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Jobs Added By Industry: Education, Transportation And Retail Winners; Information And Finance Losers

Tyler Durden's picture





 

Curious where the November jobs gains and losses were, broken down by industry? The chart below should explain it all.

Winners:

  • Education and Health +40K, after gaining 30K in October; Job gains occurred in home healthcare services (+12,000) and offices of physicians (+7,000), while nursing care facilities lost jobs (-4,000)
  • Transportation: +31K as logistics needs of the holiday season ramped up hiring
  • Manufacturing: +27K in November after +16K in October; food manufacturing was +8K, while (channel stuffing of) motor vehicles and parts added anoterh 7K
  • Retail trade, that old standby, added another 22K, following 46K additions in October for a total of 68K in the past two months.
    • Within the industry, job growth occurred in general merchandise stores (+14,000); in sporting goods, hobby, book, and music stores (+12,000); and in automobile dealers (+7,000). Over the prior 12 months, job growth in retail trade averaged 31,000 per month.

Losers:

  • Financial Activities, or the highest paying jobs, lost 3K after gaining 7K the prior month
  • Information, the second highest paying jobs, also lost 1K, after gaining 4K in the prior month

Visually:

 


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Fri, 12/06/2013 - 10:28 | Link to Comment Shizzmoney
Shizzmoney's picture

So one secotr is propped up by government money (health/education) and the other is propped up by yearly seasonal spending (retail).

The fact the NFP is *only* 203k should be a HUGE warning sign.

Fri, 12/06/2013 - 10:38 | Link to Comment FieldingMellish
FieldingMellish's picture

I was thinking the same thing. Not long ago people would look at that number as a disaster and now it heralds recovery?

Fri, 12/06/2013 - 10:54 | Link to Comment sbenard
sbenard's picture

You took the words right out of my keyboard.

It used to be that 200,000 jobs was considered a weak report. Now, it juices stocks for a 100+ rally and hovering near record highs. What a warped market!

It's almost as if this jobs report was calculated to juice the equity markets, but not enough to trigger more taper talk.

Fri, 12/06/2013 - 12:07 | Link to Comment azzhatter
azzhatter's picture

Figure you need 125-150K just to absorb new workers, then add in the 14 million on the sidelines, and then god only knows how many illegals streaming in and figure we lost ground again. But the headline gives the media a boner and since they can't think critically and are diverted by Omar Obama, it's all good. Party on Garth

Fri, 12/06/2013 - 10:29 | Link to Comment venturen
venturen's picture

Obamacare Website worker +10000

Obama Spin Doctors and charlatans +10000

Leechers and hanger-ons +10000

Money printers +10000

Honest workers doing an honest living at a private company -1240000

Fri, 12/06/2013 - 10:37 | Link to Comment thismarketisrigged
thismarketisrigged's picture

great breakdown, was legit laughing.

 

needed that laugh after this fucking bullshit this morning. good job

Fri, 12/06/2013 - 11:44 | Link to Comment Al Huxley
Al Huxley's picture

I'd like to change my career path and get into either the 'leaching and hanging on' or 'spin doctor/charlatan' field.  Do you know what the qualifications are ( I mean, in addition to being a narcissistic sociopath)?

Fri, 12/06/2013 - 12:34 | Link to Comment MachoMan
MachoMan's picture

You're late to the party...  all the beer is gone, the ladies have found their comfort for the night, and only a few stale pretzels remain. 

Fri, 12/06/2013 - 12:46 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

I have two jobs for you.

Please let us know your availability to interview for two position(s)

First position. Senior Narcissist II - First Street SE Washington D.C. 20004

Candidate for this position requires no formal educational skills or training but reading and some familiarity with high school civics a plus. Must be a self-starter willing to work long hours in meeting the objectives of the organization's professional "business asociate(s)" to meet or exceed their growth targets and POA&M objectives.

Experience:

  • Must have a proven track record as a pathological liar that is willing to take risks with no measure of accountability in any decision making endeavor
  • Proven interpersonal skills with the ability to be self-aggrandizing
  • Must provide history or proven skills in delegating authority irresponsibly.
  • Provide history of securing critical information for business clients, (methods and approach)

Second position. Senior Sociopath I - 1600 Pennsylvania Avenue NW 20500

Candidate for this position must possess a Master's degree in B.S. and be fluent in English with basic reading skills. Comprehension of said reading skills a plus.  Chief attributes for this position -must attempt to be detail oriented and possess a strong security background in being proficient in determining legal issues that protect the organization's current and future business associate(s).

Experience:

  • Must have a proven track record as a pathological liar that is willing to take risks with no measure of accountability in any decision making endeavor
  • Proven leadership skills with the ability to be self-aggrandizing
  • Must provide history or proven skills in delegating authority irresponsibly as an administrator
  • Provide history of securing critical information for business clients, (policy, methods and approach)
Fri, 12/06/2013 - 10:31 | Link to Comment asteroids
asteroids's picture

Education and Health, both long term disasters inthe making. $1T in student loans that will never be paid and a health system that will eventually bankrupt the USA.

Fri, 12/06/2013 - 10:42 | Link to Comment Caveman93
Caveman93's picture

Gee it looks like that IT bubble got popped eh?

Fri, 12/06/2013 - 11:25 | Link to Comment I Write Code
I Write Code's picture

Yah.  I know my usual calls from IT recruiters have been unusually quiet for several months.

You'd think they could hire 50,000 developers to work on Obamcare, but noooo.

 

Fri, 12/06/2013 - 16:41 | Link to Comment Sokhmate
Sokhmate's picture

code monkeys are mostly imported now.

Fri, 12/06/2013 - 10:42 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Sweet, more "educators" on SNAP.  Long JPM...

Fri, 12/06/2013 - 10:46 | Link to Comment Yen Cross
Yen Cross's picture

    The big gains were in seasonal areas. I can see where that huge GDB inventory build came from now. Transport. Hospitality-Temp and professional services for year end accounting and 2014 tax season.

Fri, 12/06/2013 - 10:52 | Link to Comment MFLTucson
MFLTucson's picture

And after the holidays these wonderful retail jobs paying minimum wage will be gone!  What a joke!

Fri, 12/06/2013 - 10:51 | Link to Comment Fox-Scully
Fox-Scully's picture

Is retail trade hiring that many workers to oversee the huge pileup in inventory as a result of poor sales?

Fri, 12/06/2013 - 10:55 | Link to Comment Caveman93
Caveman93's picture

LULZ! I needed that thank you!

Fri, 12/06/2013 - 11:21 | Link to Comment kito
kito's picture

most of the "professional" "business" services came in the form of prostitution.

on a side note, this great employment news doesnt seem to bode well for zh commenting. volume is way down in this post.

Fri, 12/06/2013 - 11:33 | Link to Comment Crash Overide
Crash Overide's picture

The "official" lies are wearing on people... We need a Friday humor?

Fri, 12/06/2013 - 13:31 | Link to Comment The Invisible Foot
The Invisible Foot's picture

Long Dairy.

Tue, 12/24/2013 - 05:19 | Link to Comment Melody7773
Melody7773's picture

I have to agree that education segment is closely related to money and the government. And considering the fact that our education has been pretty awful lately, we cannot expect anything good to going on in this country. So now we are only left to hope that something better might happen the next year. But I am sure that education will remain on the same level (and will continue getting lower and lower). Thank you for always informative articles.

Melody from essayonlinestore.com Online

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