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Part-Time Nation: Number Of High-Wage Jobs Added In March: +2,000
Curious why March hourly wages fell, and why the weekly number continues to trend at a near-recession level, and certainly one that does not support a 2% inflation growth case? Here's why: in March the best paying industry groups - information, financial activities and manufacturing (which actually saw a drop of 1,000 jobs in the past month) - added a cumulative total of... 2,000 jobs among them. Where was the bulk of the job gains? At the worst paying sectors of course.
- Education and Health: +34K
- Leisure and Hospitality: +29K
- Temp Help: +29K
- Retail Trade: +21K
And that's why there is no inflation (at least according to whatever the Fed's preferred inflationary indicator du jour is): because the jobs that are "added" to the economy, have virtually no wage and/or purchasing power growth. But at least the "recovery" continues.
And while we have beaten this particular horse to death since December 2010, here again, is America's transition to a part-time society (via WSJ):
And another:
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Gotta have slaves to have slave wages..
http://signalinea.com/why-i-am-starting-a-long-eurusd-position/
Quit burdening yourself with Social Justice issues.
There's always room for Jello
"The wages of sin is death."
But the wages of service industry workers are far worse...
some look at those numbers and say: the glass is half full. The trickle down effect will do the rest.
some look at those numbers and say: the glass is half empty. Not enough high wage jobs.
I SAY: BARTENDER! GIME ANOTHER ONE!! IT'S FRIDAY!! JIPIKAYEAAAA!!
Replacing High Paying / Benefit Jobs, with Low Paying / No Benefit Jobs.
Its really that simple
Who's Laying Off? - http://www.dailyjobcuts.com
-
Obamacare and 29.5 hr/wk jobs......paving a way to the recovery. Just as soon as the weather clears up.
it's exactly to plan.
low paying jobs are those that ALSO get obamacre (and other) subsidies. Dependency.
Let's start a market. I'll supply the cheap labour, you supply the rich customers.
School bus drivers in Texas are getting 1,200 sign on bonus, with 40 and bennies. Must be the weather......
Middle Class, that is who is paying the most.
Exactly. Every morning I hear news about deBlasio's universal pre-k plan and how the rich need to pay for it because they don't pay their fair share.
1) What the fuck is a fair share?
2) Pre-k is nothing more than day care centers/indoctrination centers (get 'em young).
3) The middle class will end up paying for it. Not the rich.
Fuck statists and fuck socialists.
That story about Gallup yesterday made me shoot coffee out of my nose. Great job.
If they can just keep rates near zero for another 10 years and achieve their 2% inflation target, things will get better.
Because it's been working great.
I think things are about to turn around.
Up or down?
:-)
DavidC
Social Justice = Focused Crowd Control
Tired of being poor? Stop letting the fucktards on television define "wealth" for you. Go out and define it for yourself.
What a novel idea. Too bad some choose numbers and paper with green ink or fancy writing as wealth.
Yes, I wish at 12 yrs old someone had put their arm around my shoulder and explained a job does not equal wealth. Hard to finally figure that out at my age.
Miffed;-)
Even if Joey "275K print" La-Balogna made his prediction.....it would still be full of fuedalistic burger flipping, iShit slinging retails hell hole jobs.
Outstanding ! Temp jobs = Moar Freedom !!
VICE News did a great segment on how criminal temp labour is: Permanently Temporary
any number from a centrally planned criminal syndicate (IE, the Fed and US Govt) is BS anyways. so, who really cares??
Wages? Who needs wages when Walmart will help me sign up for SNAP, Zero care, and help get me a Zero phone?
+1000
Wal-Mart is the new "Company Store" as it was back in the coal mining days at the turn of the 20th century.
So...Wal Mart pays a slave wage which forces their employees to take SNAP and other government hand outs. Which means that a typical employee at Wal-Mart can't even afford to buy Wal-Mart's "Everyday Low Price" food.
So...the Wal Mart employee goes to buy food and enters their employee discount code and then swipes their SNAP card to go buy Wal Mart food that they can't afford on their Wal-Mart slave wage.
And.....here's the kicker.....Wal-Mart then is able to enter that purchase in their accounting system as revenue.....and profit.
So....Wal-Mart pays a slave wage....which forces employees to take SNAP which is the same as forcing you via the Feds to subsidize the workforce of Wal-Mart which in turns increases revenue and profits for Wal-Mart.
