Wednesday, October 2, 2013

New Normal, Obamacare Effects, Who is getting hired?

Since we know that the population has grown by over 13,000,000 since 2007 yet we have 1.8 million less jobs since then, what does this tell us?  Jobs were lost in every age bracket but the 55+ group, with 16-19 dropping 22.6%, 20-24 falling 2.6%, 25-54 going down 5.9% and 55+ going up 22.7%. (source infra)

Mish's Global Economic Trend Analysis: Where are the Jobs? Who Has Them? Who's Likely to Get Them?: " . . . Ironically, older part-time workers remaining in or reentering the labor force will be cheaper to hire in many cases than younger workers. The reason is Boomers 65 and older will be covered by Medicare (not Obamacare) and will not require as many benefits as will younger workers, especially those with families. . . ." (read more at link above)

The New Normal: All of the net increase in jobs in the Obama Presidency is going to the 55+ age group. So how's that Hope and Change working out for you?

more New Normal News below

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New Normal - Google News