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More Than Half Of December Jobs Added Were Temporary

Tyler Durden's picture




 

Once again, in its sheer panic to tout the quantity, or lack thereof, in the case of the December jobs number, the frenzied media and pundits completely ignored the quality of the jobs gained in the last month of December. Or lack thereof. Because as the simple breakdown below shows, of the 74K jobs gained in December, 55%, or 40K were the worst of the lot when it comes to wages or benefits: temporary jobs.

As for the other job additions? Well, between Temp Help, and the bottom of the barrel paying Retail and Wholesale Trade jobs, the total additions were 111K. Which means all the other, better-paying, job groups saw... a drop of 35K.

In other words, the "recovery" may be lacking in numbers, but at least it is completely lacking in quality. And oh yes: remember - when it is snowing outside, employers only hire temp workers, hence it's the weather's fault.

 

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Fri, 01/10/2014 - 12:39 | 4319722 pods
pods's picture

In this day and age I think all jobs can be considered temporary.

pods

Fri, 01/10/2014 - 12:41 | 4319727 SafelyGraze
SafelyGraze's picture

OT -

"polar vortex" and cold weather explained by actor and presidential advisor

https://www.youtube.com/watch?v=lIJ5-EZDqkc

 

Fri, 01/10/2014 - 12:42 | 4319739 knukles
knukles's picture

"Barack is gonna change your life"
            -M. O'B.

Fri, 01/10/2014 - 13:26 | 4319978 aVileRat
aVileRat's picture

Yup.

All eyes now on January and the start of seasonal adjustments.

 

On another note, Stanley F. was known for being a hard ass for data cleaning & ethical econometrics. So maybe, just maybe the numbers will start to get better in quality and explanation for dummy variables.

 

Fri, 01/10/2014 - 14:38 | 4320358 Common_Cents22
Common_Cents22's picture

yep, JANUARY's polar vortex is blamed for Decembers numbers ;)

Fri, 01/10/2014 - 12:48 | 4319774 corporatewhore
corporatewhore's picture

and if you work two part time jobs you can be someone working full time! 20 hours plus 20 hours equals 40!  No benefits, minimum wage or close thereto.  Holidays optional.  No vacation.

What? You can't pay your bills?  You can't afford healthcare?  No car, no apartment, no home?

What a sad country we've become

Fri, 01/10/2014 - 13:10 | 4319893 James-Morrison
James-Morrison's picture

Doen't two part time jobs by one worker get reported twice?

Or is it just counted as one full time worker?

I am so confused with BLS data?

Fri, 01/10/2014 - 15:46 | 4320631 stocktivity
stocktivity's picture

Bad news = good news. Taper talk off. Rally on. It's all Bullshit!!!

Fri, 01/10/2014 - 12:41 | 4319728 sbenard
sbenard's picture

And just when we thought the jobs news last month couldn't get any worse, it DOES!

Fri, 01/10/2014 - 13:11 | 4319900 jughead
jughead's picture

Wait till next month then all those holiday retail jobs disappear.

Fri, 01/10/2014 - 12:41 | 4319730 JailBank
JailBank's picture

I hate my job, but I won't leave it. I've got bills and silver to pay for.

Fri, 01/10/2014 - 12:50 | 4319786 Sudden Debt
Sudden Debt's picture

I dream of bashing my boss his head to pieces.... daily...

Fri, 01/10/2014 - 12:42 | 4319738 insanelysane
insanelysane's picture

In other news, Sara Eisen looked so much cuter on Bloomberg than she does on CNBS.  Cramer and Liesman must be tormenting her.

Fri, 01/10/2014 - 12:44 | 4319754 knukles
Fri, 01/10/2014 - 12:47 | 4319770 yogibear
yogibear's picture

What? She's not being treated like a Jewish American Pricess? She was treated well at Balloonberg. They view her as competition.

Fri, 01/10/2014 - 12:43 | 4319750 yogibear
yogibear's picture

Global economic cooling. 

Fri, 01/10/2014 - 12:45 | 4319757 texas sandman
texas sandman's picture

But, damn it, the Chamber says we need to get those 20-30-40 however many million illegals legalized because we are short of workers!!!  

