globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock
The BLS Glossary defines full-time workers as “Persons who work 35 hours or more per week”.
For monthly reporting, the BLS defines part-time as “those who worked 1 to 34 hours during the survey reference week”. With that wording, I am not precisely sure where 34.1 or 34.5 hours fit.
Interestingly, the Obamacare mandate says Anyone Who Works 30-Hour Week Is Now ‘Full-Time’
A little-known section in the Obamacare health reform law defines “full-time” work as averaging only 30 hours per week, a definition that will affect some employers who utilize part-time workers to trim the cost of complying with the Obamacare rule that says businesses with 50 or more workers must provide health insurance or pay a fine.READ MORE
“The term ‘full-time employee’ means, with respect to any month, an employee who is employed on average at least 30 hours of service per week,” section 1513 of the law reads. (Scroll down to section 4, paragraph A.)
If an employer has 50 or more “full-time employees” and does not offer health insurance, it must pay a penalty per employee for each month it does not offer coverage.