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Where The Jobs Were In February
Working (or looking for a job) in the wrong industry? Find out with the chart below, which shows where the job additions (and lack thereof) were in the month of February.
Source: B(L)S
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Are prostitution and cocaine in "Professional Services" or "Leisure and Hospitality"?
Or maybe they're in with "Finance" these days?
Isn't it "Financial Activities?"
Now that stock investors are sitting on some sweet profits, many are facing some tough questions:
Here are some answers of my own, that I hope are helpful. First of all, my advice is to stay invested. The four-year chart of the S&P is one of the strongest charts I have ever seen - the technicals are all screaming buy. As for heading, I would suggest diversifying into US treasuries as a safety play. If stocks sell off, the treasuries will serve as a superb hedge.
You should sell all your holdings and put everything into Faceplant
You could take your nominal profits and blow it all in Vegas, they need the money...
Las Vegas strip casino gambling revenue fell 18.7% in January
Put some liquidity into a diversified portfolio, try to avoid fat-tail risk.
Anyone else junk MDB out of habit, without reading his always bolded attention whoring response?
Harley riders aren't the only fags.
Any guy who decks out his hog and rides around in nice shiney leathers with pressed jeans and a pot belly is a fag. Easy Rider was a bad movie (watch it again and you'll wonder what the f...). These old rebels without a clue are living out some fantasy life believing they are Fonda or Nicholson. Can't wait for another 30-year to pass and see these same type of assholes getting ol-school getto wearing their sansbells under their butts chillin and looking stupid. Word! Vanilla Ice baby.
That chart, definately shows a weird picture.
There has been cuts in every sector, and Business sevrices had the biggest increase??
Then construction? we are only in March, Feb construction is normally semi slow.
Repost:Full Layoff List
http://www.dailyjobcuts.com
White collar and construction? Is the data seasonally adjusted?
Isn't it "Mining and Logging"? What kind of category is "Mining and Lodging"? Is that like, roadside Motels for miners?
And if they can make glaring mistakes here, where else have they made glaring mistakes?
So it was all H&R Block?
Well, chart is interesting
.
Must be in thousands, or is this a Maxine Waters kinda thang?
Huh?
No, MDB is hilariously funny. It's pure sarcasim. Read him/her as an intellectual exercise. Sometimes he/she get's it wrong but no one is perfect.
And yet, if you followed his advice (generally) in the last 3 years, you would of done well. I don't think even he knows how right on he was.
Well, MDB has only been around a year and half or so and - not sure if you've caught this by now - but not many mindless followerers in this crowd. Some, but not many... Seeking Alpha is great if you want to go do some following...
I find it hilarious how Ben's mainstream media uses economic fundamentals (job report) to explain a constant upside that everyone on the planet knows is perpetuated by Ben's liquidity, that has proven itself over the last four years to have absolutely nothing to do with the economic fundamentals. In other words, we are up today 5 spy points because 240K jobs were supposedly created? But we are up 110% in four years because we have an unemployment rate of 8.00%. You have to be a moron to be in this travesty. BTW, the person, fund or company that fearlessly rode this confusion to the point of the current parabol, couldn't possibly HAVE THE NATURE to get out IN TIME with their shirt when this thing breaks.
Nope, I always try to keep the rating balanced
I don't think you understand how trolls work.
MDB thanks you for your participation.
FOR TEH LULZ
A troll's job is to entertain; he/she/it is boring.
I also don't think Nicki Minaj is entertaining, but that's just me.
There's no accounting for taste.
"You could take your nominal profits and blow it all in Vegas"
We are all Vegas gamblers in the era of the Bernanke Put. Bonds, Stocks, real estate, cash, etc they are all a gamble as the Fed makes all investments "high risk".
Investments? I was speaking more of blowing his money on out-of-vestments.
If MDB needs to go short, as I suspect, he might find a little head-and-shoulders as an entry point; small-time players should avoid long straddles.
I would like to put some liquidity where that racially diversified portfolio is and go fully long naked.
However, I heard they prefer their risk fat-tailed, if you know what I mean.
Tough choice.
notice how you never see MDB & Lazlo Birinyi in the same room together?
~~~
Strange
I haven't seen ratso in a while...
Back to the chart... I'm wondering where the BAR is on that showing how many went "Galt"...
The odd thing is, construction has always been somewhat "galt" as far as statistics. I worked as a carpenter in my youth, and we usually had the option of payroll or cash (same rate). Makes the chart even more surprising.
Come to think of it, I've never seen MDB and TurboTax Geithner in the same room together.
sorry, azz, all my money is tied up in MFGlobal.
Short the 'Truth'
Go long the 'Lies'
I have a GE profile french door double bottom freezer that works intermittiently.
Should I replace the mainboard with the the WR55X10956 assembly?
No, replace that G-hetto E-quipment fridge with a SubZero. Also, you may want to keep a fire extinguisher handy if you have a GE dishwasher - the heating element spontaneously combusts - we're on our 4th recalled unit.
And in what country does GE manufacture their fridges and Blow-Out-Preventer Bolts ? Just asking...
"if you have a GE dishwasher - the heating element spontaneously combusts"
GE; "We bring great risk to your life!"
my amana fridge compressor fried after a few yrs, bought a samsung. my 25yr old sears fridge still going strong keeping brew cold in the mancave.
"Commander Chun! Have your cadres finished making modifications to the exploding dishwasher??....Most excellent!"
No, replace that G-hetto E-quipment fridge with a SubZero. Also, you may want to keep a fire extinguisher handy if you have a GE dishwasher - the heating element spontaneously combusts - we're on our 4th recalled unit.
BUY GE, and your buying Chinese, also you are helping a company that got 2 Billion from the Gub(in one of the pump n dump pkgs) when it did not need a nickel and is a CLOSE suck buddy w/ObaMao.
The tards also are saying today that Americans need to pay MORE for healthcare..........where does GE get off telling Americans they need to pay MORE?.
Hell thay are lucky to afford any now.
Remember, GE brings good thng to Life!!!.
I saw Too Big to Fail, GE needed money to fund their day to day business operations. And it was the government's fault they needed it. Or something like that.
Can't imagine the mainboard is cheap to replace...what's the likelihood that it'll go out again? ..after all it is a GE.
Cost of mainboard in install vs replacement of fridge.....
$80 from amazon
Here's EXCITING news!!!!!!!!!!!!!!
http://cnsnews.com/news/article/record-89304000-americans-not-labor-force-296000-fewer-employed-january
I've had the mainboard replaced on my Kenmore/Whirlpool Fridge. Definitely cheaper than a whole new appliance.
Remove the liquor bottles from the bottom freezer.
Remove the inside back panel.
Remove any ice build up manually with the help of a blower dryer.
The cold air passage may be frozen solid with ice (the warm air is extracted from the freezer first and cold air is metered to the fridge). I have to do this every two years or so. Sometimes it is this simple fix for the bottom freezer type when the fridge/freezer fails to cool properly.
Once again, HAHAHAHA... you funny!
At a cost of 1.9 million dollars per minute - "winning" I wonder who will pay this all back?
Two points, LoP dood.
1) They don't really have to pay it back. The Fed can let the bonds on their balance sheet reach maturity and then not ask Treasury to redeem them.
2) It's actually worse than not paying it back. They can't even reduce their purchases. It is THAT which is devastating. They are at 0.1% GDP with those purchases. What happens if they scale back? Not pay back. Not sell bonds. Just slow the rate of purchase.
Great, so things are much. much, worse. Well, an ounce is an ounce, is an ounce. Thank goodness for that.
I'm curious as to MDB's take on binary options.
Ask his mum!
Ask your congressperson.
MDB
Now I do enjoy your "humor", but you wouldn't want to lead an amateur astray would you?
MDB - You have it exactly right... I'm bearish on the economy and life in general, but if someone has any common sense, they will see that the US will be the last one to go down, and therefore, even more money will pour into the US markets from EVERY OTHER ECONOMY in the world... If you were in say GREECE and had SOME money, wouldn't you get it into something relatively safer like US MARKETS?
Capital preservation... And the charts are proving it...
The "Buyers are Higher" is so true... As this market heats up, even my paperboy will start investing his money in it... That's when it's over, and not until then...
MDB you are hilarious today.
'Now that stock investors are sitting on some sweet profits, many are facing some tough questions'
Sadly you are not one of them.
"First of all, my advice is to stay invested." and "I would suggest diversifying into US treasuries"
MDB, you are a true patriot, keep up the good work!
I still prefer to be a barbarian though...
And following along MDB's approach, it might be prudent to invest in a nice nickel plated revolver of at least .38 caliber and some soft lead loads. Stay away from the flashy magnums as their penetration is still risky even after passing through the roof of one's mouth. No reason the poor schmuck in the adjacent office should share in the proceeds of your investments when they all come realized. If you are averse to mess, you might get a can of CO and a tight fitting plastic bag and rubber band. I think it's best to wear a nice hat to keep things from ballooning too much, and, if tight enough, will keep you looking dapper even after the short trip from office chair to the (hopfeully carpeted) floor.
Idiot
Nope, its all three. Same job counted three times!
Wall Steet expense reports list them as 'Professional Services'
No worry here if we lose everything the fed will jump in an give us a few hundred billion Obama Bucks.I get my $200million yearly bonus, see no worries here!
So what you are pointing out in this graph is that there is a lot of hiring going on in the maunfacturing sector?
Worst most lying graph eva....utter BS.
I dunno.. by my count, it shows the US added 235 jobs in February. Sounds about right.
Well, BELIEVE them then! See if I care.
Financial activities?
i.e mortgage fraud, medical fraud, corporate fraud, securities fraud (including insider trading), bank fraud, payment fraud, health care fraud; theft; scams or confidence tricks; tax evasion; bribery; embezzlement; money laundering; forgery and counterfeiting, among others.
So... other than that then... it's all good?
Professional Business Services: code for [part-time] janitor, messenger-boy, and coffee procurement specialist
I thought it was prostitutional services for the club.
Or Living Maniquins. If you're a chick with big bewbies you're pretty much guaranteed a job anywhere. Those of us with penises, not so much.
Folks need to be aware that this month included insurance funded and some gov't funded Sandy repairs/construction. Done in a month or two.
Just another 60 billion stimulas plan. Krugman should be so proud!
For a while on ZH I was getting a lot of ads for "Travel Girls" -- cuties in short skirts who love to "travel". That's who it is. Must be their ad campaign was very successful and they have been hiring a lot.
Mine went from a local bank that is trying grow, grow, grow (in order to become TBTF), to our local grocery store chain, who has to compete primarily with WallyWorld.
I'll take potpourri for $1000 Alex.
Where's Government hookers on that list, they should be right at the top?
Assets positioned in overseas locations such as Cartagena are not counted in Mainland statistical reports.
Have you ever seen a Government union hooker with the most seniority ? You'll go back to spanking the monkey.
Wait till you hit your late 40's to early 50's. The vast majority of women out there start looking like manatees.
Now that IS pure evil!
Oh, the huge manatee!
http://25.media.tumblr.com/tumblr_lemcdxPjXm1qadjjqo1_500.jpg
I think you'd find that under foreign aid, or in the Secret Service budget. After all, aren't local prostitutes much too old? I mean really, sixteen is past one's prime in the trade, just ask Menendez.
Assistant crack whore must be categorized if they are going to show real growth.
What does the assistant do? File paperwork?
Where does the government job entitled "Assistant to the Assistant Manager" fall?
In my area Im really starting to see the housing market heat up. An example is one neighborhood of about 40 lots that has sat virtually empty for five years was recently all bought up by one builder looking to cash in. People are getting suckered again.
The D.C. area which never took a hit to begin with has at least spilled over into the ex-urbs. No one wants to commute anymore and those McMansions that were built overtop functioning farmland (with no trees, the houses sitting all alone on those hills are ugly as sin) nor can they afford them. Even government workers who got suckered into paying 3-4K/mo. for a mortgage think that renting at 1.5K is a "deal". Sucks to be the bottom-enders at apartment complexes trying to compete with the newer customers.
Why didn't they just buy smaller houses? I went by the farmstead where my great grandparents raised 11 and thought "yes, you absolutely can raise eleven kids in a house this size," but then again I'm not the typical thinker. No one in this country needs anything more than a starter home, just double kids up in bunk beds like it's a barracks and save on heating costs.
The vast majority of americans are not smart at all they're just like sheep their only use is to get sheared and slaughtered....'Land of the FEE, home of the SLAVE',
And they LIKE it!
Spec builders are the most optimistic people on the planet. And remember, when a guy builds a spec home, it counts as a sale to the builder, whether it sits empty or not.
"Government -10k" - Always good.
YEA I'm sure govt trimmed 10K jobs uh-huh.
They're now independent contractors.
"They're now independent contractors." And collecting their pension.
State and local, perhaps. Certainly not the feds, as they need ever more people to fill Ben's chopper fleet.
do they treat the -10 gubbermint jobs like they do "cutting spending"? When DC says they are cutting spending they are just spending at a smaller growth rate. Maybe govt slowed down hiring a bit in january. When are the 50k "eye are ess" agents coming online?
Why is "mining" combined with "lodging"? Is this an 1800s thing......?
Good catch. Or why Education and Health for that matter? Do the classifications change month to month to try to combine classes which don't do well with one that is to give more positive numbers? Make sure to correct those papers Winston.
Healthcare and education are Government jobs too. "so far the Center is holding." needless to say "so is banking" although that "center" appears to be crumbling. I'm not sure if the same clowns who thought we could "cut our way to prosperity" on Wall Street are going to be any more successful when it comes to Government. Obviously taxes are going to soar...benefits outside Social Security will become non existent and a "battle Royale" over bureau bot budgets will commence. Of course "this is equity positive and treasury negative" as "what debt monetization scheme didn't result in 10-12 percent growth trajectories."
The tip of the upside down pyramid crumbled a long time ago. The illusion of wealth is the last metric.
I was in my early 30's when I discovered owing a million bucks didn't make you a millionaire. Jeez.
I was wondering the same thing about Mining and Lodging. I thought maybe it should have been "Logging" and was a typo that spellcheck didn't catch but then I saw Education lumped with Health. I suppose it's just another knuckleball from the .gov statistal wizards to keep us guessing.
I believe that is for paid horizonal drilling in those flop houses... Just guess'in.
Liquor in the front, poker in the back.
Sub-terranean resorts are the new/big thing... "Book now for the best rates!"
Too general. I see a couple of bums in my neighborhood employed as Professional Metal Recyclists. Where do they show up?
How much would the $60 billion of hurricane Sandy money having not been dispersed until very late in January skew the feb. numbers ?
Mining them out of collapsed basements and lodging them in a FEMA trailer maybe?
Just what we need more service sector jobs, manufacturing and agriculture which actually produce hard goods are no longer a factor. I guess we will find out soon how long they can keep the false economy going
Huh, 24k new jobs in Ignorance and Death..
Which catagory do drone pilots fit into? They have to be doing great.
why would the government ever need drones in america when the ministry of Truth is winning the hearts and minds of all...................such a mistake for me to try to warn people of the mess this country is in..............all of those people now scoff at the thought of changing their investment and lifestyle mindset............they are so THANKFUL they didnt pull their money out of 401ks and the stock market......................they are THOROUGHLY convinced the path to prosperity in this country is once again well trodden.......sigh...........................have to admit, its tempting to throw in the doomer towel....................
Watch as one of these morning they ALL get sheared and slaughtered, of course due to an 'out of the blue event' which no one coulda possibly seen comin.
Kito I am a extremely tiny fish in a massive ocean but I have had more "why am I not being more aggressive in the market??" calls than I can remember the last few days by the same people who were screaming "get me the eff outta this market!!!" four years ago.
A short term memory is an amazing thing.
It's all about "winning," Charlie Sheen style.
I think drones are what they are considering their "insurance" policy. As you say though, their propaganda appears to be "winning".
Wouldn't it be better to outsource that to foreign military contracting firms so there's no heart ache about blowing up your own brothers and sisters? I mean, it's not like playing video games is a strictly amerikan skill.
Ever heard about Milo Minderbinder? A fictional character in Catch-22 that hired out his own bomber squadron to the Germans to bomb the American base because the Germans couldn't do it. The planes took off, circled the field and then bombed it.
so many jobs bein created by the gubment and the mighty Bernanke that everybody decided to sell all they paper Gold and Silver at the same time...who would have guessed that would have happened???? oh, and at that special time again too!!!!!
http://www.kitco.com/charts/livesilver.html
So if they can get even more low quality part time workers getting even more jobs just so they can scrape a living, just think they could have MINUS 20% unemployment rate
Hottest industries in Colorado:
* Weed
* Pot
* Reefer
* Grass
* Dope
* Ganja
* Mary Jane
* Hash
* Herb
* Aunt Mary
* Skunk
* Boom
* Chronic
* Cheeba
* Blunt
* Ashes
* Atshitshi
* Baby Bhang
* Bammy
* Blanket
* Bo-Bo, Bobo Bush
* Bomber
* Boom
* Broccoli
* Cripple
* Dagga
* Dinkie Dow
* Ding
* Dona Juana (or Juanita)
* Flower, Flower Tops
* Ganja
* Gasper
* Giggle Smoke, Good Giggles
* Good Butt
* Hot Stick
* Jay
* Jolly Green
* Joy Smoke, Joy Stick
Acapulco Gold
... to say nothing of moving companies who look to make a killing as gun and gun accessory companies flee in the face of new victim-disarmament laws. Calfornians moving there can't seem to connect the dots between why they fled California, how they voted there, and how they then subsequently vote in the places they move to.
'Calfornians moving there can't seem to connect the dots between why they fled California, how they voted there, and how they then subsequently vote in the places they move to.'
There is no known cure for Californicated cognition.
It's a contagious social disease, plaguing 36 million Americans.
Please sponsor me in the next Run for the Cure.
Strange that "choom" isn't on that list. :>D
Not hot:
Magpul Industries
While we are talking jobs, this is real important.
NRF Welcomes Bill to Repeal of Employer Mandate Provision of Healthcare Law
“Eliminating the employer mandate would greatly aid the retail community, which is heavily dependent on labor,” NRF Senior Vice President David French said. “The employer mandate is already deterring job growth today at the expense of tomorrow’s economy.” NRF is currently focused on helping retailers prepare to comply with the Affordable Care Act, but continues to have “myriad concerns and objections to” the law, French said.
French’s comments came in letters to Representative Charles W. Boustany Jr., R-La., and Senate Finance Committee Ranking Member Orrin G. Hatch, R-Utah. The lawmakers are the lead sponsors of the American Job Protection Act, which would strike provisions in the ACA requiring employers with 50 or more full-time workers to provide health insurance at government-mandated levels or pay large penalties if they fail to do so.
.............
The National Retail Federation applauds striking the provision of the ACA requiring employers to provide mandatory health insurance. This has a good chance of getting passed. The republicans want it eliminated to save business money, the democrats would want it eliminated because it will shift more people to government dependence. Wall Street would want it eliminated because using their retard math it would mean shifting the cost of providing health care to the worker will increase profit margins.
Does anyone else here see a very large problem. Shifting the cost of health care to the employee will save a corporation between $8-$15k per employee, however all of that cost will be shifted to the employee who is mandated by law to carry health insurance. If you make $40k a year and have a wife and two kids, you aren't eligible for any government assistance. The IRS has already stated, and using employer verified numbers, your health insurance plan will cost you $20k a year. Half your pre-tax income will now go to health insurance. THAT SURE LEAVES A HELL OF A LOT FOR OTHER STUFF DOESN'T IT!!!
This has been the plan all along and it is insidious.
all those earning over 40,000 a year with a wife and two kids have to do is ask for a pay cut and apply for benefits of 30,000 a year...simples...
the employer saves money too so everyone wins.
well...except the tax payer, but as we know, the 435 + 100 + 1have as much ability to do sums as the average red-assed babboon and debt to gdp of 140% rising to 380% is a necessry precondition for the Fed to print sufficient money for the Dow to be 20,000 then 38,000 so who loses??????????
Single-payer utopia bitchez, medicaid for all. The deliberate aim of Obamacare since it was conceptualized by the (Geo. Soros) Tides Foundation so many years ago.
They're going full court full press retard.....
Believing the hyperbole is the new litmus test for idiocy....
Happy days are here again..financial services is growing. With fiat practically falling from the skies people will be looking for somebody to manage it for them....what you mean the fiat isn't making it to the sheeple? Well the Bernank needs to load up a few more helicopters.
This is a positive report. If only it was true!
No POMO's today, so it will be fun watching the market roll over on its own two feet. Much to the despair of the post NFP lemmings!
Must be underground construction.
money laundering
Yes, the NSA's facility in Utah.
this chart is a fucking joke
MDB,
Your analysis leaves out one gigantic fact, this market is "SHORTLESS". Meaning, it can't be allowed to go down. As an example you will see some profit taking today, but as usual, it will HAVE TO close green (algos will kick in) in order to save all the work that Ben has done up till now. This is the painful reality of BEN'S CREATION...a chase your tail, never ending, day to day protection of a bottomless market that needs higher highs because there is no floor to support real selling - No shorts.
Long on minstry of propaganda.
It's getting worse by the day.....
"watch the pocket watch and close your eyes"
Yes master, I can see now, the depression is over
Construction up due to Sandy cleanup and rebuilding and prof services/financial is part time tax preparers that's done real soon too.
I don't know ... the drop in unemployment looks like a trouble ahead ...
JP Morgan on bloomberg just now, they offer their high end clients, invitation only, a palladium credit card made out of palladium.
We are celebrating, worshipping credit and consumption. bravo!
Penis envy? hell no, I give you credit card envy!!!
My son graduated from a 4 year college last year with a bachelor degree in business with an emphysis on finance. No Jobs for him not even at walmart.
Isn't this just Obamacare? Many of these new tax regulations just became law. Companies are hiring consultants, accountants, tax people and even temporary employment agencies to deal with this monster. Employers are cutting hours to 29, but for every four being cut, he hires a new employee also at 29 to make up for the reduction of man hours.... Even the little guy is being met with new tax laws. I have never seen so many tax preparer advertisements. There has to be demand.
The construction jobs could be signaling a top. The builders are hoping to get their product up on the market by spring to beat their competitors. Could be they are smelling a decline coming and don't want to hold the bag.... Not to mention jobs created by the aftermath of Hurricane Sandy.
Professional Services, hmmm. Is that how they(BLS) clasify hookers now?
Only the really good ones servicing Wall Street and Congress.
The rest are "Leisure and Hospitality".
GE - "our products work forever" - Fukishima, radiating for the next 100 billion years...
B(L)S missed the fastest growing "industry": Anarchists
We are notoriously difficult to count! : - >