• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

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 | 4411672 PR Guy
PR Guy's picture

They must have been building igloos

Fri, 02/07/2014 - 11:25 | 4411680 madbraz
madbraz's picture

or building fake jobs reports

Fri, 02/07/2014 - 11:28 | 4411683 synergize
synergize's picture

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

Fri, 02/07/2014 - 11:31 | 4411694 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 - 11:35 | 4411702 WarriorClass
Fri, 02/07/2014 - 11:37 | 4411711 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 | 4411719 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 | 4411978 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.





Fri, 02/07/2014 - 12:49 | 4411983 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 | 4412029 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 | 4411699 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 | 4411703 mofreedom
mofreedom's picture

In 2.5 hours for me.

Fri, 02/07/2014 - 11:43 | 4411735 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 | 4411687 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 | 4411852 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 | 4411676 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 | 4411758 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 | 4412051 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 | 4411679 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."


Fri, 02/07/2014 - 11:47 | 4411751 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 | 4411688 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 | 4411698 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 | 4411749 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 | 4411766 El Oregonian
El Oregonian's picture

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

Fri, 02/07/2014 - 11:31 | 4411700 medium giraffe
medium giraffe's picture

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

Fri, 02/07/2014 - 11:34 | 4411701 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 | 4411710 AmericasCicero
AmericasCicero's picture

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

Fri, 02/07/2014 - 11:36 | 4411704 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 | 4411708 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 | 4411709 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 | 4411718 Dr. Engali
Dr. Engali's picture

I hate it when that happens.

Fri, 02/07/2014 - 11:45 | 4411743 Save_America1st
Save_America1st's picture

volatility, bitchez!!!

Fri, 02/07/2014 - 13:03 | 4412071 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 | 4411734 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 | 4411747 Sardonicus
Fri, 02/07/2014 - 11:43 | 4411738 Kokulakai
Kokulakai's picture

Those are not the workers you're looking for

Fri, 02/07/2014 - 11:43 | 4411740 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 | 4411759 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 | 4412101 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 | 4412102 Things that go bump
Things that go bump's picture


Fri, 02/07/2014 - 11:48 | 4411760 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 | 4411765 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:


Fri, 02/07/2014 - 11:57 | 4411779 vote_libertaria...
vote_libertarian_party's picture

kids building snow forts = construction jobs

Fri, 02/07/2014 - 12:04 | 4411796 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 | 4411825 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!



"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 | 4411888 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 | 4411889 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...


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

Fri, 02/07/2014 - 13:12 | 4412142 mrdenis
Fri, 02/07/2014 - 13:13 | 4412150 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 | 4412164 devo
devo's picture

They were building bunkers for ZH readers.

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