Which helps Wal-Mart become the largest employer in America to the tune of being bigger than the next five largest employers combined.
And the largest employer in the WORLD to the tune of the next 4 largest employers in the world combined.
And THAT is what passes off as capitalism today.
Capitalism today.....is the new FUEDALISM. And democratic republicanism today combined with Wal Mart style capitalism in America is the new FASCISM.
We have become France but with an inferior social safety net.
...and inferior croissants
...and women. Mon Dieu, have you ever known a french woman? C'est bon.
I wished they all could be California girls.
Seriously.....like.....OMG Paris Hilton ?
Or God forbid any of the Kardashian whores.
Haha. Funny you say that. I met her in San Francisco. *stares off into the distance with a slight smile*
Magnifique !
All this freedom in the population will allow us to become a nation of great thinkers, the resurgent idea people - real renaissance men!
After a full day of porn, video games, and absolutely nothing.
If more an more of the population are finding work "off the grid" does any of this really matter?
The world is saturated with debt, period. The IMF, world bank, and the BRIICs in particular are all hinting at some new pricing/exchange system. Brussels wants to impliment the SDR ASAP and the BRIICs don't like the deal they are getting (hence all the Russian movement to renegotiate trade deals).
But, let's be honest. It has always been about power and control over real resources, including the human kind. The people who hold those reins of power never simply let go. prepare for war, life is hard, always has been...
Total War.
Coventional forces are irrevocably building up between Russia and NATO.
The President will head off to East Asia to fire up the war engines there...and for the Grande Finale we'll have North Africa as well.
So let's see...that's Nazi Germany, Patton, Korea, and Vietnam.
Plus "something new that we didn't see coming."
Can't wait for the debate in Congress.
The temp jobs are why the ADP report is so fucked up each month (along with inter department fail from the ADP folks....but I do give them this pass).
People are working harder than they ever have today. The thing is, they are hustling between two-three jobs doing so. I know of at least two people in my department (most of us under 35) who have 2 jobs.
This messes up and rehypothecates the actual payroll numbers because the number of checks being cut don't reflect the economy's actual growth of real, sustainable, long term CAREERS....not just JOBS.
Seeing the establishment left folks on my twitter feed praise and defend these reports are just fucking sad. Tribalism at its worst. We will deserve what is coming to us.
Nicely put. As I have been saying for a while, get your tribe in order and get long black markets (or black trading pools if you will) and sharecropping...
Beat the rush.
“The greatest shortcoming of the human race is our inability
to understand the exponential function.”
- Dr. Albert Bartlett
Professor Emeritus, UC Boulder
let's not forget ADP was started by the great socialist entreneaur Sentor Frankenface Latbenger, and his numbers have been skewed since birth. I trust all the data coming from and evowed Democratic hardcore socialist.
R
Yikes. This is why communists place such a high priority on controlling the media and schools.
Give me 4 years to teach the children and the seed I have sown will never be uprooted. Give us the child for 8 years and it will be a Bolshevik forever.
~ V. I. Lenin
And what after 12+ years of Common Core?
SHOVEL READY
Shovel ready, indeed, and not much else.
I'm confused by what a 'high wage' job is....is that anything over minimum wage or what?
These jobs numbers are as legitimate as you know who's certificate of live birth.
This allows millions of people to be freed from teh shackles of a job! Free to write cowboy poetry! To become artists and basket weavers! Free to express themselves without the nasty complications of having to fend for themselves!
Yeah - like it was in the 'old' days!
Same thing happening with our Canadian job numbers. For the month of March we added 30,000 new part time jobs out of 43,000 new jobs created, the rest went to full time leach fuck taxpayer supported public sector jobs. Thus a zero sum game, since virtually all and more of the income tax paid through the part time workers went to pay all the full time leach fucks.
Anybody got data on wages by sector?
Seems odd to describe Education & Health as a low-paying sector. Sure, there are some ass-wipers and teacher's aides making $10/hr, but nurses and teachers don't have it so bad.
Classed as professionals paid as hourly best of both worlds?
the newer teachers do not have it nearly so good as those just retired at young age. Obviously the reason is the schools and local govt are out of money. The now retired teachers for the most part are thrilled to retired and get away from their daily (well, 2/3 of year) grind.
Most of our friends--the wives were teachers, and the public positive spin is so different than what they have been saying privately for years, They hated their jobs the kids were a pin in the butt to them. Parent treacher night were a horrific take away of their private time. They were upset that they could only take vacation in summer, and at specific winter and spring breaks. They wanted to teach the same classes so they woudl not have to redo lesson plans.
