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Chart Of The Day: Jobs "Additions" By Age Group Reveals The Scariest Picture

Tyler Durden's picture


While the GETCO algos care only about one thing: the headline NFP number derived by the establishment survey, the reality is that in November this number was strictly a divination of seasonal adjustments (which resulted in the typical for November 1.2 million "gain" in jobs), as well as who knows what other Sandy-related adjustments which the BLS has not broken down, the reality is that a more granular dig through the jobs data reveals a far uglier picture, especially for those in the prime working demographic between 25-54. This has been a sensitive issue for the pundits as ever since the arrival of the Obama administration, all the job gains have gone in the 55 and older job category as we now see age outsourcing, while jobs in the 55 and lower age group have imploded. Sure enough, the November data, when seen through the prism of the Household Survey's age distribution, is frankly horrendous.

First, what that granular data shows is that instead of a 146K gain in November, there was actually a drop of 114K jobs when broken down by worker "vintage." But where it gets simply stupid, is that of the 4 age group buckets (16-19, 20-24, 25-54, and 55-69), the biggest gainer continued to be America geriatric work force, which added 177 jobs. As for that key segment of the workforce, the 25-54? Jobs here declined by a whopping 359K in November. And this is good news?


And the really scary charts: cumulative jobs gained or lost in the 55 and under, versus 55 and over age groups. In case it is confusing, since Obama became president, 4 million jobs have been added in the 55-69 age group. Everyone else? Down 3 million!

The same as above but broken by all four age cohorts:

Since Obama became president, over 2.5 million jobs in the 25-54 age group have been lost.

Welcome to the Recovery.

Source: BLS

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Fri, 12/07/2012 - 10:53 | 3042524 hugovanderbubble
hugovanderbubble's picture

Spain to be downgraded to Junk by Moodys


Finland to lose AAA

Fri, 12/07/2012 - 11:08 | 3042547 slaughterer
slaughterer's picture

Oldies need work more, and have the motivation, pluck and skills to do it.  Dumb, whining youth with no skills must starve... and hopefully die off.

Oldies bitchez... they have more guns, too.   

Fri, 12/07/2012 - 11:08 | 3042605 Dalago
Dalago's picture

I'd like to see the chart right before a genuine (non-USA manufactured) revolution.  The youth will probably look the same.

Fri, 12/07/2012 - 11:12 | 3042627 old naughty
old naughty's picture

America IS NOT the world.

It is consistent with eveywhere else, no?

Fri, 12/07/2012 - 11:18 | 3042659 Dalago
Dalago's picture

@old naughty: Its similar throughout the world.  USA just has less shit on its collar.

Fri, 12/07/2012 - 12:39 | 3042895 hedgeless_horseman
hedgeless_horseman's picture




The job growth suggests that most employers aren't yet delaying hiring because of the "fiscal cliff."


-Christopher S. Rugaber, AP Economics Writer

The above sentence suggests that most economics writers aren't yet delaying writing propaganda because of a "real good education." 

Beyond this workflow...

  1. http://www.bls.gov/bls/newsrels.htm#latest-releases
  2. Ctrl-A
  3. Ctrl-C
  4. Alt/Tab
  5. Ctrl-V
  6. Ctrl-S
  7. Ctrl-P

...it gets a little tougher.

Fri, 12/07/2012 - 12:41 | 3042988 NotApplicable
NotApplicable's picture

So basically that chart dispels the myth that old people actually enjoy eating dog/cat food.

Fri, 12/07/2012 - 14:36 | 3043417 caconhma
caconhma's picture

This is the American tragedy. People, who have worked hard all their lives, contributed to Medicare and Social Security, and saved for their retirement, are now are poor and starving because they were robbed and their  savings were wiped out by the Zionist Banking Mafia assisted by their utterly corrupt "representatives" in the Congress and the White House. Now, these old and sick people must go back to work just to survive.

All this discussions about an economic recovery is a total BS. A country that screws its own citizens so badly does not have any future.


