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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 - 11:40 | 3042784 CH1
CH1's picture

How long did it take everyone to get over Nixon/Agnew vs. Humphrey/Muskie?.

If the overlords have their way, they'l NEVER get over it. It's what keeps their game going.

Fri, 12/07/2012 - 11:44 | 3042801 GMadScientist
GMadScientist's picture

I didn't specify Romney.

Fri, 12/07/2012 - 11:45 | 3042803 Grinder74
Grinder74's picture

[Mohammed] Tapdancing [Prophet]... We had to hear all the Romney/Obama crap for a whole year before the elections...

FIFY.

Fri, 12/07/2012 - 11:53 | 3042832 francis_sawyer
francis_sawyer's picture

JBTFD is the only acronym I know...

Fri, 12/07/2012 - 12:12 | 3042898 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

I guess Bill "I did not have sex with that woman" Clinton set the precedent with all those bonehead youngsters.

Fri, 12/07/2012 - 12:18 | 3042915 dark_matter
dark_matter's picture

Is fellatio sex? It depends on what your definition of is is.

Fri, 12/07/2012 - 11:03 | 3042568 rubearish10
rubearish10's picture

Are you making an announcment?

Fri, 12/07/2012 - 11:26 | 3042677 forwardho
forwardho's picture

The entire world to be downgraded to junk by reality

humanity to lose.

Fri, 12/07/2012 - 12:24 | 3042941 Seer
Seer's picture

"Whether we and our politicians know it or not, Nature is party to all our deals and decisions, and she has more votes, a longer memory, and a sterner sense of justice than we do." - Wendell Berry

"Men argue, nature acts." - Voltaire

Mother nature bats last.  The virtual is NO match for the physical, no matter how many times we click our heels together.

Fri, 12/07/2012 - 14:24 | 3043379 daxtonbrown
daxtonbrown's picture

This is great news! Old farts are working more, so we can slash their social security!

Fri, 12/07/2012 - 10:55 | 3042530 Lost Wages
Lost Wages's picture

I never liked working anyway.

Fri, 12/07/2012 - 11:16 | 3042647 Urban Roman
Urban Roman's picture

"Jobs" ... the whole concept is sooo 20th century.

Fri, 12/07/2012 - 11:19 | 3042665 Karl von Bahnhof
Karl von Bahnhof's picture

Jobs is dead, Cash is dead and Bob Hope also...

Fri, 12/07/2012 - 12:26 | 3042949 Seer
Seer's picture

Actually, there's a lot here...

"Work" and "jobs" are not the same.

"Jobs" is what TPTB use to harness your energy for Their gain.

"Work" is energy applied, and when done on one's own accord it means that which (helps to) sustains one's own life.

See the difference?

Fri, 12/07/2012 - 10:55 | 3042533 lordbyroniv
lordbyroniv's picture

once detached from the labor force....you dont go back.  The jig is up as far as Im concerned.  At this point,...I dont even wanna work!!!!

Fri, 12/07/2012 - 11:08 | 3042600 Dan Conway
Dan Conway's picture

Aren't those 20 somethings the slave force I mean workforce to repay all of this debt and pay for social security, medicare, disability, snap, public pensions?  Somebody better tell them to get to work - NOW!

Fri, 12/07/2012 - 12:25 | 3042946 HappyCamper
HappyCamper's picture

Get a job, hippie!

Fri, 12/07/2012 - 12:46 | 3043005 Harbanger
Harbanger's picture

He's over qualified at this point.

Fri, 12/07/2012 - 10:55 | 3042534 FLUSA.com
FLUSA.com's picture

Sport stars retire young

Fri, 12/07/2012 - 10:56 | 3042535 ParkAveFlasher
ParkAveFlasher's picture

God Bless our Elderly.  They are showing piss and vinegar.  Take away their retirements?  Fuck you sonny, I'm taking your job.

Fri, 12/07/2012 - 10:59 | 3042546 LawsofPhysics
LawsofPhysics's picture

Correct.  Might want to look into how many of those folks are armed and/or veterans as well.  

Fri, 12/07/2012 - 11:01 | 3042562 Sauk Leader
Sauk Leader's picture

Hey, I guess they're right. Senior citizens, although slow and dangerous behind the wheel, can still serve a purpose.

Fri, 12/07/2012 - 11:14 | 3042636 Rainman
Rainman's picture

...and the geezers are more likely to pass the pre-employment drug test for bath salts and ecstasy.

Fri, 12/07/2012 - 12:05 | 3042872 Race Car Driver
Race Car Driver's picture

Because heaven knows one can't earn a living without pissing in a cup for the plantation owners.

Fuck piss sniffers.

Fri, 12/07/2012 - 16:54 | 3043870 Freddie
Freddie's picture

I had to make that hiring choice in the past.  The older person always showed up, worked hard and was honest. I also treated them well.  America is ***ed - dumb sheep.  The Egyptians have more balls.

Fri, 12/07/2012 - 11:39 | 3042783 exi1ed0ne
exi1ed0ne's picture

Retirees need to take it easy and relax in their golden years.  I like my Soylent Green tender like veal.