They took the jobs 40 years ago to pick up some money while they were waiting to have families.
But they also had unions that went to al out aggressive tactics.
Having said al this neg stuff, is Fed govt better? Is big business better? Of course not--our society is selfish et al. every man or woman for him or herself
I am not sure about teachers but a couple of things happening with nurses. The middle position of LPN is being eliminated. Second is what many are speaking of here about only getting part-time hours.
My girlfriend is an RN with three degrees. Her hourly is great but only gets 24-32 hours per week, no bennies. Those jobs are abundent, PRN's they call them.
She can get travel nursing full-time and great pay if she wanted to travel. Travel nurses still make good dough.
Jobs doesn't seem to matter anymore. The market looks at the Fed's money pumping.
If you want to pursue your dream of being an artist, you should have the freedom to do that that a temp job will afford you.
At my big box retailer there is always open shifts for more part time hours? Purposely run under staffed to provide that little extra incentive to make the part timer feel more (at) home?
Thanks Tyler for such a quick response answering my question - 4624464
http://www.zerohedge.com/news/2014-04-04/march-payrolls-miss-192k-below-200k-expected-unemployment-rate-67-above-66-expected?page=1
( "I'm guessing that is the adjusted number. What's the raw number?" )
;)
At my age (over 60) all that is available is part time work. It is mindless, boring but what is someone supposed to do if they want to pay bills and eat? Other than starting a business which I'm doing, there is no alternative.
My hope is that all the former arrogant pricks with high paying jobs and their snotty nosed bitch wives and kids learn the new reality of dealing with snotty pricks like your ex-selves. You'll find Americans to be the biggest fucking slobs on the face of the earth and the rudest mother fuckers you'll ever meet. I've been called such by the "elite" simply because they had to walk into the service station for a gas receipt, or I carded them to prove they're over 21.
The sense of entitlement runs from the lowest EBT FSA member to the elite 1%. There's not a dime bit of difference between the two. They're all self centered jerks.
haha, you're right!
Those of us who came from the lower-middle to middle-midle class are being exterminated by the Obaminator!
Bath House has blown enough clownbux on travel that, if in the private sector instead, would have no doubt allowed the creation of many middle-class jobs!
"ou'll find Americans to be the biggest fucking slobs on the face of the earth and the rudest mother fuckers you'll ever meet. I've been called such by the "elite" simply because they had to walk into the service station for a gas receipt, or I carded them to prove they're over 21.
The sense of entitlement runs from the lowest EBT FSA member to the elite 1%. There's not a dime bit of difference between the two. They're all self centered jerks."
---OMG. A realtor flipping boomer? Wait, didn't you "victims" have the voting majority? Did you "victims" have a legitimate mortgage and a fairy priced first home in a non-blockbustered neighborhood, REagan's prosperity and affordable college tuition?
Didn't you have the opportunity to save up?
I'm Gen Y. I didn't. As a matter of fact, you racist "non-materialistic" COLLECTIVE boomer kleptocratic white trash caste system robbed me. :)
I never had the freedom to buy a house, live off of savings to party or even take classes.
I worked the entire time. I was held to very high standards by an immigrant who used me for citizenship- and I was knived with racism by all races when I hurt and robbed no-one.
Didn't you buy halliburton shares when the young adults were sent to multiple tours of THREE Wars for a SURVIVAL job?
Didn't you knife somebody for gambling money?
I thought so. SHut up beatnik. Get off my lawn.
" You'll find Americans to be the biggest fucking slobs on the face of the earth and the rudest mother fuckers you'll ever meet. "
You didn't meet the kids who had to put ourselves through school and sacrifice because life forced us to. Oh wait, you were only looking at the 1% and not most Americans. Oh btw, not all of us are white. Stupid IDiot. OMG, not white and nice people? REALLY?
I only wish we were completely invisibile to the baby boomer kleptocracy enforced white trash so they woudln't know to rob us for money we didn't have.
The boomers whined about gangsta violence and provoked it with blockbusting.
Most of the real estate flippers are caucasian.
Boomer trash is who advertisers cater to and the boomers have admitted that they like to put down the younger generation in order to feel better about themselves. Nevermind the NICE young adults who work got stuck delivering pizzas IF the manager was nice enough not to laugh them out of the restaurant.
