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Job Changes By Sector In Past Year
Curious which sectors, according to the BLS, have been hiring in the past year? Per the Establishment survey, of the 1,949K or so jobs added in the past year, the bulk of additions have come to the Professional and Business Services sector (525K), Education and Health (414K), and Trade, Transportation and Utilities (345K). Government has actually seen a decline in total jobs in the past year.
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How many jobs were added in china from this list ?
http://www.freefdawatchlist.com/2012/11/premarket-gainer-and-loser-for-nov-2nd.html
Loss of government jobs? Just wait until the interest rate on all that debt goes from 14 basis points to 500 basis points, then you will see some real government job losses.
Kinda shocked to see that gov added no jobs last year. But then again when do you really see them do layoffs?
Its only the working sector, that takes the brunt of it all.
The problem we are having now, is the shift from High paying jobs, to low paying jobs.
That is where the real impact is.
http://www.dailyjobcuts.com
Corporate profits are at record highs, hence the hiring of the suits. It takes a skilled staff to correctly project the elasticity of the product line and to change the size and price of the product line to keep profits going at the pace of inflation. It’s not as easy as it sounds.
The profits are “fake” profits reflecting more the inflation occurring from monetary expansion.
In an inflationary environment companies need business skills to market, price products, and repackage.
If the economy was having genuine noninflationary productive growth you would see the investment portion of the economy booming.
Construction, Manufacturing, mining and logging would be better performers.
http://research.stlouisfed.org/fred2/series/CP
So why is it being reported that private sector job cuts are increasing?
http://www.foxbusiness.com/news/2012/11/01/challenger-us-based-firms-pla...
Because "keeping up with inflation" used to mean profits from foreign sales (in foreign currency) exchanged into dollars, but now means "firing a lot of people to pad the bottom line".
Fire staff, replace the product line with cheap imports, translation keeping up with inflation.
Anyone else see a dollar bubble fearing any sharp objects?
Japan first.
I think some states are shedding jobs (cali cops in a few locales heh)... presumably the net zero would have to come from federal jobs created...
Of course, with the interconnectivity of private jobs dependent upon governmental jobs/actors, I'm not sure every government job lost doesn't at least contribute to underemployment of at least one private job. I'd guess it's probably multiples of this... I'm not sure you can even dissociate the two at this point.
I'd like to see 'government jobs' defined a bit more clearly.
State and local governments have been triming workforce, not Federal
It's impossible to do without a very large guess... the interconnectivity of government and private jobs at this point is nothing short of inmeshment. If the government owns 40% of your broke dick financial institution, then is 40% of your work force considered government employed? What about the other 60% who were completely dependent upon the government largesse? What about the "private" sector jobs that rely upon the bank jobs to make ends meet? Too much speculation. I think we'd all be scared with what was left after removing uncle sam's arm from the private sector sock puppet's ass.
I think it is good news that employment in the government falls. It would be better to make this process faster, although government spending are not just workers. Any effort made ??by the government to lower its costs will be good for the country's economy.
Please forward your request to the smucks at Apple who are best at hiring in China.
Odd, where's the part time, no benefits, minimum wage "take it or leave it" job category?
Are those "jobs added to financial activities", relatively normal, low, high, on an annual basis?
Good question. There should be a Miscellaneous category to accomodate former gubmint employees ( paper shufflers, rackers and stackers, vile obstructionists, etc.)
Good question. And what percentage of the jobs listed are part time? Government jobs are full time.
I sold all my gold 1 microsecond after the release because I'm a fast reader and I believe everything the government says. I'm not sure exactly why a jobs number makes gold go down, but I'm practically a genius anyway. #winning
Good job amigo......you'll fit into the collective well.
Any jobs actually created are at a fraction of the salary the person hired used to make. Plus they are prob without benefits or substantially reduced benefits. Yet that persons cost of living has gone nowhere but up. I am sure CNBC will cover this right after commercial break.
I second that.
