Jobs Take a Beating From Obamacare Costs

Part time without benefits is the new normal

Businesses are cutting jobs due to ObamaCare, according to surveys by several regional Federal Reserve Banks.

Health economist John Goodman noted that "three Federal Reserve Banks in Philadelphia, New York and Atlanta have surveyed the folks in their area and roughly one fifth of the employers are saying they cut back on employment.

"Roughly one fifth are saying they're moving from full time to part time," Goodman added. "More than one in ten are saying they're doing more outsourcing—all this because of the new health care reform."