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Part-Time Nation: Number Of High-Wage Jobs Added In March: +2,000

Tyler Durden's picture




 

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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Fri, 04/04/2014 - 09:26 | 4624501 JJSF
JJSF's picture

Gotta have slaves to have slave wages..

 

http://signalinea.com/why-i-am-starting-a-long-eurusd-position/

Fri, 04/04/2014 - 09:28 | 4624511 knukles
knukles's picture

Quit burdening yourself with Social Justice issues.
There's always room for Jello

Fri, 04/04/2014 - 09:36 | 4624531 Pool Shark
Pool Shark's picture

 

 

"The wages of sin is death."

But the wages of service industry workers are far worse...

 

Fri, 04/04/2014 - 09:40 | 4624560 Sudden Debt
Sudden Debt's picture

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!!

Fri, 04/04/2014 - 09:41 | 4624573 Shocker
Shocker's picture

Replacing High Paying / Benefit Jobs, with Low Paying / No Benefit Jobs.

Its really that simple

Who's Laying Off? - http://www.dailyjobcuts.com

-

Fri, 04/04/2014 - 09:48 | 4624584 GetZeeGold
GetZeeGold's picture

 

 

Obamacare and 29.5 hr/wk jobs......paving a way to the recovery. Just as soon as the weather clears up.

Fri, 04/04/2014 - 09:59 | 4624675 onewayticket2
onewayticket2's picture

it's exactly to plan.

 

low paying jobs are those that ALSO get obamacre (and other) subsidies.   Dependency. 

Fri, 04/04/2014 - 10:16 | 4624729 PT
PT's picture

Let's start a market.  I'll supply the cheap labour, you supply the rich customers.

Fri, 04/04/2014 - 11:14 | 4624917 oklaboy
oklaboy's picture

School bus drivers in Texas are getting 1,200 sign on bonus, with 40 and bennies. Must be the weather......

Fri, 04/04/2014 - 09:43 | 4624567 Shocker
Shocker's picture

Middle Class, that is who is paying the most.

Fri, 04/04/2014 - 11:13 | 4624746 lordylord
lordylord's picture

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.

Fri, 04/04/2014 - 09:36 | 4624537 Two-bits
Two-bits's picture

That story about Gallup yesterday made me shoot coffee out of my nose. Great job.

Fri, 04/04/2014 - 09:39 | 4624554 SilverIsKing
SilverIsKing's picture

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.

Fri, 04/04/2014 - 09:54 | 4624643 tarsubil
tarsubil's picture

I think things are about to turn around.

Fri, 04/04/2014 - 10:19 | 4624738 DavidC
DavidC's picture

Up or down?

:-)

DavidC

Fri, 04/04/2014 - 10:03 | 4624686 SunRise
SunRise's picture

Social Justice = Focused Crowd Control

Fri, 04/04/2014 - 09:36 | 4624539 LawsofPhysics
LawsofPhysics's picture

Tired of being poor? Stop letting the fucktards on television define "wealth" for you.  Go out and define it for yourself.

Fri, 04/04/2014 - 09:57 | 4624662 tarsubil
tarsubil's picture

What a novel idea. Too bad some choose numbers and paper with green ink or fancy writing as wealth.

Fri, 04/04/2014 - 12:29 | 4625199 Miffed Microbio...
Miffed Microbiologist's picture

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;-)

Fri, 04/04/2014 - 09:55 | 4624651 Jumbotron
Jumbotron's picture

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.

Fri, 04/04/2014 - 09:29 | 4624514 Rainman
Rainman's picture

Outstanding ! Temp jobs = Moar Freedom !!

Fri, 04/04/2014 - 09:31 | 4624521 dow jones 20000
dow jones 20000's picture

VICE News did a great segment on how criminal temp labour is: Permanently Temporary

Fri, 04/04/2014 - 09:30 | 4624518 101 years and c...
101 years and counting's picture

any number from a centrally planned criminal syndicate (IE, the Fed and US Govt) is BS anyways.  so, who really cares??

Fri, 04/04/2014 - 09:33 | 4624522 Dr. Engali
Dr. Engali's picture

Wages? Who needs wages when Walmart will help me sign up for SNAP, Zero care, and help get me a Zero phone?

Fri, 04/04/2014 - 10:05 | 4624691 Jumbotron
Jumbotron's picture

+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.

Fri, 04/04/2014 - 09:34 | 4624528 Raging Debate
Raging Debate's picture

We have become France but with an inferior social safety net.

Fri, 04/04/2014 - 09:38 | 4624546 Pool Shark
Pool Shark's picture

 

 

...and inferior croissants

 

Fri, 04/04/2014 - 10:25 | 4624752 tarsubil
tarsubil's picture

...and women. Mon Dieu, have you ever known a french woman? C'est bon.

Fri, 04/04/2014 - 10:42 | 4624798 dontgoforit
dontgoforit's picture

I wished they all could be California girls.

Fri, 04/04/2014 - 10:54 | 4624838 Jumbotron
Jumbotron's picture

Seriously.....like.....OMG Paris Hilton ?

Or God forbid any of the Kardashian whores.

Fri, 04/04/2014 - 14:15 | 4625615 tarsubil
tarsubil's picture

Haha. Funny you say that. I met her in San Francisco. *stares off into the distance with a slight smile*

Fri, 04/04/2014 - 16:16 | 4626283 Jumbotron
Jumbotron's picture

Magnifique !

Fri, 04/04/2014 - 09:34 | 4624529 replaceme
replaceme's picture

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.

Fri, 04/04/2014 - 09:35 | 4624532 LawsofPhysics
LawsofPhysics's picture

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...

Fri, 04/04/2014 - 10:07 | 4624699 disabledvet
disabledvet's picture

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.

Fri, 04/04/2014 - 09:37 | 4624540 Shizzmoney
Shizzmoney's picture

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.

Fri, 04/04/2014 - 09:56 | 4624653 LawsofPhysics
LawsofPhysics's picture

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

 

 

Fri, 04/04/2014 - 11:37 | 4624988 oklaboy
oklaboy's picture

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.

Fri, 04/04/2014 - 12:11 | 4625116 combatsnoopy
combatsnoopy's picture

R

Fri, 04/04/2014 - 09:40 | 4624565 foodstampbarry
foodstampbarry's picture

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

Fri, 04/04/2014 - 09:47 | 4624599 Ignatius
Ignatius's picture

And what after 12+ years of Common Core?

Fri, 04/04/2014 - 10:11 | 4624712 elwind45
elwind45's picture

SHOVEL READY

Fri, 04/04/2014 - 10:58 | 4624856 Ignatius
Ignatius's picture

Shovel ready, indeed, and not much else.

Fri, 04/04/2014 - 09:41 | 4624570 SheepDog-One
SheepDog-One's picture

I'm confused by what a 'high wage' job is....is that anything over minimum wage or what?

Fri, 04/04/2014 - 09:41 | 4624574 Judge Crater
Judge Crater's picture

These jobs numbers are as legitimate as you know who's certificate of live birth. 

Fri, 04/04/2014 - 09:44 | 4624585 shermacman
shermacman's picture

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!

Fri, 04/04/2014 - 10:43 | 4624805 dontgoforit
dontgoforit's picture

Yeah - like it was in the 'old' days!

Fri, 04/04/2014 - 09:45 | 4624588 Toxicosis
Toxicosis's picture

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.

Fri, 04/04/2014 - 09:49 | 4624615 wcvarones
wcvarones's picture

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.

Fri, 04/04/2014 - 10:08 | 4624701 elwind45
elwind45's picture

Classed as professionals paid as hourly best of both worlds?

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