Oh poor boomers are getting botox "for migraines" and "medical" marijuana while broke, robbed young adults foot the bill when the boomers are much too stupid to Google their own research on their own issues. blech...
I can only conclude that 'FEMA Coffin Stacker' must count as 'Business Services' then.
I'm an American and it's sad to this but I look at the government kind of like a football team. Ever been a fan of a team that just loses alllllll year long? But it's not just that America keeps losing but it's like....why the fuck are you punting on first down? STOP PUNTING ON FIRST DOWN!!!! The government wont stop punting on first down and the only thing that could make this team worse is if they start fumbling the snap to the kicker. And now they're starting to do that.
And that's how to explain being an American.
Same old tired cr@p on here. Decrying the types of job created in US, ranting about 'statist' this and 'statist state that, and the huge irony that if we only had 'unregulated capitalism' that there would be a ton of high-paying jobs in the US despite the fact that global trade's No 1. goal is to seek the absolute lowest cost of production & greatest margin (essentially unregulated capitalims). This is just a piss and moan forum with no ideas with the same, old tired cliches.
Sand in your vagina?
Obviuosly your FEMA 'coffin' comment was well-thought out, articulate, and really satirical.
Not at all, it was flippant and obvious, but it gave someone a smile so what the hell.
Don't let the door hit you in the ass on the way out.
When you cannot squeeze job growth out of a QE,low interest, stimulative economy there is a solution that has worked in the past when the National well being and financial survival was at stake. The solution was introduced as a temporary measure during WWII -------wage controls and taxing the very wealthy at high tax rates. We have reached the point where it is necessary to stop income disparity on a temporary basis as a sacrifice for survival. Other measures such as price controls and rationing are not warrented since we have overcapacity in a global economy and low inflation, but we do have high unemployment and unacceptable income disparity approaching Greed which permeates society and has the potential
of destroying capitalism as we know it.
Obviously the Captains of Industry and Incentive argument has failed. Time is running out ! The Fed should be studying the economy of WWII rather than the economy of the 1930's
Where's the chart with the number of people that don't want to work and just want to stay home and collect benefits?
Where's the chart of people hustling your mom on the street corner?
Oh wait, that's not a money maker either. Damm...should've gone with the tranny from Laos.
"Where's the chart of people hustling your mom on the street corner? "
What the fuck kind of loser would write that?
Go into any Department store or restaurant, 90 % of the employees are part time college kids. And that's what being added to the job reports!
Also a *lot* of those "professional service" jobs are some unemployed guy who prints up some business cards and declares himself employed, even with no income whatsoever.
No question that now it's time for ZH to develop a color code.
The stories that appear, that repeat what we all know and have read in one format or another, with the sole exception of WB7s art, should instead be shortcutted by the use of a color. Just one color instead of all the words used to describe, say, the latest fraudulent confabulations that those in government publish each day, week or month.
It would be a shorthand way of sayin they're still lying thru their dentures, spending entire days on Porn sites, and generally doing what they have been doing since Caesar and Brutus disagreed.
Bernanke says something at $250,000 per word? A simple black square will inform us of such and we can go on our rants about him, and avoid having to read yet again what he has done to enrich his relatives.
hrc is going to the Women of the World and 'Blasting' Putin? A simple red square would so inform us and we can rant about this species of political animal that has never held a real job in her entire life and can't bake a simple chocolate chip cookie, and is a doormat for her partner in power, and a complete shameful embarrassment to her daughter, also a complete embarrassment to her parents and the world for following in their cow flop laden footprints. And never will hold private sector job that isn't a payoff to clinton for some favor he did for some obscure politician, private gazillioniaire or Marc Rich, specifically.
We need a shorthand to get thru all that's going on that is new and accelerating in the eventual descent to 4th world status of our once beloved country.
Well said but no solution. Small percentage of ZH commenters offer constructive solutions while most vent from preconditioned ideological perspectives inborn or acquired by peer pressure or ignorance. Nevertheless, ZH serves a useful function in understanding pulse of national thinking.
So when are you going to get China to remove it's barrier to the US financial sector?
I can't get to the table by means outside of my control.
Stupid loser moron.
Our slim shady idiot for POTUS who couldn't handle neocons before Putin, this is how he's "balancing the budget".
What kind of poverty pimp IS he?
