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Average weekly work hours in the retail sector have fallen in the past 12 months.
But this is even as employment in the retail sector posted strong gains in the second half of last year, according to Paul Ashworth at Capital Economics. Typically, the two move in tandem. Ashworth writes that this can be attributed to a specific part of the Affordable Care Act (Obamacare). From the start of 2014, employers with more than 50 employees will [...] Hornell, N.Y. (WETM-TV) - St. James Mercy Hospital (SJMH) announced that it is implementing a workforce reduction amounting to the equivalent of 50 full-time employees. The layoffs will include clinical and non-clinical staff, and include elimination of positions and reduction of hours. “SJMH is continuing to experience significant declines in patient volumes, patient days and revenues as well as reduced state and federal reimbursement, and we cannot continue to support our current operation under [...] By Mike “Mish” Shedloc Obamacare and Part-Time Jobs 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 [...] The federal government calls them FEMA Corps. But they conjure up memories of the Hitler Youth of 1930’s Germany. Regardless of their name, the Dept of Homeland Security has just graduated its first class of 231 Homeland Youth. Kids, aged 18-24 and recruited from the President’s AmeriCorp volunteers, they represent the first wave of DHS’s youth corps, designed specifically to create a full time, paid, standing army of FEMA Youth [...] from Mike Mish Shedlock: Obamacare and Part-Time Jobs 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 corporation 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 [...] Initial Reaction The establishment survey showed a gain of 165,000 a reasonably good but not spectacular print. In contrast, the household survey showed a huge gain of 293,000 jobs. Once again we see a huge surge in involuntary part-time employment of 278,000. Voluntary part-time employment rose by another 163,000. Voluntary plus involuntary part-time employment rose by a whopping 441,000 jobs. Take away part-time jobs and there is not all that much to brag [...] ULAN-UDE, April 11 (RIA Novosti) – Russian President Vladimir Putin promised “100-percent support” for Russian Buddhists on Thursday during a visit to the country’s Buryatia republic, where about 20 percent of the population is Buddhist. Lama Damba Ayusheyev, head of the Buddhist Sangha of Russia, complained to the president that Buddhist universities often do not have state accreditation, and their students are drafted into the army for compulsory military service. Under [...] There were bound to be job cuts when JCPenney flipped its management team and announced its transformation in late 2011.
But, as it turns out, the number of job cuts was higher than expected. JCPenney reported 116,000 full-time and part-time employees as of February 2, 2013 in its annual statement with the SEC. The company’s annual report from the year prior stated that it employed 159,000 full-time and part-time employees as of January 28, 2012. That’s 43,000 fewer workers [...] How Many Minimum Wage Hours Does It Take To Afford A Two-Bedroom Apartment In Your State? Washington: 80 Hours – TWICE as much a Full Time New Hampshire: 106 Hours - Connecticut: 114 Hours NEW YORK: 136 HOURS MARYLAND: 137 HOURS NEW JERSEY: 138 HOURS - 98 HOURS over FULL TIME http://www.upworthy.com/how-many-minimum-wage-work-hours-does-it-take-to-afford-a-2-bdrm-apartment-in-yo?c=la3 Already the most controversial proposal of Obama’s State Of The Union…
We know our economy is stronger when we reward an honest day’s work with honest wages. But today, a full-time worker making the minimum wage earns $14,500 a year. Even with the tax relief we’ve put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That’s wrong. That’s why, since [...] Jillian Berman Kevin Price is one emergency away from not being able to cover his basic needs, but he doesn’t fit the stereotype of someone living on the financial edge. Price lives in a three-bedroom house with his wife and two children in a suburb of Wilmington, Del. The family owns two cars, the kids participate in high school sports, and they all attend church services regularly. Price works full-time, [...] Congress loves to spend taxpayer dollars. That’s part of the reason why the federal debt is nearly $16 trillion. Since 2001, more than two billion of those dollars have gone into renovations to the controversial Guantanamo Bay military base in Cuba. One of those renovations was a go-kart track for the troops that opened in 2006. The price tag? A cool $400,000. from NYT: <nyt_text> An annual survey of colleges and universities found that a growing number of schools face declining enrollment and less revenue from tuition. Enlarge This Image The survey, released by the credit ratings agency Moody’s Investors Service on Thursday, found that nearly half of colleges and universities that responded expected enrollment declines for full-time students, and a third of the schools expected tuition revenue to decline or to grow at [...] He took the job to become a tech support guru, but what he got in return were nothing but headaches. A jaded former Best Buy employee crafted a 1,100-word blog post shortly after quitting – and dishing the dirt on the electronics giant. In a piece posted to the Tape Noise Diary blog on Sunday, user JayCruz writes that he had high hopes after scoring a job with the Geek Squad in 2009 after [...] 72point · Half of workers take a lunch break just to see daylight and get some fresh air; · Half said they were too busy for a break mid-day; · Over a quarter regularly stay in the house throughout the entire weekend, too.
