Federal Reserve Acknowledges ObamaCare Is Leading to Layoffs

"Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff"

The Federal Reserve on Wednesday released an edition of its so-called "beige book," that said the 2010 healthcare law is being cited as a reason for layoffs and a slowdown in hiring.

"Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff," said the March 6 beige book, which examines economic conditions across various Federal Reserve districts across the country.