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Where The Jobs Are: More Than Half Of All February Job Gains Are In Education, Leisure, Temp Help And Government
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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There is no choice but to challenge the Russians.
Sure there is a choice. There are plenty of brown people around the globe who need to be bombed into freedom.
It's a warm water port so there must be some brown people there, bombs away...
Boris learn today woman is enter USSA army combat force. Good luck for that!
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.
Most important patriotic job for AmeriKan is consumption of good and service.
Just wondering -- do "escorts" fall under leisure and hospitality, or professional and business services?
It depends on their outfits.
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
Weed farms in Washington, Colorado - GROWING
"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.
War is good for business.
Also, dead people do not count as unemployed.
Neither do most live people.
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.
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.
In New Normal USSA, light bulb screw you.
Well with the advances in technology there should be more time for liesure right? The human race is headed in the right direction.
so mostly government or government sponsored health care... nice... jobs by the printing press...
I would like to see a breakout of health vs. education/daycare.
A hefty percentage of those jobs in Education and Healh are also Government jobs.
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?
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.
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
Forward Soviet!
Government workers should not count in the employment numbers.
At least waitresses bring your drink to you.
Goverment workers are there to hold back everyone else.
They should be counted as negative workforce.
"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)".
They are hedge against awesomeness. No you can't have you space ships and moon bases.
Education and "Health" (Sick) is GovernmentTM
What will they blame the obamacare hourly reductions in March April and May on?
Mirrors.
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.
and how is this ratio different than any other month for the past 5 years?
This is going to be the best summer of recovery yet!
Hell yeah.
We need more "leisure workers"
Bring on the geishas and cheap titty dancers
"It's spring and green shoots all around."
"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
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.
We've become a nation of badly dressed butlers
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.
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.
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.
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?
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.