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Background on Mark Zandi, Moody's economist
He was a massive supporter of Obama and Obamacare and now...
"Small businesses accounted for 50,000 of the new positions in April, but Zandi noted that the sector is seeing a slowdown likely attributable to the onset of the Affordable Care Act national healthcare plan. Companies with more than 50 employees will fall under the umbrella of the plan, also known as Obamacare.
"The data seems to be suggesting healthcare is having an impact," Zandi said.
Spring Slowdown Paints Ugly Picture for Jobs: ADP
He was a massive supporter of Obama and Obamacare and now...
"Small businesses accounted for 50,000 of the new positions in April, but Zandi noted that the sector is seeing a slowdown likely attributable to the onset of the Affordable Care Act national healthcare plan. Companies with more than 50 employees will fall under the umbrella of the plan, also known as Obamacare.
"The data seems to be suggesting healthcare is having an impact," Zandi said.
Spring Slowdown Paints Ugly Picture for Jobs: ADP
