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Obamacare could already be having a powerful effect on jobs. Expect to see jumps in the BLS unemployment rate in the coming months.


From Global Economic Trend Analysis:

Gallup’s seasonally adjusted unemployment rate is 8.3% for November, up nearly one percentage-point over October’s rate. Gallup’s underemployment jumped from 15.9% to 17.2%.

The Gallup survey, which polls approximately 30,000 people monthly, was radically different from the BLS report that came out a day later.

Please consider the Gallup economic report “U.S. Unadjusted Unemployment Shoots Back Up.”

U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October’s rate…

Obamacare Responsible?

Gallup did not offer reasons for this shift but I suspect two.

1.   Large numbers of part-time workers were hired as a direct result of Obamacare in September and…

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Obamacare fee of $63 per person to begin in 2014 (Just for pre-existing conditions)

from washingtontimes:

Your medical plan is facing an unexpected expense, so you probably are, too. It’s a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Obama’s health care overhaul.

The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed on to workers…

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