Saturday, May 4, 2013

Obamacare Affects Part-Time Employment Yet Again

At a business level, the penalty for not offering a qualified healthcare plan is $2,000 per person, for companies that have more than 30 full-time employees.

As I have discussed before, Obamacare is behind the surge in part-time employment as corporations have been cutting hours worked and hiring more part-time workers to make up the difference.

Part-time employment rose this month by a whopping 441,000 as private average weekly hours fell 0.2 to 34.4 hours and average weekly earnings fell from $824.52 to $821.13 due to fewer hours worked.

Read more: http://finance.townhall.com/columnists/mikeshedlock/2013/05/04/obamacare-affects-parttime-employment-yet-again-n1586936/page/full/

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