Ahead of the last two recessions, hiring by staffing agencies (ie: temp help) rolled over - it's now happening again.
Part-time employment has led the jobs "recovery" since the recession, leading to more than one in 50 US workers being employed as temporary help. The Sector has now plateaued, as the WSJ points out.
Not only is China facing a significant risk of an economic hard landing, but, as we have noted on many occasions, the country is also facing what perhaps may be an even greater risk: social unrest.
Submitted by Mac Slavo via SHTFPlan.com,
Who exactly is the burdensome, broken and disturbingly unsensible welfare system being run for?
A new study found that both illegal and legal immigrants, who typically work low wage jobs, receive more in government assistance each year than struggling American families do.
via the Washington Examiner:
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Submitted by Michael Shedlock via MishTalk.com,
Not satisfied with economic distortions resulting from the redefinition of full-time employment to 30 hours for Obamacare purposes but 32 hours for every other purpose, President Obama is back at it.
Today, by executive order, Obama doubled the threshold for overtime pay to $47,476 a year.
The Labor Department estimates the ruling will affect 4.2 million workers.
Please consider Obama Administration Extends Overtime Pay to Millions.