Obamacare and part-time jobs
Mark Zandi is Moody’s Analytics Chief Economist and manages the firm’s surveys of overall private sector job creation. In 2008, he served as Republican Senator John McCain’s campaign advisor.
Appearing on CSNBC’s Squawkbox,” July 5, 2013, Mr. Zandi said that Obamacare might be to blame for a conversion of full-time jobs to part-time jobs.
In early September, after completing a formal analysis of the data, Zandi reversed himself and joined other economists and the Bureau of Labor Statistics in debunking his own myth.
Fox News continues to present this unfounded myth as fact.
“I was expecting to see it. I was looking for it, and it’s not there,'” Agreeing with M.r. Zandi, the Center for Economic and Policy Research reported that “the number of workers working below the 30-hour cutoff in the range of 26-29 hours per week is actually lower in 2013 than in 2012,” and concluded: “This suggests that employers do not appear to be changing hours in large numbers in response to the sanctions in the ACA.”
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