Fri, 12/07/2012 - 16:47 | 3043840 Freddie
Freddie's picture

Blame the sheep who watch TV and Hollywood's crap.  If you are one then you deserve to be a serf.  Fox is no better.  F TV, Hollywood, newspapers and ALL the media. 

Fri, 12/07/2012 - 11:19 | 3042666 francis_sawyer
francis_sawyer's picture

If the chart is accurate, then it basically means that Uncle Sam isn't hiring [unless all those 16-19 jobs are page boys for Barney Frank]...

Fri, 12/07/2012 - 11:33 | 3042732 roadhazard
roadhazard's picture

And those elderly jobs are jobs that pay less than anyone else will work for. That SS check does not last two weeks in this brave new world. A Salavtion Army bell ringer does not make much but looks damn good on employment rolls. It's all just phony, BS numbers.

Fri, 12/07/2012 - 11:49 | 3042818 imapopulistnow
imapopulistnow's picture

"Since Obama became president, over 2.5 million jobs in the 25-54 age group have been lost."

Inversely correlated to street sales of Oxycontin.

Fri, 12/07/2012 - 11:58 | 3042846 derek_vineyard
derek_vineyard's picture

santelli just said 'soon we will have an unemployment rate of 0, because we wont be counting anyone as unemployed'

Fri, 12/07/2012 - 16:49 | 3043848 Freddie
Freddie's picture

I would bet jobs lost in that demographic are closer to 5 million people.  Hope & Change.  Keep watching TV and Hollywood crap you sheep.  Your viewership and paying for cable & sat TV keeps em in power.

Fri, 12/07/2012 - 11:22 | 3042688 Stock Tips Inve...
Stock Tips Investment's picture

It does not seem very critical of this information. Probably not the best structure of employment growth we could have. But growth is growth.

Fri, 12/07/2012 - 11:43 | 3042796 Eally Ucked
Eally Ucked's picture

delusional, delusional, old guys take whatever shit jobs are available just to supplement their SS displacing students from their traditional jobs. Now they have double number of senile workers at any store you go to, wheelchair workers, even mentally crippled - equal opportunity employers!. But who makes income to pay taxes? And where? I like numbers too!    

Fri, 12/07/2012 - 11:46 | 3042808 Terminus C
Terminus C's picture

Older people will work for less, think Wal-Mart greeter, which just provides more evidence of the degradation of the economy.

This is not 'growth'.

Fri, 12/07/2012 - 12:06 | 3042875 Panafrican Funk...
Panafrican Funktron Robot's picture

There are some pretty great tax breaks for hiring older folks too.  

Fri, 12/07/2012 - 12:09 | 3042886 MiltonFriedmans...
MiltonFriedmansNightmare's picture

In USSA, all your growth are belong to us.

Sat, 12/08/2012 - 12:10 | 3045458 Bedonkedonk
Bedonkedonk's picture

"Probably not the best structure of employment growth we could have, but growth is growth."

By that measure, so is paying someone to dig a hole and fill it back up.

Fri, 12/07/2012 - 11:13 | 3042628 Central Bankster
Central Bankster's picture

In Soviet USA, the central planers pretend we all have jobs, and we the employed, pretend to actually work. 

Fri, 12/07/2012 - 12:17 | 3042911 bigkahuna
bigkahuna's picture

they pretend to pay us, we pretend to work.


(actual quote from soviet worker-fits well in USSA)

Fri, 12/07/2012 - 12:42 | 3042992 NotApplicable
NotApplicable's picture

Oh, shit! It's Friday already!

*scurries off to fake a week's worth of effort*

Fri, 12/07/2012 - 11:14 | 3042637 exi1ed0ne
exi1ed0ne's picture

Motivation, pluck, and skills have nothing to do with it.  Take a look at the earnings quality.  There is no way someone can pay off college loans, start a family, raise a family, etc on those wages UNLESS they are subsidized by SS payments.

