Slashed Retail Worker Hours Linked to Obamacare Fears

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.

#Obamacare #Jobs