)

And ironically, these troubling economic times are hitting many of Obama supporter's the hardest (WSJ).

Posted by Clement Wan at 12:08 PM  

Labels: economics, politics, regulatory

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Growth Matters

blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development

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Clement Wan
Out to leave the world a bit better than i found it. A libertarian, Christian, finance geek and entrepreneur (not necessarily in that order).
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