$7 an hour won't feed a family, but it will allow you to buy the premium cat food when added to your SS stipend.

Note: this is NOT an argument for a "living wage" or any of that fucking crap.  I'm just noting that SS is now another subsidy to business in order to defray the cost of salaries for low/starter skill positions.

Fri, 12/07/2012 - 11:50 | 3042821 MachoMan
MachoMan's picture

prepare to get the shit down voted out of you...  I've been making the same argument for some time, but to little avail.  The other issue is that older workers have had more time to accumulate wealth and, thus, can draw from that wealth while working...  it's not solely SS that allows them to work more cheaply than their younger counterparts...  e.g. no dependents, lack of student loans, don't know how to use technology, etc.

Fri, 12/07/2012 - 11:59 | 3042851 exi1ed0ne
exi1ed0ne's picture

It really gets interesting when you realize that in current economic thinking wage increases = price inflation and is in all the models.  Subsidizing the low end (majority of jobs) to keep a cap on the wage price helps paint the inflation tape.

Fri, 12/07/2012 - 12:19 | 3042921 HappyCamper
HappyCamper's picture

I’ll often give s thumbs up to a poster that I may not totally agree with.  If they have a well thought out point and they articulated well, then they deserve it.   You made a good point too, so thumbs up!

Fri, 12/07/2012 - 12:47 | 3043008 Thisson
Thisson's picture

I think your first point is more valid than your second point.  Savings rates in this country have been very low for a long time.  The average 401k balance is what, 60k?  There's not a lot for the old folks to draw down on, unless they've got pension income (I hear that used to be fairly common back in the day).

Fri, 12/07/2012 - 15:52 | 3043660 MachoMan
MachoMan's picture

$60k > -$60k.  Every little bit helps.

Obviously the entire concept is not sustainable.  Anyone with savings in this working category is still depleting the savings (probably rather quickly).  So this is only a temporary solution, at best, to kick the can.  At some point nana is gonna want a raise.

Fri, 12/07/2012 - 16:51 | 3043852 Freddie
Freddie's picture

It is a shame Americans do not have the guts that the Egyptians have.

Fri, 12/07/2012 - 18:24 | 3044126 MachoMan
MachoMan's picture

Why?  It appears that all guts have managed to gain them is a dictatorship...  turmoil...  discourse... 

I'm not sure guts is enough.

Fri, 12/07/2012 - 11:57 | 3042843 Race Car Driver
Race Car Driver's picture

 > ... SS is now another subsidy to business in order to defray the cost of salaries for low/starter skill positions.

But these folks are paying back into the system while collecting. We don't need younger workers to pay... it's zero sum. Like a perpetual motion machine. .gov is brilliant for allowing us to do this... and here you sound all ungrateful, an' shit.

Fri, 12/07/2012 - 12:14 | 3042905 HappyCamper
HappyCamper's picture

That's why a work at Wal-Mart as a senile drooling greeter. It supplement’s my SS income so I can have premium cat food to eat, baby!  Isn’t this economy great?

Fri, 12/07/2012 - 11:14 | 3042641 GMadScientist
GMadScientist's picture

Only a complete dipshit could read this as anything other than desperate.


Fri, 12/07/2012 - 11:39 | 3042779 Seer
Seer's picture

This age group also has the most money/wealth, it's the most influential voting block.

Saw this forming several years ago as the auto workers union voted to maintain retirement benefits and current wages and to reduce entry-level pay.

Way back when I was part of the "dream" I had a full-on retirement plan which relied on selling my house years in the future.  Fortunately I woke up from the dream and saw the problem with this (as noted in the sentence preceding this one)- sold that house (prior to the bubble bursting).  My current home is no longer an "investment," something that I plan on selling to a future generation.

Fri, 12/07/2012 - 15:57 | 3043296 Lin S
Lin S's picture

That's increasingly untrue. 