Fri, 01/10/2014 - 12:45 | 4319759 pragmatic hobo
pragmatic hobo's picture

quality? are we still bitching about quality?

Fri, 01/10/2014 - 12:45 | 4319764 Hedgetard55
Hedgetard55's picture

Rush is now using ZH for show prep so I expect to hear this on his show today. 

Fri, 01/10/2014 - 12:50 | 4319788 NoWayJose
NoWayJose's picture

It has been repeated hundreds of times - whenever a government sets a new rule or tax or regulation on a specific item, businesses and individuals will create products or services that bump right up to the bottom of whatever 'number' the government pulls out of its hat.  Motorcyles engine sizes, scooter helmet rules, liquor bottle sizes or proof, income tax levels, number of employees needed before requring health care or OSHA regulations, and especially now - number of permanent full time employees based on a certain number of hours worked per week.  This should not be news, but merely a confirmation of the unintended consequences of what the government has established.

Fri, 01/10/2014 - 12:51 | 4319790 disabledvet
disabledvet's picture

"failure to launch." how did the ORB do? http://www.cbsnews.com/news/orbital-sciences-antares-rocket-launches-on-... "systems go!" leftovers from the Soviet Moon program interestingly.

Fri, 01/10/2014 - 12:55 | 4319806 Dr. Engali
Dr. Engali's picture

Repeat after me.....Zero care has no negative impact on jobs. Now say that ten times daily and eventually you will believe it.

Fri, 01/10/2014 - 13:02 | 4319849 Blues Traveler
Blues Traveler's picture

Bingo Doc. Exhtortioncare moved the "cheese", going forward it will be primarily part time and 1099 jobs.  Unemployment and underemployment are an leading indicators.

Fri, 01/10/2014 - 22:26 | 4321678 StychoKiller
Fri, 01/10/2014 - 12:56 | 4319813 madbraz
madbraz's picture

If two big players stops dancing to this shit, we may finally see and end to this ridiculous global rally.

 

I honestly don't know what they are waiting for.

Fri, 01/10/2014 - 12:59 | 4319834 Rising Sun
Rising Sun's picture

this stuff cracks me up

 

MSM is just fucking useless

 

where's that dog Krugman????  KRUGMAN!!!!!!!!!!

Fri, 01/10/2014 - 13:04 | 4319858 starman
starman's picture

BTF? BTF......survival kits!

Fri, 01/10/2014 - 13:17 | 4319931 Praetorian Guard
Praetorian Guard's picture

Including food and water storage. www.gunsgrubandgold.com has a nice food calculator on the site...

Fri, 01/10/2014 - 13:37 | 4320040 Spungo
Spungo's picture

Are you telling me stores see an unusual amount of retail shopping in December? I'm shocked. 

Fri, 01/10/2014 - 13:43 | 4320076 RiverDrifter
RiverDrifter's picture

I wonder if those brawling Santas were among those 40k temp jobs.  

Fri, 01/10/2014 - 13:57 | 4320144 MeelionDollerBogus
MeelionDollerBogus's picture

TEMPORARY jobs in the same month as Christmas?

ho-leeeee-sheeet

Now this is nooz

Thanks for keeping us informed.

Fri, 01/10/2014 - 14:36 | 4320347 yrbmegr
yrbmegr's picture

Where could I get a permanent job?

Fri, 01/10/2014 - 15:51 | 4320656 stocktivity
stocktivity's picture

Tyler already showed you. Scroll down to the story at 12:55.

Fri, 01/10/2014 - 15:33 | 4320579 Not_Sure
Not_Sure's picture

And this is news?

Fri, 01/10/2014 - 17:54 | 4321013 Walt D.
Walt D.'s picture

Since you need 200,000 jobs per month just to keep with young people reaching working age and coming into the workforce, that means that about 125,000 have not found jobs. Not to worry, the unemployment statistics define these jobs away - you can't be unemployed if you never had a job.

Nevertheless, these young people join the "poor who are getting poorer". The administration has a big problem trying to sell the lie to these young people - they know from social networking how many of their friends don't have jobs.

Fri, 01/10/2014 - 18:43 | 4321107 Trucker Glock
Trucker Glock's picture

Must be temp jobs at Mercedes and Bentley dealerships.  Bullish!

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