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Where The Jobs Are: More Than Half Of All February Job Gains Are In Education, Leisure, Temp Help And Government

Tyler Durden's picture




 

As we showed moments ago, the scariest chart of today's nonfarm payroll report was the plunge in average weekly earnings. For those curious why US workers are unable to make any headway in obtaining higher wages, the following breakdown of just where the 175,000 (seasonally adjusted, because apparently now seasonal adjustments work again) February job gains were should provide some color.

Unfortunately, as has been the case for the past several months, well over half the total job gains in February were in industries that pay the least.

To wit:

  • Education and Health: +33K
  • Leisure and Hospitality: +25K
  • Temp Help Services: +24K
  • Government: +13K

Taken together, these 95K jobs amount to well over half of all job gains in the past month. It goes without saying that there is little wage growth of note one can hope for in these sectors.

Also of note: the high-paying information sector lost a whopping 16K jobs in February, following 8K losses the month before, while only 9K financial jobs were added this month (offsetting the 2K drop last month).

Finally, that US manufacturing renaissance? Stick a fork in it, with just 6K jobs added in February, the exact same amount as the month prior.

 

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Fri, 03/07/2014 - 10:55 | 4521047 Space Animatoltipap
Space Animatoltipap's picture

There is no choice but to challenge the Russians.

Fri, 03/07/2014 - 11:05 | 4521100 Dr. Engali
Dr. Engali's picture

Sure there is a choice. There are plenty of brown people around the globe who need to be bombed into freedom.

Fri, 03/07/2014 - 11:07 | 4521112 Winston of Oceania
Winston of Oceania's picture

It's a warm water port so there must be some brown people there, bombs away...

Fri, 03/07/2014 - 11:23 | 4521170 Boris Alatovkrap
Boris Alatovkrap's picture

Boris learn today woman is enter USSA army combat force. Good luck for that!

Fri, 03/07/2014 - 11:29 | 4521193 Hippocratic Oaf
Hippocratic Oaf's picture

We are a services society, nothing more.

We have other countries build it cheap and sell it to us.

Corp. profits are through the roof because of it.

You can't spread your arms wide enough to measure the distance between the haves and have nots.

Fri, 03/07/2014 - 11:37 | 4521212 Boris Alatovkrap
Boris Alatovkrap's picture

Most important patriotic job for AmeriKan is consumption of good and service.

Fri, 03/07/2014 - 11:42 | 4521252 Lost My Shorts
Lost My Shorts's picture

Just wondering -- do "escorts" fall under leisure and hospitality, or professional and business services?

Fri, 03/07/2014 - 12:44 | 4521525 mickeyman
mickeyman's picture

It depends on their outfits.

Fri, 03/07/2014 - 11:25 | 4521179 TruthInSunshine
TruthInSunshine's picture

Kelly Services, University of Phoenix/ITT Tech/Everest University, Local Tax Assessors Office/Washington D.C. Federales & Dave -and- Buster's - HIRING

Boeing, IBM, GE, Honeywell, BASF, Dow Chemical, Chrysler-Fiat, Caterpillar, Joy Global, Major Retailers, Kellogg, non-TBTF Credit Union & Banks, Owens Corning, WR Grace, Navistar, Delta, Mayo Clinic, Aetna, etc., etc., etc. - FIRING.

NEW NORMAL BITCHEZ

Fri, 03/07/2014 - 11:29 | 4521192 TheFourthStooge-ing
TheFourthStooge-ing's picture

Weed farms in Washington, Colorado - GROWING

Fri, 03/07/2014 - 18:14 | 4523074 Rafferty
Rafferty's picture

"the high-paying information sector lost a whopping 16K jobs in February"

 

So there is a God!   Let me savor the thought of these white-hating Cultural Marxist propagandists sharing the dole queue with their fellow proletariats.

 

Fri, 03/07/2014 - 10:56 | 4521056 glaucon was right
glaucon was right's picture

War is good for business.

Also, dead people do not count as unemployed.

Fri, 03/07/2014 - 11:04 | 4521098 NoDebt
NoDebt's picture

Neither do most live people.

Fri, 03/07/2014 - 11:06 | 4521110 glaucon was right
glaucon was right's picture

At least they are open with it. You do not count anyway.

Except when you are rioting. Then we shoot you, and you are dead, so you do not count again.

Fri, 03/07/2014 - 11:26 | 4521185 Boris Alatovkrap
Boris Alatovkrap's picture

Fast solution for reduce rate of unemployment is hire protester to shoot other protester... more job, less unemployment persons.

Here is joke...

Q: How many protester is screw incandescent bulb?

A: None, all is be too busy for protesting.

Fri, 03/07/2014 - 11:45 | 4521266 TruthInSunshine
TruthInSunshine's picture

In New Normal USSA, light bulb screw you.

Fri, 03/07/2014 - 12:28 | 4521471 JailBank
JailBank's picture

Well with the advances in technology there should be more time for liesure right? The human race is headed in the right direction.

Fri, 03/07/2014 - 10:57 | 4521057 Sudden Debt
Sudden Debt's picture

so mostly government or government sponsored health care... nice... jobs by the printing press...

Fri, 03/07/2014 - 10:58 | 4521058 Spastica Rex
Spastica Rex's picture

I would like to see a breakout of health vs. education/daycare.

Fri, 03/07/2014 - 10:58 | 4521064 RSloane
RSloane's picture

A hefty percentage of those jobs in Education and Healh are also Government jobs.

Fri, 03/07/2014 - 11:02 | 4521084 Pairadimes
Pairadimes's picture

Some are directly employed by government. The rest work for organizations for which the government is the single largest source of revenue. What could possibly go wrong?