Fri, 12/07/2012 - 10:55 | 3042536 SheepDog-One
SheepDog-One's picture

Yea keep spraying more gold paint on that hole we're swirling down.

Fri, 12/07/2012 - 10:56 | 3042537 caimen garou
caimen garou's picture

cant even get a job here as a wal- fart greeter

Fri, 12/07/2012 - 11:25 | 3042701 bpj
bpj's picture

WalMart did away with greeters over a year ago. Get current.

Fri, 12/07/2012 - 11:36 | 3042756 ebworthen
ebworthen's picture

I'm surprised they didn't bring in Chinese greeters.

Fri, 12/07/2012 - 11:48 | 3042813 Urban Roman
Urban Roman's picture

The focus group rejected the idea after they kept saying "Wercome to War Mart"

Fri, 12/07/2012 - 11:54 | 3042834 yabyum
yabyum's picture

They were going to bring in  a hundred or so Bangladeshi.....but killed them instead.

Fri, 12/07/2012 - 11:48 | 3042817 exi1ed0ne
exi1ed0ne's picture

No, but they have cart inspectors now at all the exits in my area at least.  The insincere "Welcome to Walmart" has been replaced with "show me your receipt!" and a pretend inventory to make sure nothing extra has "fallen" in your cart.  Now that's what I call progress!

Fri, 12/07/2012 - 12:44 | 3042996 Seer
Seer's picture

Great, way to fuck up the guy's dream!  Hope that you can sleep well knowing that he's likely jumped off a tall building! </sarc>

Fri, 12/07/2012 - 10:56 | 3042540 LongSoupLine
LongSoupLine's picture

This is not good...

 

Case in point, fuckstick Cramer's still employed.

Fri, 12/07/2012 - 12:50 | 3043023 Seer
Seer's picture

I'm not thinking that I'd take employment with his employer over being unemployed.  It's a perfect match, clowns and the circus...

Fri, 12/07/2012 - 16:56 | 3043875 Freddie
Freddie's picture

Cramer just gets to front run all his stock picks without the SEC doing anything.,

Fri, 12/07/2012 - 10:58 | 3042541 Everybodys All ...
Everybodys All American's picture

look on the bright side we only have four more years of this at most.

Fri, 12/07/2012 - 11:01 | 3042559 Dr. Engali
Dr. Engali's picture

Heh yeah that's funny....go red team! I think you forgot your sarc tag.

Fri, 12/07/2012 - 11:30 | 3042734 Everybodys All ...
Everybodys All American's picture

I get your point.

The lies, deception, lack of transparency, and lack of accountability have increased exponentially under Obama. The run toward fascism can't be denied is greater under this man.

Fri, 12/07/2012 - 12:16 | 3042914 Race Car Driver
Race Car Driver's picture

... and the trend will continue with the next CEO - a blood relative to the royal family and every other CEO before him/her - who will be even worse (for us - not so much the banks or the corporations). 

Buy a clue.

Fri, 12/07/2012 - 14:09 | 3043318 Thisson
Thisson's picture

Toward fascism?  Look around.  Pretty sure we've already arrived at fascism!

Fri, 12/07/2012 - 10:58 | 3042543 ekm
ekm's picture

As I said on the previoust article:

 

Why do the seniors have to work for few hours a week?

Why don't they gamble the saved money into the stock casino so they don't have to work?

Fri, 12/07/2012 - 11:05 | 3042578 Joe Davola
Joe Davola's picture

They fell for the "stock market goes up 4% year, you can live off that 4% forever without ever touching the principal" line.

Fri, 12/07/2012 - 10:58 | 3042544 Dr. Engali
Dr. Engali's picture

But on the plus side of things you always have a luke warm greeting when you walk into Walmart,

Fri, 12/07/2012 - 11:02 | 3042565 Cognitive Dissonance
Cognitive Dissonance's picture

Retirement hell is being forced to seek employment again to make ends meet and becoming a Wal-Mart greeter.

<Hello and welcome to China's dumping ground for useless trinkets and baubles.>

Fri, 12/07/2012 - 11:08 | 3042603 TrumpXVI
TrumpXVI's picture

That's what I'm getting out of this data, CD.

The previous thread on job quality showed all the gains in the low wage type jobs.  So, my take away is that the older age cohort is taking crappy jobs to make ends meet, but these folks are gaining jobs, unlike the younger cohorts of the labor force.

Fri, 12/07/2012 - 11:19 | 3042668 GMadScientist
GMadScientist's picture

Hopefully some are smart enough to turn it into a CC number collection and "inventory control" enterprise to "supplement" their SS (because fuck anyone who shops with a credit card at Wal-Mart).

Fri, 12/07/2012 - 11:16 | 3042648 exi1ed0ne
exi1ed0ne's picture

Welcome to Costco, I love you.

Fri, 12/07/2012 - 11:23 | 3042690 HurricaneSeason
HurricaneSeason's picture

Yeah, why is that? Have they even considered using a couple pole dancers at the front door? At least on the garden center entrance. They could be Eves with fig leaves or something. I should be in marketing, those power tools are expensive and could be more so.

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