Friday, April 25, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Job-erwocky

By
From page A4 | November 20, 2013 | 16 Comments

‘Twas brillig, and the slithy toves
Did gyre and gimble in the wabe;
All mimsy were the borogoves,
And the mome raths outgrabe.

If the above opening lines from Lewis Carroll’s “Jabberwocky” make sense to you, then maybe you can make sense of Obamacare.

We can, however, make some sense of Obamacare’s effect on the economy. We look to Bob Funk, whose Oklahoma-based temp service is the fifth largest employment agency in the country.

In an interview Sept. 21 with the Wall Street Journal’s Stephen Moore, Moore summarized part of his interview with Funk thusly:

“The temporary employment business is booming now because in the fragile economy and, with Obamacare on the way, companies are skittish about bringing on permanent hires. Some businesses, to remain below the 50-employee level, hire all their additional workers beyond No. 49 through Express (Employment Services). He says other CEOs are so fed up with the new rules that they have asked Express to take over the management of their entire workforce.”

“If Bob Funk’s warnings about employment and the jobs market are accurate, then almost everything Washington is doing to address the problem is either beside the point or counterproductive. And the Obamacare-driven march toward the 30-hour workweek continues,” wrote Moore in conclusion.

“Our franchises across the country are seeing a definite demand for more part-time workers,” Funk said.

However, an Aug. 26 newsletter from the San Francisco Federal Reserve written by Rob Valletta and Leila Bengali, analyzed historical Bureau of Labor Statistics and concluded the following:

“The slack work subcomponent is highly cyclical, with increases and declines typically tied closely to recession dates (BLS 2008). Movements in the inability to find full-time work subcomponent tend to lag behind the slack work component. In 2012 and 2013 through July, this component continued to rise slightly as the slack work subcomponent fell. This is unsurprising given that the U.S. labor market has recovered only about three-fourths of the jobs lost during the recession and its aftermath, which leaves finding a full-time job still challenging for many workers. However, the ratio of this subcomponent to the hours cutback subcomponent remains low in historical terms, suggesting that general labor market slack remains the key factor keeping part-time employment high.”

The slack in the labor market remains. August was the 40th consecutive month in which more workers left the labor market than found jobs. Where do they go? In June the Social Security Administration reported 10.9 million on Social Security Disability Insurance. September’s figures, reported in October, were 14.2 million.

Funk said one of the key things to getting Americans back to work is shrinking the “vast social welfare state programs that have become a substitute for work. There’s a prevalent attitude of a lot of this generation of workers that the government will always be there to take care of them. It’s hard to get people to take entry-level jobs when they can get unemployment benefits, health care, food stamps and the rest.”

The number of food stamps recipients was 19 million in 2002, 28 million in 2008, 46.6 million in 2012, 47.66 million as of this August.

The Bureau of Labor Statistics reported the following for October’s 7.3 unemployement rate: ”The civilian labor force was down by 720,000 in October. The labor force participation rate fell by 0.4 percentage point to 62.8 percent over the month.”

Also: “The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 8.1 million in October. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.”

Beware the Job-erwocky.

And, “Beware the Jubjub bird, and shun
The frumious Bandersnatch!”

Mountain Democrat

LEAVE A COMMENT

Discussion | 16 comments

  • robertdnollNovember 18, 2013 - 6:25 pm

    who is going to trivialize the numbers? not really a question is it?

    Reply | Report abusive comment
  • cookie65November 20, 2013 - 8:32 am

    “It’s about jobs. In its life, it [the health bill] will create 4 million jobs — 400,000 jobs almost immediately.“-- nancy pelosi

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  • Tom GibneyNovember 20, 2013 - 6:03 pm

    Ah yes, the Jabberwocky describes the Obama admins tenure to a T! Absolute Balderdash and Hogwash. Love Lewis Caroll, sadly I fear many of our youth know of him not along with other greats like Kipling or Hemingway.

    Reply | Report abusive comment
  • 1036-FrankNovember 21, 2013 - 9:00 am

    Ali-Bummer, the King of "jabber" and his cohorts always find someone or something to blame every time they are caught being incompetent, lying, and blaming. It took the loss of millions of people's health insurance for the King to finally be seen without his clothes. He is just another radical leftist who has failed who now has to apologize, "he just didn't know" "wasn't told" "found out when you did" this theme is taught and used continuously, yet he continues the damage and has no solution. This year the individual policies are at risk, next year all of the group plans and all of this was known and plotted to force a govt. take over. The other major issue, covered well by the leftist media, is the continual subtractions from the labor market, the manipulation of the numbers, only counting a very small percentage of unemployed, and continual additions to the welfare and SSI/SSDI rolls as a place to hide people without jobs and those who ran out of unemployment payments and a blatant move to replace taxpayers with those on the dole. The numbers being added, if continued, are completely unsustainable.