Half of British workers only see daylight during their lunch break as we reach the depths of winter, a study has revealed. The dark mornings and even longer, darker nights mean [...] Robert Wenzel Operators of small businesses are going to be cutting full time employees throughout 2013 to under 50, to stay under the Obamacare tax. Here’s the thinking of one small business owner: Here is what I am doing for the rest of the year — working with every manager in my company so that as of January 1, 2013, none of our employees are working more than 28 hours a week. I think [...] Craig Bannister Businesses with 50 or more employees who average at least 30 hours of work a week will be subject to the Obamacare insurance coverage mandate. Companies are reportedly planning large layoffs due to the implementation of Obamacare. But, companies can potentially avoid being subject to Obamacare’s insurance requirements by limiting employees’ weekly hours to less than the 30 hour level defined by Obamacare as “full-time.” Read more Retail is one of the biggest industry sectors of the United States, representing 42 million jobs.
The National Retail Federation has made it clear who it believes would be the better president, and it’s Romney. The NRF’s beef with Obama is primarily over the Affordable Care Act. When the Supreme Court upheld Obamacare over the summer, the organization said it was “dismayed” because the new regulations would mean doom for many retailers. The Affordable Care Act requires that all [...] In an experiment apparently aimed at keeping down the cost of health-care reform, Orlando-based Darden Restaurants has stopped offering full-time schedules to many hourly workers in at least a few Olive Gardens, Red Lobsters and LongHorn Steakhouses. Darden said the test is taking place in “a select number” of restaurants in four markets, including Central Florida, but would not give details. The company said there has been no decision made about expanding it. In [...] From FT: A brighter picture from Friday’s jobs data must be sustained if America is safely to deleverage those segments of the economy that remain over-indebted. A significant part of the monthly improvement is associated with part-time, rather than full-time, employment. With Congress too divided to enact meaningful policy measures, the Federal Reserve will have no choice but to remain deeply engaged in uncertain policy experimentation. Read more From The Burning Platform: RadioShack has burned through $150 million of cash in the last three quarters. They have $355 million of debt due in the next 12 months. They had $500 million of cash left at the end of the last quarter. Their CEO quit today, four days before the end of this quarter. He was on the job for one year. I’m sure that bodes well for the next earnings [...] By 2019, NFL refs will make $200,000+ per year for refereering maybe 20 four hour games per year.
Probably the refs have to go to some classes and training. So maybe it’s $200,000 for what amounts to a few weeks of work. Still. That’s an absurd amount of money for any part time job. The average full time income is less than $50,000. It’s why I was on the owners’ side. Read more: http://www.businessinsider.com/nfl-ref-salaries-2012-9#ixzz27gHyavXd In 1990, the going pay rate was about $10/hr for a general office job – whether it be customer service, sales, administrative work, etc. You could do these jobs straight out of high school or even while still in school. You could expect a raise and advancement if you did a good job. You could expect benefits such as health/dental insurance, paid vacation, etc. Today, the going pay for the same [...] Do we make both a conceptual and analytical mistake when we refer to student loans as a form of “financial aid”? Should that term be something to be resisted? Demos’ Tamara Draut brought up this point in a conversation recently, and I think it needs to be explored further, because it frames how we speak about student loans. The government records and documents student loans as a form of aid. Here’s a list of [...] LOS ANGELES (CBSLA.com) — Christopher Boyd, a homeless Los Angeles man who handed out his resume alongside LA freeways, has been hired. The 44-year-old is working for Jack The Roofer in Simi Valley for a week and then will work full time for JB Wholesale, a Los Angeles roofingand building supply company who works with Jack The Roofer. http://losangeles.cbslocal.com/2012/09/06/homeless-man-who-handed-out-resumes-gets-hired-by-roofing-company/ United States Department of Agriculture (USDA) officials spent $2 million on an internship program that had one intern, as it failed to use properly $63 million in federal funding provided for USDA to protect itself from hackers. The USDA inspector general discovered that the Office of Chief Information Officer (OCIO) “funded an intern program for a total of $2 million which, while funded as a security enhancement project, only resulted in [...] |
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