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The Biggest Job Winners (Construction) And Losers (Government) In January

Tyler Durden's picture





 

When you have one after another "polar vortex" out there, and feet of snow covering the country and supposedly crushing economic activity, what do you do? Why you hire construction workers of course. As the following breakdown of the best and worst jobs of December shows, the one job category to benefit the most from January's horrifying weather which was the reason for all those weak January numbers (if one listens to the propaganda pundits and other TV anchors) was construction workers, which saw 48K jobs created. Which in some parallel universe surely makes sense. Just not this one.

The only good if just as non-credible news in this jobs report: fewer government workers.

The full breakdown of biggest job winners and losers:

Oh, and naturally the surge in construction jobs "explains" perfectly why New Home Sales in January plunged by the most since July - must have been all those new workers put to work... doing nothing.

 

 

 


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Fri, 02/07/2014 - 11:23 | Link to Comment PR Guy
PR Guy's picture

They must have been building igloos

Fri, 02/07/2014 - 11:25 | Link to Comment madbraz
madbraz's picture

or building fake jobs reports

Fri, 02/07/2014 - 11:28 | Link to Comment synergize
synergize's picture

Hmmmm ... quick distract the populace with strategically placed whining about Gays at Sochi

Fri, 02/07/2014 - 11:31 | Link to Comment PR Guy
PR Guy's picture

They'll be distracting people at Sochi with a few blue flags before long I expect

Fri, 02/07/2014 - 11:37 | Link to Comment El Oregonian
El Oregonian's picture

Construction??? The only "Construction" that I see is the "Construction" of a new narrative.

Fri, 02/07/2014 - 11:38 | Link to Comment Muddy1
Muddy1's picture

Could some of this be using heavy equipment and construction workers for snow removal?  Seems possible.

Fri, 02/07/2014 - 12:46 | Link to Comment Son of Loki
Son of Loki's picture

Obamacare discourages some from working, and that’s OK

 

For some people, the ACA provides a powerful disincentive to work, the CBO said.

This is not a surprise. It’s part of the design of Obamacare.

 

http://www.marketwatch.com/story/obamacare-discourages-some-from-working...

 

 

Fri, 02/07/2014 - 12:49 | Link to Comment random shots
random shots's picture

Careful, Muddy1.  That kind of talk can get you killed around these parts. 

Fri, 02/07/2014 - 12:53 | Link to Comment Things that go bump
Things that go bump's picture

There are a bunch of them up on my roof right now chopping up the ice dams. I think my gutters are toast. 

Fri, 02/07/2014 - 11:31 | Link to Comment Headbanger
Headbanger's picture

What!!??   Dow is now RRRRRREDDDDDDDD!!!???

Was it something I said?

What could be amiss?

The market's falling in the abyss!

 

Is it scotch-o-clock yet??

Fri, 02/07/2014 - 11:36 | Link to Comment mofreedom
mofreedom's picture

In 2.5 hours for me.

Fri, 02/07/2014 - 11:43 | Link to Comment KickIce
KickIce's picture

I imagine they have an app for that by now.

I can't see where the federal government would lose jobs with all the new programs although I could see the states losing more jobs.  More power funneling up to the federal gov....

Fri, 02/07/2014 - 11:29 | Link to Comment The man with po...
The man with pointy horns's picture

Nah you can get Inuits to do that for free, and if it's for free then no records...

Fri, 02/07/2014 - 12:19 | Link to Comment The Dunce
The Dunce's picture

Construction?  That's great news.  They can get to work building new food banks for poor folk like me.  Bitches.

Fri, 02/07/2014 - 11:26 | Link to Comment corporatewhore
corporatewhore's picture

obviously government bureaucrats can just make shit up knowing full well average joes can't connect the dots or do any analyzing of any real data

Fri, 02/07/2014 - 11:49 | Link to Comment akarc
akarc's picture

Average Joes do not even try. Average Joes are to busy singing God Bless America as Military is invited to have a presence at all community functions so we can honor our heros.

Fri, 02/07/2014 - 12:57 | Link to Comment Things that go bump
Things that go bump's picture

At least we they can't make us room and board them in our homes - its a constitutional guarantee! 

Fri, 02/07/2014 - 11:27 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

off topic...

 

"The value of the bitcoin cryptocurrency has dropped below $690 per unit on one of the world’s biggest exchanges Mt. Gox, after the Japanese trader temporarily stopped withdrawals to fix technical problems.

"In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state," according to a statement released Friday, February 7.