As Hispanics increase as a percentage of the overall U.S. population, aging baby-boomers will become irrelevent.

Look around you, it's already happening.  California is what the United States will be in 20 years, and maybe even 10.


Fri, 12/07/2012 - 17:17 | 3043934 sessinpo
sessinpo's picture

All age groups are being decimated. While you state "This age group also has the most money/wealth, it's the most influential voting block.", what you miss is that even as a certain group of people have more wealth compared to others, is it enough to fund their retirement?

Thus this thread actually refutes your thinking because if those age 55 and older were set, why would they be working? Non logical. This is subtle liberal thinking that doesn't add up.


What you don't see is that this "influential voting block" is desperate and that shows in they way they act such as the very description you provided "Saw this forming several years ago as the auto workers union voted to maintain retirement benefits and current wages and to reduce entry-level pay."


In other words, people are seeing that there is a limited  amount of resources to  pay  for their "wants", their lifestyle. And they are willing to sacrifice the younger generations to pay for it. Sound familar. How about the $16 trillion and growing debt that future generations wil  have to pay for when the current beneficiaries will be long gone and dead.



Fri, 12/07/2012 - 12:21 | 3042932 dark_matter
dark_matter's picture

Mmm, mmm. I do love the taste of seed corn.

Fri, 12/07/2012 - 12:45 | 3043003 Vince Clortho
Vince Clortho's picture

The Old against the Young.  Great Idea. 

Don't encourage the CPs, they may turn your idea into action.

If they like it, there should be a plethora of movies, books, and media specials soon.

Will it be the terrorist teens against the freedom loving oldies, or vice versa?

Stay tuned.

Fri, 12/07/2012 - 12:58 | 3043037 Kobe Beef
Kobe Beef's picture

The young need to start their own industry. I hear there's a real market need for bankster headhunters.


Fri, 12/07/2012 - 15:50 | 3043656 pine_marten
pine_marten's picture

Like they say - "don't mess with an old fart, since he can't fight you he'll just kill you".

Fri, 12/07/2012 - 13:28 | 3043143 alangreedspank
alangreedspank's picture

There's some of that and there's also the fact that the system they created with the goal of retiring on the next generation's tab isn't exactly panning out.

Fri, 12/07/2012 - 11:02 | 3042566 PD Quig
PD Quig's picture

"This is good news?"

It's GREAT news. All the bonehead youngsters (who by the way, are so well educated that they don't think anal sex and fellatio are sex) are learning a great lesson here. You voted for a guy who is destroying jobs like it was his purpose in life.

Bring on the hate.

Fri, 12/07/2012 - 11:08 | 3042597 CrimsonAvenger
CrimsonAvenger's picture

So when a woman tells me she doesn't want to have sex with me, those two things are still on the table?


Fri, 12/07/2012 - 11:14 | 3042633 slaughterer
slaughterer's picture

You can have anal with my avatar.  

Fri, 12/07/2012 - 11:37 | 3042768 Slewburger
Slewburger's picture

Your avatar reminds me of a tranny version of Michael Jackson.

Fri, 12/07/2012 - 13:09 | 3043069 fuu
fuu's picture

A recently exhumed tranny version of Michael Jackson.

Fri, 12/07/2012 - 13:31 | 3043151 alangreedspank
alangreedspank's picture

"Your avatar reminds me of a tranny version of Michael Jackson, but then again, I'm repeating myself."

Fri, 12/07/2012 - 11:18 | 3042658 GMadScientist
GMadScientist's picture

Because if they voted for "the other guy", they'd have really awesome positions...

...in Guatemala.

Fri, 12/07/2012 - 11:23 | 3042683 francis_sawyer
francis_sawyer's picture

Jesus Tapdancing Christ... We had to hear all the Romney/Obama crap for a whole year before the elections... But some insist on re-living it all... I mean ~ How long did it take everyone to get over Nixon/Agnew vs. Humphrey/Muskie?...

I'll bet y'all think about that all the time...

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