Fri, 03/07/2014 - 10:59 | 4521070 Dr. Engali
Dr. Engali's picture

I just put my application into Radio Shack. If that doesn't pan out I'll try Staples. Maybe Romney can pull some strings for me.

Fri, 03/07/2014 - 11:02 | 4521079 Termin8or
Termin8or's picture

It is because of the weather dummies.    IT workers slip and fall because of the ice and end up in hospitals.  So less IT workers and the need for more health care workers.  /sarc

Fri, 03/07/2014 - 11:01 | 4521080 The Merovingian
The Merovingian's picture

Forward Soviet!

Fri, 03/07/2014 - 11:01 | 4521081 Budd aka Sidewinder
Budd aka Sidewinder's picture

Government workers should not count in the employment numbers.

At least waitresses bring your drink to you.

Fri, 03/07/2014 - 11:02 | 4521089 glaucon was right
glaucon was right's picture

Goverment workers are there to hold back everyone else.

They should be counted as negative workforce.

Fri, 03/07/2014 - 11:16 | 4521149 Comte d'herblay
Comte d'herblay's picture

"Government "workers"", is an oxymoron.

When considering the amount of time a human bean---- who gets paid by the taxpayer or by Janet Yellen with newly printed FRN----in the maw of government actually does ANYTHING productive, you would have to agree that the poster stating that they are negative producer, is absolutely correct.  No <sarc> on, either.

They are barriers to production.  Specialists whose sole purpose on earth to slow things down to a crawl and hopefully move things into reverse.

"I'm from the government and I'm here to help (regression to the mean)".  

 

Fri, 03/07/2014 - 11:34 | 4521216 glaucon was right
glaucon was right's picture

They are hedge against awesomeness. No you can't have you space ships and moon bases.

Fri, 03/07/2014 - 11:04 | 4521097 The Proletariat
The Proletariat's picture

Education and "Health" (Sick) is GovernmentTM

Fri, 03/07/2014 - 11:06 | 4521104 Winston of Oceania
Winston of Oceania's picture

What will they blame the obamacare hourly reductions in March April and May on?

Fri, 03/07/2014 - 11:09 | 4521131 Comte d'herblay
Comte d&#039;herblay's picture

Mirrors. 

Fri, 03/07/2014 - 11:15 | 4521144 Dr. Engali
Dr. Engali's picture

Spring fever. People are so happy now that they have free healthcare, an obamaphone, Snap, and free rent that they don't have to work. They have plenty of time to frolic. Just ask Nancy Pelosi.

Fri, 03/07/2014 - 11:06 | 4521107 vote_libertaria...
vote_libertarian_party's picture

and how is this ratio different than any other month for the past 5 years?

Fri, 03/07/2014 - 11:16 | 4521152 F.A. Hayek
F.A. Hayek's picture

This is going to be the best summer of recovery yet!

Fri, 03/07/2014 - 12:32 | 4521488 Carl Popper
Carl Popper's picture

Hell yeah.

We need more "leisure workers"

Bring on the geishas and cheap titty dancers

Fri, 03/07/2014 - 14:09 | 4521911 Emergency Ward
Emergency Ward's picture

"It's spring and green shoots all around."

Fri, 03/07/2014 - 11:20 | 4521160 insanelysane
insanelysane's picture

"Finally, that US manufacturing renaissance? Stick a fork in it, with just 6K jobs added in February, the exact same amount as the month prior."

How many times have I told you, ALL of the numbers on the spreadsheet need to change every month.  If they don't change, the few people out there that understand math and statistics start to babble about standard deviations, statistical distributions, and crap like that.  Next month, double check the numbers and make sure none are the same from the prior month.

-BLS management

Fri, 03/07/2014 - 12:37 | 4521511 Carl Popper
Carl Popper's picture

We can increase manufacturing without additional workers.  Big data and machines don't need whiny humans to help anymore.

 Humans just want wages and benefits and shit. 

Fri, 03/07/2014 - 11:38 | 4521229 Shizzmoney
Shizzmoney's picture

We've become a nation of badly dressed butlers

Fri, 03/07/2014 - 11:53 | 4521294 nakki
nakki's picture

Make believe numbers in a make believe world. In reality to keep up with population growth wouldn't we need 300k just to break even. Does anybody really believe these numbers anymore. If you do you are a chimp, end of story.

Fri, 03/07/2014 - 12:02 | 4521334 nakki
nakki's picture

Actually I should have said if anyone ever believed these numbers in the first place, than you're a chimp. If numbers can get revised years later what does it matter what February's made up non farm SURVEY is.

Fri, 03/07/2014 - 13:24 | 4521699 pitz
pitz's picture

Time to deport the H-1B scabs, since even the IT sector is not growing.  Firms are still receiving hundreds of qualified resumes from domestic talent per position. 

Fri, 03/07/2014 - 15:56 | 4522482 Westcoastliberal
Westcoastliberal's picture

Didn't note this in your article but it's important...of the 175,000 "jobs" reported, 125,000 were magically "estimated".  So the breakdown into specific categories really doesn't matter, does it?

Wed, 03/19/2014 - 04:49 | 4566752 Melody7773
Melody7773's picture

We really lack good educators and it is good for people that they are being hired. I honestly thought that a teaching profession was not popular at all. The reason why I thought so is because I cannot say that I see too many news schools are being opened. I guess it is because of such a poor financing we have for education. All I see is cuts every now and then as if there is something left to cut in education segment. It is sad you know, educated nation is our future. So far our kids can even hardly write an admission application by themselves, so they choose top admission essay writing service online to do it for them.

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