“In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes,” the MT Gox team said, promising to provide an update for their customers on Monday, February 10.

Friday’s plunge is more evidence of bitcoin volatility. Its value went above $1,000 in January and fell to below $690 on Friday's announcement, recovering to $730 in about an hour.

Central banks across the globe have begun to crackdown on the cryptocurrency, instructing financial institutions not to accept bitcoins because they have no legal status or monetary-backing, like state-backed currencies."

http://rt.com/business/bitcoin-revolution-shrem-predicts-996/

Fri, 02/07/2014 - 11:47 | Link to Comment piker
piker's picture

I heard Apple pulled the bitcoin wallet app from the app store. Perhaps this is contributing to the volatility.

Fri, 02/07/2014 - 11:27 | Link to Comment Racer
Racer's picture

Either they are too stupid to lie properly, or they are just not bothered about covering up their lies anymore

Fri, 02/07/2014 - 11:36 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Why bother anymore. The chemically subdued sheep still have ebt, american idol, and dancing with the stars to do anything.

Fri, 02/07/2014 - 11:46 | Link to Comment akarc
akarc's picture

Oh no, they are very good at lying.  They know there job very well. They know that if they tell "the people" what they want to hear the people will believe them.

Contruction workers are getting jobs

and government workers are not

All is going as you the people want it to go

shortly out of the goodness of their hearts because of our ability to  improve conditions bbusiness will raising wages

Hang in there folk

Just trust us

 

 

Fri, 02/07/2014 - 11:50 | Link to Comment El Oregonian
El Oregonian's picture

Or, stupid people have itchy ears that love those lies.

Fri, 02/07/2014 - 11:31 | Link to Comment medium giraffe
medium giraffe's picture

I expect the consumer credit report will be shitty/bullish too....

Fri, 02/07/2014 - 11:34 | Link to Comment Dr. Engali
Dr. Engali's picture

Yeah right, because everybody adds a deck for their new jacuzzi when it's 15 below.

Fri, 02/07/2014 - 11:37 | Link to Comment AmericasCicero
AmericasCicero's picture

Everybody knows a hot tub in sub-freezing temperatures is the american dream.

Fri, 02/07/2014 - 11:36 | Link to Comment AmericasCicero
AmericasCicero's picture

"Hey man, who's gonna get jobs this month?"

"I dont know man, how about construction?"

"Totes magotes bro, now lets hit this bong!"

-Gov't workers

Fri, 02/07/2014 - 11:35 | Link to Comment papaswamp
papaswamp's picture

Kids.... Can someone else look at table B-1 not seasonally adjusted total private employees from Dec 2013 to Jan 2014 and tell me I'm not seeing over 2 million workers vanish?
Total private
116,058,000 to 113,712,000

Am I seeing that right?

Fri, 02/07/2014 - 11:37 | Link to Comment Sardonicus
Sardonicus's picture

Even if you DON'T like your bitcoins, you can keep your bitcoins  https://www.mtgox.com/press_release_20140207.html

Fri, 02/07/2014 - 11:38 | Link to Comment Dr. Engali
Dr. Engali's picture

I hate it when that happens.

Fri, 02/07/2014 - 11:45 | Link to Comment Save_America1st
Save_America1st's picture

volatility, bitchez!!!

Fri, 02/07/2014 - 13:03 | Link to Comment Things that go bump
Things that go bump's picture

Yes, because they are like tulip bulbs only with less intrinsic value. 

Fri, 02/07/2014 - 11:40 | Link to Comment Rising Sun
Rising Sun's picture

construction jobs huh?

 

to build what??

 

oh right, things like houses.  does this include the 10M plus houses sitting in bankster foreclosure inventory???

Fri, 02/07/2014 - 11:44 | Link to Comment Sardonicus
Fri, 02/07/2014 - 11:43 | Link to Comment Kokulakai
Kokulakai's picture

Those are not the workers you're looking for

Fri, 02/07/2014 - 11:43 | Link to Comment Save_America1st
Save_America1st's picture

government isn't an "industry"...it's a "racket", it's a "mafia", it's a criminal syndicate.  But it's not "industry".

but it's nice to see that mining and logging jobs are up!  Those miners are going to be rockin' and rollin' and blasting off one of these days soon.  My withering mining portfolio that I've been holding onto for 3 years now through this slaughter has been in the green now for 4 days straight!  I think the bottom is in and there are going to be some massive 10 baggers out there like big fat shiny gold nuggets!!!

Keep stackin', bitchez...it's getting close.  Tick-Tock...