"I am sure CNBC will cover this right after commercial break."
LOL. I'm sure it's on the to-do list...
Yep, just like 1865:
I'm sure there were a lot of African Americans 'employed' just prior to the Emancipation Proclamation.
We used to call them 'slaves.'
I think the correct term now is "bipedal cotton gin".
"Business services"?!?!? Is that anything like a "financial product"?
More fucking paper-pushers that create nothing of real value?
- FAIL
It looks like America is back! With the upcoming interest rate hikes to slow this roaring economy gold and silver is down, and the Ameritrade servers are on fire with all the active traders levereging up in this hot market. Fuck yeah baby we will all be rolling in the dough over the next four years......literally we will have fiat coming out our asses.
Do I detect a shade of disillusionment?
I get a little irritated on heavy propoganda days. It's a constant fight teaching my kids how to recognize it,and ithe propogandists keep getting better at it. I hate to see what it's like when they inherit this mess.
Which goes to show just how accurate the report is actually. And why "no one showed up...nor will they ever show up....for Hurricane relief." Like I said "the Plan was for a Hurricane PARTY at Club Cloud way up high in the Chrysler building!" Not to save "all you little people who have to drive to work." Let alone "people who drive for a living." Your DestinyUSA awaits. Just remember what Shakespeare said..."revenge is a dish best served COLD."
Does "Professional and Business Services" include immigrants who cut lawns for professionals and businesses?
Funny, my definition of private sector must be different from them. Industries that are wards of the state don't qualify; education, health, and utilities are just government embezzlement schemes that are off the official books.
right, because other industries don't get any subsidies. - FAIL.
This is good. Must be getting more difficult for the globalists to keep the wars going.
hedge funds screaming in pain today as AAPL continues slide, and now Verizon just warned of big losses. Fade this cocksucking pump...the margin calls are coming bitchez.
Two words......ear plugs.
...only if it creates a liquidation crash in PMs. That's the moneyball the lever-pullers have been licking their chops over. A mid 1600 handle for Monday is just what the incumbents are hoping for.
The trade seems to be long S&P futures and short Mitt on Intrade.
annual rate of growth in average hourly earnings dropped to 1.6%, the lowest rate since September 1986
Professional and Business services = hookers to banksters and fed employees!
Education and Health = treatment of sexually transmitted diseases (STD's or sucking the dough!)
It is a shame when you have to give Jim Rogers "extra" props for saying: There isn't one Government # he would even come close to believing.......
To trade on lies and deceit was for China, yet here it is on our shores along with the well-published lead-tainted toys.....
This is, getting a tad ridiculous.....
An astounding amount of I-140s were processed (and fees collected) to pump the numbers in the "professional" category.
Just guessing, but that's all I do now as real information with which a rational discernment can be made is unavailable.
What level of rioting is expected if Barry flops on Tuesday? Is there a trade on this or at least a Vegas line? Inquiring minds want to know...
No need to worry. UN voter fraud inspectors are on the job.
All of your votes are belong to us.
5-2 that the inner cities burn.
Need a graphical representation of layoffs by sector for the same time.
I checked the numbers with the Bureau of Labor and Statistics and they are similar. Looking at State by State may change the statistic. States are losing jobs as in California and states are adding jobs like North Corilina. You will have to hire a teacher, a whearhouse fork lift driver and a secritary in payroll for the added population leaveing california and moving to NC. This is more of a population shift than jobs. Also as was said earlery the part time jobs are not defined by catagory. This is one of those articals thrown together by a under imployed writer in about 5 min. Still works as it makes me think of what a mess we are in.
oops
Here is the link to Rick Santellis jobs rant this morning, if you missed it. Rick Santelli Shouts At CNBC Colleagues, Insisting Obama Oversaw Net Job Loss | Mediaite
IT is clearly dead
Most smartphones these days seem to be getting bigger and bigger but Motorola has gone in the opposite direction with its latest Android phone, theZerofire E5 Android 4.0.3 3G Smart