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-- Fox News alert a brand new snapshot of the employment situation in America as the Labor Department releases the June jobs report.
A US employers stepping up their hiring adding 195.
Thousand jobs last month with more people starting to look for work and the unemployment rate it stayed steady.
At seven point 6% unchanged from the month before and Douglas Holtz -- -- is a former director of the Congressional Budget Office.
And he's now president of the American action form thank you for joining us.
My pleasure so did these numbers give you hope for a better -- -- me and the second half of 2013.
Well there's certainly a lot of good news in this report we we saw 109 -- 5000 jobs and perhaps just as importantly.
Upward revisions of 70000.
In April and may.
We saw more people -- the labor force we saw increases in earnings and got it gives.
A foundation for income growth so there's a lot of good news here.
But at the end of the day we still had the unemployment rate at seven point 6% ten.
The broadest measure of unemployment rose from thirteen point eight to 143 point 3% so.
Despite the progress been made -- there a lot of people unemployed.
And more troubling a lot more part time employment in the labor force -- -- -- see that go ways if we can declare victory.
So you're also looking at a level of labor market activities so how easily make that better.
I think the real problem -- United States is structural difficulties in federal policy we have.
The need for tax reform we have the need for real title reform so we don't have so much -- How we could stand have a good regulation reform.
And so until we get that done the -- the private sector is gonna do the best to -- but it's got severe headwinds.
So in summary said that the bottom line is that the June net jobs report just released was strong on the employer side.
And more the saying though for the households.
Yeah I think households are looking for the sign that the employment community's going to ramp up to 250000.
Jobs and generate a lot more income so they can be confident enough to go out and spend it.
And we're doing OK there's no bad news here but there's not enough good news.
To really -- -- -- declare victory is they were on a solid sustained recovery are right so as some other news is it that I wanted to ask you about is this delay.
In the health care mandate and how will that affect the jobs numbers.
What's interesting as I mentioned there were 322000.
More people who reported -- -- working part time and voluntarily.
And one of the concerns.
Is the health care law has a big incentive to turn full time employees in a part time employees.
Now they've waived the enforcement for a year and you might hope that employers would you know given a reprieve decide to keep full time workers.
But there's some concern that they recognize that landscapes just changed and they should have a part time labor force and we're seeing a little bit of that in the data.
So it's not obvious that you know -- one -- off change that very much that we've talked.
-- at length about the political implications of this I would ask you about.
You know viewed from a health insurance perspective and the cost implications.
I think this is a very bad move from a policy perspective.
There are a lot of employers sort of think not dropping health insurance they've done the arithmetic and it's in their interest.
What this decision essentially is says -- you've got one year when you can do it for free there's no penalty that will accelerate whatever decisions they might have made.
That's bad for the consumer because their health insurance will change that means that doctors change as bad for the budget because more people -- going to be on the government's take and that's going to be expensive.
And yeah previously having been with the Congressional Budget Office it was and the CB -- know that actually estimated just back in May.
That -- at what billion dollars would be earned from these penalties and 2015.
I'm from -- those being assessed in the year 2014.
There will will certainly be missing the money from the finds five to ten billion dollars quickly.
My concern is that -- be a bigger price tag that comes when people moved from employer insurance.
To the subsidize government insurance and that's a big dollar impact OK so bottom line for families sitting at home.
What did they need to worry about.
They should have been worried about holding on to the insurance they have they should worry more today all right thank you Douglas we appreciate you joining us right.
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