Obamacare: Full time jobs down 240,000 in June

Welcome to Obama's burger flipper economy.

New jobs report, full time jobs down 240,000 in June.

Socialist Obamacare taxes are abolishing full time jobs in record numbers.

From Zerohedge.com, "Obamacare Strikes: Part-Time Jobs Surge To All Time High; Full-Time Jobs Plunge By 240,000":

As a reminder: jobs have quantity and quality components. The quantity component was good enough to convince the 10 Year the taper is imminent (if not stocks, which continue to trade dislocated from any and all fundamentals). But how about the quality? In a word: not good.  

In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 - an all time record high. Full time jobs went down by 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs. And there is your jobs "quality" leading to today's market euphoria (if only for now).

Editor's comment - Only thing is, every time I visit a Jack-in-the-Box, McDonald's or Burger King these days, all I see are immigrants behind the counters.

Thanks to the Libertarian Republican for a heads up on this story.

For more visit Zerohedge.com