'Retailers are cutting worker hours at a rate not seen in more than three decades — a sudden shift that can only be explained by the onset of ObamaCare’s employer mandates.
Nonsupervisory employees logged an average 30.0 hours per week in
April, the shortest retail workweek since early 2010, Labor Department
data out Friday show.
Even as retail payrolls have kept rising, with rank-and-file
employment up 132,000, or 1%, over the past year, aggregate hours worked
have fallen 0.9% over that span.
The average retail workweek was 2% shorter in April than a year
earlier, the steepest sustained decline since 1980, an IBD analysis
found.
The retail workweek recovered steadily as the job market strengthened
from the start of 2010 until the spring of 2012. Since then, it has
been all downhill, with the apparent pace of decline accelerating in
recent months.
This reversal doesn’t appear related to the economy, which has been
consistently mediocre. Instead, all evidence points to the coming launch
of ObamaCare, which the retail industry has warned would cause just
such a result.
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