HERE IS THE OFFICIAL STATEMENT TIVEN BY THE BLS AS TO WHY IT WILL NO LONGER REPORT MASS LAYOFFS AS OF MARCH 2013:
"On March 1, 2013, President Obama ordered into effect the
across-the-board spending cuts (commonly referred to as sequestration)
required by the Balanced Budget and Emergency Deficit Control Act, as
amended. Under the order, the Bureau of Labor Statistics (BLS) must cut
its current budget by more than $30 million, 5 percent of the current
2013 appropriation, by September 30, 2013. In order to achieve these
savings and protect core programs, the BLS is taking the steps listed
below:
-Eliminate the Measuring Green Jobs products.
-The BLS produces data on employment by industry and occupation for
businesses that produce green goods and services. The BLS also conductsspecial employer surveys to provide data on the occupations and wages of jobs related to green technologies and practices, as well as developsand disseminates career information related to green jobs.
-ELIMINATE THE MASS LAYOFF STATISTICS PROGRAM
The Mass Layoff Statistics program provides information that identifies,
describes, and tracks the effects of major job cutbacks in the economy.
-ELIMINATE THE INTERNATIONAL LABOR COMPARISONS PROGRAM.
The International Labor Comparisons (ILC) program adjusts foreign data
to a common framework of concepts, definitions, and classifications to
facilitate data comparisons between the United States and other
countries. ILC data are used to assess United States economic
performance relative to other countries, AS WELL AS TO EVALUATE THE COMPETATIVE POSITION OF THE UNITED STATES IN INTERNATIONAL MARKETS.
(Because Mr. "Citizen of the World" couldn't cut it)
Through these measures, the BLS expects to preserve to the extent
possible the quality of its remaining products; however, the actions
described above will reduce somewhat the ability of the BLS to supply
timely and accurate information on the economy and labor market, and
halt implementation of critical data improvements that were planned for
this year."http://www.bls.gov/bls/sequester_info.htm
I didn't vote for the functioning retard, entitled coked out stoner draft dodging war mongering numberically illiterate affirmative action trophy called Obama.
why he's no better than a republican.
all bought and paid for.
All political groups are sucking 3 inch body parts off of Nixon's dead corpse. So are the Chinese apparently.
Of course these things are cut because they don't benefit business planning and provide clarity/insight into unpopular/negative economic news or failed policy initiatives.
Up until Clinton, the Democrats generally supported this type of data collection but as both parties have become more 'corportist' in nature they both readily cut these types of data collection and information on negative economic policy news. Another popular trick is to cut down oversight of safety laws by removing inspectors or even better yet letting the industry 'police themselves.' Now there is little difference between the parties on these points. Democrats just pay it a bit more lip service. If people die or get sick, oh well. Pay a fine, apologize, and move on with business as usual.
You are overthinking this. It is propaganda 101. Bad news doesn't exist if you don't report it.
What a fucking circus with one to many clowns!
UH I MISS MICHAELMOORE.
Sounds right. That's the US economy: healthcare, education, leisure & hospitality, and retail jobs. Low productive jobs.
+2,000 high wage jobs......amazing that is a + sign
I totally agree that is a majorly positive sign. A whole 40 high paying jobs per State will get us out of this hole so damn quickly /SARC
I was speaking with a good friend of mine yesterday. She is a fully legal immigrant who follows the law, and has put herself into a high paying job by busting her ass and doing whatever it takes over many years. She is the paradigm of good work ethic and pulling yourself up by ones' own bootstraps. Unfortunately, her boss, an Indian national(H1B) and general all-around prick, is repeatedly threatening her with firing/replacement by an Indian boy(H1B) that he knows in India.
As much as I hate to say it, I feel like my friend is being setup to be fired in order to bring in this H1B from India. She did not know what H1B means so I explained it to her. She was not happy about it when she learned exactly what it means.
I find myself wretching with nausea whenever I hear these sociopathic CEOs and various whore politicians bleating about the need for more H1Bs. The H1B program has devasted both of my highest paying career skill sets. I survive only by taking advantage of the many weaknesses that H1Bs have.
Cui bono?
I wonder about demographics.
Millions upon millions of people are still piling into this country, an increasing percentage of them youth seeking employment and thinking the DREAM Act will be their salvation. My mind wanders back to Tahrir Square, and the percentage of unemployed youth I saw interviewed there.
Meanwhile, ICE reports off the record that "virtually no one is being deported anymore," for any reason.
What will the consequences be of 250 people piling into a lifeboat designed to hold only 40?
We know so supply the boats