Tags: moore | jobs | report | growth

Economist Moore: Jobs Report Inaccurate Reflection of Growth

Monday, 08 Jul 2013 06:33 PM

By Bill Hoffmann

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Labor Department statistics that show while job numbers are up, the number of Americans employed part time has increased by 322,000 to 8.2 million, which is devastating for the nation's economy, according to Steven Moore, an economic and policy analyst who writes for the Wall Street Journal.

"What we found was that in the last jobs report a lot of people in Washington were celebrating. Every one of those new jobs . . . was a 20-, 25-, 28-hour a week job," Moore told "The Steve Malzberg Show" on Newsmax TV.

Story continues below.



"It's a hard time to raise your family and pay your bills and your medical expenses and your gasoline bills and your grocery bills when you don't have a full time job . . . This is a big, big problem with the current American economy."

Moore said millions of Americans want and need full time jobs, but simply can't find them.

"The point that is critical here … is federal policies, including Obamacare, are encouraging federal employers around the country to cap their workers at 30 hours a week," he said.

Moore said workers at franchises like Burger King, Wendy's, Red Lobster, and Applebee's and the restaurant industry in general — which hire about 20 million Americans — are particularly hit hard.

"I can't tell you how many of these [employers told me] … 'I am not going to hire more than 50 workers,''' he said.

"In fact, some of them who have 60 or 70 say, 'I'm cutting back to 50, and others said 'I'm not hiring people more than 30 hours a week.'"

See the Steve Malzberg Show on Newsmax TV each weekday live by Clicking Here Now

You can listen to the Steve Malzberg Show each weekday live from 3-6 PM ET on SiriusXM 244.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Dropbox Customers Organize Boycott to Protest Condi Rice Ties

Friday, 18 Apr 2014 21:47 PM

Protesters of Condoleezza Rice's appointment to the board of directors of Dropbox due to her views on Internet surveilla . . .

Whoopi Goldberg Writing Weed Column For Denver Post

Friday, 18 Apr 2014 20:58 PM

Not one to rest on her laurels, comedian/actress/pundit Whoopi Goldberg is diversifying her resume once again. Now, she' . . .

Kim Novak Hits Back at Post-Oscar 'Bullies'

Friday, 18 Apr 2014 19:57 PM

Veteran actress Kim Novak has lashed out at the bullies who mocked and criticized her appearance at the Academy Awards . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved