Where The (Low-Paying) Jobs Were Are

Tyler Durden's picture

The time has come to look at the quality component of the 175K jobs added in May, so without further ado, let's drill down at where the growth was. Without much surprise, we find that as in months past, the bulk of the job growth continues to be concentrated in the lowest wage jobs:

  • Leisure and Hospitality added the most jobs in May, 43K
  • Retail Trade jobs rose by 28K
  • Education and health added another 26K
  • Temp jobs: the lowest of all paying jobs added another 26K

In summary - of the 175K jobs, 122K was to low wage occupations.

How about higher paying jobs?  Professional and Business Services (ex. Temp) rose by 31K in May, less than the 34K in April, Financial Activities posted a tiny 4K increase compared to 9K in April, Wholesale Trade was up a whopping 8K (compared to 4K in April), and finally Manufacturing jobs declined for the second consecutive month in a row, dropping first 9K in April and now 8K in May.

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aint no fortunate son's picture

Well gee Tylers, who else is gonna serve our masters?

WayBehind's picture

Minimum wage jobs at McDonalds are waiting for you!

HulkHogan's picture

Looks like hotels are hiring maids too. Know Spanish?

DosZap's picture

Minimum wage jobs at McDonalds are waiting for you!


Go to ND McD's is hiring enty workers for $20.00 an hour or they lose them to oil field work,min wage start $26.00hr.

kliguy38's picture

"They" are building a permanent "poverty class"........ worse even than England's two tiered class system..........slaves

Rainman's picture

Help Wanted : Lifeguard....Orange County, CA ......$ 100,000 plus benefits


augustusgloop's picture

sucking off the government teet. love it. who says service jobs don't pay? 


quasimodo's picture

It's friggin Cali, I'm shocked!

kchrisc's picture

The absurdity of the trend is revealed when one removes money from the equation. Money just facilitates indirect trade and ultimately one just trades his production for the production of others.

So at the rate things are going Americans will be able to trade their BigMac production for some others bedpan services and then for some cheap Chinese shit from the 69 year old clerks at the DollarStore and then for a little stay at the Holiday Inn (Express?).


Scro's picture

Mini Mart is hiring, so is Home Depot. What more could anybody want.

Mercury's picture

Are you in service my dear?

It's 1913 all over again.

Catullus's picture

Obamacare forcing employers to hire part-time because they don't want to hire full time.

Calls for minimum wage increases in 3...2...

Cursive's picture

Still waiting for Joe Biden's 500,000+ a months NFP.  175k isn't enough to maintain current job holders.

Undecided's picture

Just shorted this bad boy!

Chief Falling Knife's picture

I'm guessing if we close back above the the 20DMA sometime next week(or hell even today the way this is going).. then it'll be off to retest the highs again inside of 3 weeks from now. 

On my chart we are now back in the trendline from November after spending a whole two days below it(2 days below it, just like mid-April before we were off to new highs).

Also this recent +/- 5% 'correction' might be seen as enough to take the overbought heat off for another run at new highs. 

It's when we get back up near that level that it COULD get interesting, but I admit, I have no clue at this point. 

For all I know, 1800 before June's out.

FLUSA.com's picture

I would think with the news of late the "Information" catagory would be sky high.

RaceToTheBottom's picture

"To get a good job, you need a good education"........


Skateboarder's picture

Unfortunately most anyone only ever gets a schooling at best.

SheepDog-One's picture

And there you have it...3rd worldization of america and everyones throwing a party.

silver surfer's picture

+1 , Yes it is really sad to see America becoming a poor nation for decades to come and celebrating. You don't make money on cutting each others hair, a industrial nation makes money by manufacturing of finished goods. Why do nobody understand this? USA is losing its status as a developed industrial nation faster than Spain in the 1600s.

DosZap's picture

This is how we get ALL countries wages on a level field.

Import guest workers(to take away decent jobs), and legalize another 20 million influx, to lower the standard wages even more.

therearetoomanyidiots's picture

Here's a fun one for you...Aetna is switching ALL of its IT people to Infosys (india) - they're making everyone in IT become Infosys employees - just copy the wages and benefits and you work for an Indian corporation (more likely a 'world' corporation).  

I'm thinking this is a bigger fucking than anyone can imagine, Aetna will now pay for consulting expenses which means all the real money they make that used to go to salaries and benefits (with appropriate witholdings, income taxes, etc) no longer will be going into the government's coffers.  

You see, using this third world 'money laundering' - Aetna will now pay less taxes while its former employees will pay more.  Inevitably, Obama's New World will require more tax money and the only way to fund the Obama spending is to tax the lower and middle classes where the REAL tax dollars are.   Aetna is typically 'bleeding edge' - so, this will spill over to other companies, if it hasn't already.  

The true irony is the morons, the sheeple that support this guy.   I guess the people 'loved' Hitler, too.  Though Stalin might be more representative.

RaceToTheBottom's picture

Yep, welcome to tech jobs in the US.

Plus, try getting a promotion if your name is not Sanjay?  Meritocracy?   HA

Screw them all

jtlien's picture

Aetna has IT?

Last time I dealt with them they made Charles Dickens's Jaundice and Jaundice look efficient.

Blind leading the blind.  But then again that was healthcare.


Bearwagon's picture

"Got a job, got a job, everybody got a job, got a job, got a job ..."

Mungo Jerry, 'Got a Job': http://www.youtube.com/watch?v=d97_ORuRiDs

BlueStreet's picture

They are only considered low paid workers until their EBT, Section 8 and Medicaid benefits are factored in. 

fonzannoon's picture

"WASHINGTON (MarketWatch) - The Federal Reserve should "get moving" on slowing down its bond-purchase program, said former Federal Reserve Chairman Alan Greenspan on Friday. Asked on CNBC if the Fed should move quickly or in gradual steps to taper, Greenspan replied: "Gradual is adequate, but I think we have got to get moving." Greenspan said markets should be prepared for a much more rapid rise in long-term bond rates than is generally expected.

pods's picture

Fonz, as soon as long term bond rates rise, the governement will mandate X percent of your 401k go into government debt (for our security).

You can take that to the fractionally reserved bank!


fonzannoon's picture

Pods that is being done already.  It is absolutetely being done already.

"Hartford is placing investment restrictions on existing account balances for an array of contracts, including the Director M suite. Certain customers with the Lifetime Income Builder rider will need to reconfigure their investments to meet the requirements. Options include a menu of funds that call for a minimum 40% allocation to fixed income and a risk-based asset allocation model also with an allocation to bonds that's upward of 40%.

Clients who fail to make the adjustment will lose their living benefit altogether, according to the SEC filing."


pods's picture

Thanks for clarifying fonz. I can see a big summertime "crash" that will rile people up and force the government to protect our "retirement security." 

This will lead to some type of advantage (tax, etc) being set up to make treasuries more palatable for retirement funds.

Then when all the herd money is diverted to government debt, Bernanke can ease up on the throttle of QE.

Shit, I just thought, if they don't have that planned already, I just gave them the blueprint!


GCT's picture

Pods pulling my 401k at the end of this month.  Most likely headed back into gold with it.  At least I can have something in hand!  Feels good to withdraw it without a tax penaltywhen I reinvest it under my control!

kchrisc's picture

The key here is that they have been and are stealing our savings indirectly from us via printing and their greed is now so voracious that they are now stealing our savings directly.

And to think that when I was just a young lad I thought the guillotine cruel?!

tip e. canoe's picture

wonder if this jawboning is aimed at consumers to entice them into piling on more debt before that "rapid rise in long-term bond rates".

either that or Alan's trying to speed up the collapse so he can see it before he croaks.

Nussi34's picture

How about hoolers?

Dr. Engali's picture

What's a hooler? Is that a cooler that keeps things hot instead of cold?

fonzannoon's picture

Doc did you see me reach far into the internet wormhole last night and pull truthinsunshine back from the brink? Be careful doubting me on the 10yr. My powers were on display last night.

Also I offered kito a turkey sandwich bet and he turned it into some avocado and goat cheese on foccachia bread with grey poupon and a half double decaf latte.

Either way, I have the dow under 15k at year end. He has the over.

Bearwagon's picture

Thanks for pulling TIS back. As for the hat: Use the ole "DOW 10000" one - that should do!

Dr. Engali's picture

No I didn't see that, I'm sorry I missed it. I didn't get to spend too much time reading last night, I had to recover from too much wine the night before. Hopefully he sticks around. As far as the ten year goes neither one of us has won that argument yet, although it did print 2% yesterday. I'm with you on the dow under 15k by year end. If kito wants to lose another sandwich bet , I'll gladly take him up on it. From the sounds of his "sandwich" I wonder if kito is really David Faber.

fonzannoon's picture

I would never argue with you. I only argue with ekm.

Dr. Engali's picture

Well that's no fun..I would argue with you.

fonzannoon's picture

I said I'm not going to argue with you dammit!

RSloane's picture

I saw that Fonz. Thanks, it was great to see TinS post again.

Somehow, I get the impression what you describe is actually what Kito eats for lunch.

fonzannoon's picture


Hey Sloane, what are you doing here? Shorting interest rate sensitive stuff? Or are you jumping in here and riding this euphoric wave?

RSloane's picture

I did my bit with SPX yesterday and right now I'm holding steady. I'm not going to make a move until at least Tuesday. Everyday most of us say there is something surreal about the markets, but today I'm really feeling it. I  look at the tickers and feel/think something is way off. I am probably being very wrong and stupid, but I don't want to bet on it. I'm in freeze frame.

fonzannoon's picture

yeah this is brutality.

Agent P's picture

Which one of the top three categories do hookers fall into?  I can never remember.

Dewey Cheatum Howe's picture

Keep them kids from revolting by increasing low wage jobs until they realize they are fucked either way. It is only a question of degrees not if.

therearetoomanyidiots's picture

Curious about what you've said here...

How long will it take to pay off student loans (only funded by the government now, don't forget) of say, 100k for a four year degree...how long to pay off a 100k loan making about 18k a year when you have to pay for obamacare, a place to live, food, fuel if you choose not to live in a city, oh, and new taxes once those kick in?   Just asking.'

Can you say debt slavery...ironic how the first 'black' president is leading all these kids there like the Pied Piper.

vlad335's picture

How long will it take to pay off student loans (only funded by the government now, don't forget) of say, 100k for a four year degree...how long to pay off a 100k loan making about 18k a year when you have to pay for obamacare, a place to live, food, fuel if you choose not to live in a city, oh, and new taxes once those kick in?   Just asking.'

The young will ask whats the point of working and seek to go on the dole. There are so many 20-30 somethings around here on disability that it is amazing.
That or continue going to school and rack up astronomical debt.

Working and bettering yourself will be a suckers game.

They trynna catch me ridin dirty's picture

There are jobs that create wealth (mining, farming, ranching, manufacturing) and jobs that spend wealth (waiter, Wal-Mart shelver, 7-11 cashier, barista).

You cannot have an economy based solely on the jobs that spend wealth with no jobs that create wealth. Despite what the free traders and Clintonites say, that's not how reality works. You cannot have an economy based upon spending the wealth created by other nations. And we are going to learn that lesson in a big way in just a few more years here.