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Wednesday, July 17, 2013

Zuckerman: Uncertainty Over Federal Policy Keeps Employment Weak

Obama's Jobless Recovery Is 'Phony'

The nation's recovery from the recession is "phony," with the employment picture remaining bleak despite President Barack Obama's claims to the contrary, Mortimer Zuckerman, chairman of U.S. News & World Report, charges in a hard-hitting Op Ed, Tuesday.

Part-time workers are taking the place of full-timers, with even the government employing more than 2 ½ times as many part-timers as it did a year ago, Zuckerman says in the piece for The Wall Street Journal..

"At this stage of an expansion you would expect the number of part-time jobs to be declining, as companies would be doing more full-time hiring," he writes. "Not this time.

"In the long misery of this post-recession period, we have an extraordinary situation: Americans by the millions are in part-time work because there are no other employment opportunities as businesses increase their reliance on independent contractors and part-time, temporary and seasonal employees."

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