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“You’re Fired. Want to Work Part-Time?”

Written by Gary North on July 19, 2013

Three-quarters of all small business owners say this will be their response to ObamaCare. As Nancy Pelosi famously said: “Are you serious?” They are serious. They will fire people. They will make part-time workers out of full-time workers. They will do whatever it takes to get out from under ObamaCare. This was obvious from day […]

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ObamaCare Is Killing the Full-Time Jobs Market.

Written by Gary North on July 8, 2013

The news on the jobs front was good, the headlines said on July 5. The headlines lied. The gains were mostly part-time jobs. Full-time jobs are in free-fall. Why? ObamaCare. Why hire a full-time worker when you can hire a part-time worker who will not qualify for ObamaCare? An article on the Zero Hedge site […]

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Jobless Claims Are Back Up. Where Are the Jobs?

Written by Gary North on May 31, 2013

First-time jobless claims hit 354,000 last week. The figure had been dropping early in May. The media had started running articles on happy days are here again. Like Ginger Rogers in Gold Diggers of 1933, their song was premature. This also was bad news. More people were collecting jobless benefits: up by 69,000. The total […]

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Wage-Earning Moms: 40% of Families With Kids Under 18

Written by Gary North on May 29, 2013

The Pew Research center has released a report of working moms. About 40% of American families with kids under 18 have working moms who are either single moms (63%) or wives who earn more than their husbands do (37%). In 1960, this was 11%, not 40%. Wives increasingly have more college education than their husbands. […]

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Mises: “Customers Are in Charge, not Corporations.”

Written by Gary North on May 23, 2013

In his little 1944 masterpiece, Bureaucracy, Ludwig von Mises identified the supreme agent in the free market economy: the consumer. The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs. They are at the helm and steer the ship. But they are not free to shape its course. They are […]

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Bad News on the Employment Front: Initial Jobless Claims Jump

Written by Gary North on May 17, 2013

The figure for first-time jobless claims — unemployment insurance claims — jumped to 360,000 last week. Anything above 350,000 is considered poor job growth. The figure had been below 330,000 the week before. The trend had been down. There were lots of stories on “happy days are here again.” Then, without warning, the figure wiped […]

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Unemployment Today: Recession Level

Written by Gary North on May 10, 2013

Unemployment has fallen, but it is still in recession-level territory. With respect to long-term unemployment (15 weeks to 26 weeks), it is rising fast. To prevent a return to 2008 numbers, the Federal Reserve creates $1 trillion a year to buy government bonds.

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The Myth of Telecommuting

Written by Gary North on March 5, 2013

The vast majority of Americans drive to the office and then drive home. They do not telecommute. Working at home by means of the Internet is not a popular option. Over 80% of Americans do not work at home part time. It turns out that most of the hours worked by telecommuting are put in […]

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