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Jobs report: Economy starting to absorb Obamacare (or vice versa)?

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By Doug Powers  •  July 5, 2013 11:54 AM

**Written by Doug Powers

The White House is touting the latest jobs numbers as more evidence of an economic recovery, but avoids the details.

“Obamacare strikes,” according to Zero Hedge:

As a reminder: jobs have quantity and quality components. The quantity component was good enough to convince the 10 Year the taper is imminent (if not stocks, which continue to trade dislocated from any and all fundamentals). But how about the quality? In a word: not good. In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 – an all time record high. Full time jobs? Down 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs. And there is your jobs “quality” leading to today’s market euphoria (if only for now).

A quicker summary of the jobs report:

**Written by Doug Powers

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