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It changed when they lowered full time employment to 30 hours.
That meant p/t workers capped out at 29 hours instead of the old 39 hours.
That's 10 hours of pay they no longer get and to p/t workers that was a lot.
I assume by they you mean the Dept of Labor, do you have a link when that took effect? Last I heard it was 35 hours and that has been the case for some time.
I assume by they you mean the Dept of Labor, do you have a link when that took effect? Last I heard it was 35 hours and that has been the case for some time.
It was part of Obamacare. They lowered full time employment definition to 30 hours and mandated everyone who was "full time" get benefits.
Kinda backfired on them though as employers just kept p/t employees to a max of 29 hours.
Well that's not how economists nor the Fed define "full employment".
https://www.bloomberg.com/quicktake/full-employment
To economists, full employment means that unemployment has fallen to the lowest possible level that won’t cause inflation. In the U.S., that was thought to be a jobless rate of about 5 percent — above the December rate of 4.1 percent.
I'm pretty sure, but it was a long time ago, when I was studying economics in the seventies the text books used 4% as full employment. Bottom line there is no absolute number.
Brick and Mortar has been in a steady decline for almost a decade now.
People shop online.
I hear this all the time and laugh. More retail stores are opening round the country than closing. What often happens is when the lease is over the retailer will leave and relocate to a new facility in a more up and coming area. Rumor has it Amazon is looking to buy out a major retailer because it also wants a piece of the brick and mortar market.
So brick and mortar is not dying, but evolving with more automation used.
The US economy added 148,000 jobs in December, fewer than expected, according to a report Friday from the Bureau of Labor Statistics.
The US economy created 148,000 jobs in December, fewer than economists had forecast.
The retail sector lost the most jobs amid a wave of store closures.
Still, December was the 87th straight month that employers hired more people than they fired, extending the longest-ever stretch of job growth on record.
I'm sure you and others are aware that these numbers will be revised either up or down (sometimes substantially) within the next month. The BLS continues to collect outstanding reports from the businesses in the sample as it prepares a second and then a third estimate for the month.
Obamacare didn't change the way the BLS counts part time work.
The number of workers working part time who want to work full time has been on a downward decline since 2011.
I assume you are talking about the u6 number for unemployment...
it is about 8.1 i think it has been up and down from there for a couple of years.
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