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  • cookie65November 21, 2013 - 10:11 am

    Frank, we are $17 trillion (not counting obligations like pensions, future SS, medicare and others) past sustainable.

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  • cookie65November 21, 2013 - 10:18 am

    Peanut butter and jelly sandwiches are not considered racists. And they wonder why the term libtard came to exist. http://www.thecollegefix.com/post/15414/

    Reply | Report abusive comment
  • cookie65November 21, 2013 - 10:19 am

    NOW* scratch 'not'

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  • 1036-FrankNovember 21, 2013 - 11:03 am

    The old socialist rule was a "fail" when you run out of other's money, which has passed into history and the new socialist rule is, "keep printing it" and you never run out. A new recipe for disaster with the dumbed down entitlement voters who are increasing in numbers in direct relation to the welfare rolls and SSI/SSDI. If people choose poverty as a lifestyle they, as proven, will vote for an increase in benefits every election and for the clown, like Ali-Bummer, who promises it. This plan is backed by open borders for more recruits to join the poverty ranks here and free benefits which are the best on this continent. In the former USSR, except for the ruling elite and party members, your job was assigned as was your govt. housing project and you were allowed to be on the waiting list for the single car made for civilians, and allowed to stand in the hours long weekly bread line. Here, the liberals are hard at work copying the old USSR. It is being revived, planned, and seen with the health insurance take over, with the new welfare EBT cards to make it easy and monthly SSI checks, the numbers of those taking the govt. cheese and those caught in the trap, are rapidly rising.

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  • cookie65November 21, 2013 - 12:44 pm

    Knock out game.. meet 2nd Amendment. http://www.ijreview.com/2013/11/96462-teen-thought-knockout-innocent-victim-got-shot/

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  • cookie65November 21, 2013 - 3:04 pm

    Urban Dictionary defines harry reid. Twice. http://www.urbandictionary.com/define.php?term=harry+reid

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  • Tom GibneyNovember 21, 2013 - 4:33 pm

    I really like how the rules do not apply to the democrat party. The champions for the poor man and the races. The hypocrisy from Obama and Reid, his hand puppet are rich . What really disgusts me is that still those who voted for them defend them and even on this little board they can see no malice. SO You will get what you deserve. What has happened in the last 5 years is repugnant. But please, feel free you liberal democrats to keep your heads in the sand. Your ass end that is sticking up in the air is soon to be firmly kicked. And you know what? I am gonna laugh for a week.

    Reply | Report abusive comment
  • cookie65November 21, 2013 - 4:57 pm

    Covered California is not honoring the waving of emperor obama's wand. Your cancellation is official and effective as of Dec 31, 2013. The leftist/socialist/progressive/communist passed it, and we all found out what was in it. Flush twice it is a long way to the ocommycare exchanges.

    Reply | Report abusive comment
  • Tom GibneyNovember 21, 2013 - 6:16 pm

    Funny thing here I here crickets...Nothing from our usual lefties? are they burnt out on spitting in the wind? or is reality an da plate of crow hard to swallow??

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  • R.j. CarterNovember 21, 2013 - 6:38 pm

    Tom, usual lefties are absent because Rachel Maddow is on and they are receiving their daily dose of leftist propaganda and spin for tomorrow's MD postings.....

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  • EvelynNovember 21, 2013 - 7:11 pm

    Just checking in with a blanket 'hello' from all us lefties. I don't watch Rachel Maddow and wouldn't even if I did have TV. As for job numbers, the only thing I know for certain is that they're bogus.

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  • EvelynNovember 21, 2013 - 8:03 pm

    Lots of numbers get thrown around. How about this one: “$8.5 TRILLION In Taxpayer Money Doled Out By Congress To The Pentagon Since 1996 … Has NEVER Been Accounted For”. Does anyone care? Does it matter? What label -- if any -- should be attached to those responsible for $8.5 TRILLION not accounted over 17 years? Did the lefties do it? The righties?

    Reply | Report abusive comment
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