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SPDR S&P 500 ETF Message Board

  • crrzzmiguel crrzzmiguel May 3, 2013 11:02 AM Flag

    Creative Mathematics!!!

     

    This is a problem. If we look at the "employed" figure of 143,724,000 people a drop of 0.2 hours is a full-time-equivalent decrease of 1/2%. Applied to the employed population this amounts to an imputed economic decrease of 718,620 jobs!

    That is, the loss of work-week hours of just 0.2 is the same economic impact as firing 700,000 people!

    There is a huge problem coming this year and into next in this regard as the trend of cutting hours back to get under Obamacare limits is picking up steam and will continue.

    Do not underestimate the economic impact of those hours-worked changes -- you'd have to post up a +700k jobs figure to offset just this one month's change in hourly workweek!

    You'll be told this is a "good report" and it is, on the surface. But I bet not one of the talking heads on CNBC runs the math on what the workweek means in terms of economic impact.

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