Fri, 02/07/2014 - 11:51 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Ah yes.  The genuine Potemkin "real growth" village job market for construction is alive and well in the Washington Metro area.

The one that is building an additional 2 million square feet of new office space on top of 3 1/2 million square feet of empty office space that has been vacant for years in the Tysons Corner/McLean corridor with a 98% undocumented workforce is going according to plan, along with a new above ground rail line that runs from IAD to D.C., which won't be ready until Spring even though they have been running trains on it for 3 months and increased the fare price by almost 10%... 

Did I mention the condos and apartments that are also going up right and left for the past 6 years with occupancies as high as 30%, but if you are into "flipping" then this is the place for you -mark my words.

Now repeat after me....

If you build it they will come!

Fri, 02/07/2014 - 13:06 | Link to Comment Things that go bump
Things that go bump's picture

Built with funny money. Its not on such a grand scale, but does this remind anybody else of China building empty cities?

Fri, 02/07/2014 - 13:12 | Link to Comment Things that go bump
Things that go bump's picture

oops.

Fri, 02/07/2014 - 11:48 | Link to Comment youngman
youngman's picture

They all went to work in Russia to finish the Sochi crap....it was a rush job..

Fri, 02/07/2014 - 11:49 | Link to Comment disabledvet
disabledvet's picture

still no solar powered computer.

and still no warranty on new homes.

and we've spent trillions on what again?

oh yeah...here it is:
http://gas2.org/2014/02/05/2015-chevy-colorado-deep-dive-photo-gallery/

http://www.youtube.com/watch?v=4TAtRCJIqnk

Fri, 02/07/2014 - 11:57 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

kids building snow forts = construction jobs

Fri, 02/07/2014 - 12:04 | Link to Comment Stuck in California
Stuck in California's picture

I work in the construction industry in the SF Bay Area.  Never saw so many big projects coming on board all at the same time.  Dot Commies building everywhere.  SF skyline is a regular forest of cranes.

Fri, 02/07/2014 - 12:15 | Link to Comment STP
STP's picture

Free houses for everybody!  Because it's "For the Children!".   I took on the liberal Educators there on their own turf, as a Zerohedger should.  You guys, will love this!

http://edsource.org/today/2014/with-affordable-housing-summer-and-after-school-learning-can-start-at-home/57323/comment-page-1#comment-155954

 

"Given that housing prices and rents in California far exceed what is affordable to the average working family, a disproportionate number of California families experience housing instability. Housing instability hits children particularly hard, and can significantly affect their ability to engage at school or even their ability to attend school regularly."

 

 

 

 

Fri, 02/07/2014 - 12:25 | Link to Comment Cult of Criminality
Cult of Criminality's picture

Thats construction for the military industrial complex that is doing so well.

Fri, 02/07/2014 - 12:25 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

And may God grant them peace, prosperity and safety unfettered from Saudi/Israeli/British/U.S. Government "ghouls" who are doing everything in their power to manipulate ruin and yes "destroy" if possible given the sampling demonstrated in Volgograd on the level of treachery Bandar bin "Bush" spoke to months ago...

P.S.

The puppy laying on the gravel road eyeing the toy bear is captivating but also creepy.

Fri, 02/07/2014 - 13:13 | Link to Comment DadzMad
DadzMad's picture

"Oh, and naturally the surge in construction jobs "explains" perfectly why New Home Sales in January plunged by the most since July - must have been all those new workers put to work... doing nothing."

Why do analysts only look at home building in relation to construction jobs?  Home building accounts for such a small percentage of the construction workforce it's hardly worth mentioning.  Look at commercial construction for a better guage.  There are a lot of tower cranes up in many major metro areas.  I'm not saying the projects are worthwhile, but the fact is there is a lot of work.  We're having one of the biggest years in the 100 year history of the company. Forecasts look like shit long-term and we're planning for lean times once our backlog dries up, but we've got enough big stuff to carry us through the next two years.  Again, just my observation.  Not saying the system isn't fucked.

Fri, 02/07/2014 - 13:15 | Link to Comment devo
devo's picture

They were building bunkers for ZH readers.

Fri, 02/07/2014 - 13:18 | Link to Comment cpzimmon
cpzimmon's picture

They're building secret FEMA camps obviously. The only way to explain it.

Fri, 02/07/2014 - 13:58 | Link to Comment Villageidiot777
Villageidiot777's picture

If fast food people are manufacturing burgers, would it mean goverment people are constructing barriers for average joe?

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