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The Feudal "Recovery" Continues: 21,000 Waiters Added; 9,000 Manufacturing Workers Lost

Tyler Durden's picture




 

In our final look at today's lack of jobs report, we wanted to highlight two quick things.

First, of the 142K jobs added in September, 24K was government jobs, which incidentally was laid out by a scrambling for a silver lining Bank of America as the "positive" in today's jobs report. To wit: "Government hiring was strong for a fourth consecutive month, with payrolls up a solid 24,000 and averaging almost 29,000 in that time span." Because more government hiring is what the U.S. needs.

Sarcasm aside, this left just 118K for the private sector. Of this 118K, 78% went to low/minimum-wage paying jobs: Leisure and Hospitality was 30% of the total, adding 35K jobs, 25% was for education and health, more minimum wages, with Retail and Temp Help rounding out the remaining 23% in "gains."  Meanwhile jobs which actually pay good wages, mining and logging, manufacturing and wholesale trade, all declined in September.

Unfortunately, there are still those - mostly economists and drama majors - who are still clueless about why the US economy is stuck in centrally-planned quicksand or merely doing their best to boost the government propaganda, here is the chart.

 

And since there will still be confusion, here is data so simple, even a 5 year old will get it: in September, the US economy added 21,000 waiters and bartenders and lost another 9,000 manufacturing workers - an economy which is rapidly transitioning to a Feudal state, where nothing is made, and in which the peasantry is increasingly focused on just serving the lords who have all the money.


Finally, since the start of the depression in December 2007, the US economy has added 1.5 million waiters and bartenders and lost 1.4 million manufacturing workers.

 

And that is what a Feudal "recovery" looks like.

 

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Fri, 10/02/2015 - 12:24 | 6621275 Collapsed_Elast...
Collapsed_Elastic_Pants's picture

Definitely need more waiters. The majority are really bad. Keep going till you get it right.

Fri, 10/02/2015 - 12:33 | 6621317 Wahooo
Wahooo's picture

Not to worry, robots and self-serve kiosks to the rescue.

Fri, 10/02/2015 - 12:37 | 6621332 VladLenin
VladLenin's picture

Welcome to Carls Jr. Would like to try our BIG ASS Fries?

Fri, 10/02/2015 - 12:52 | 6621416 knukles
knukles's picture

JP Morgan's senior economist was on the telly this morning saying that the quality of jobs has been extraordinary.  Well, maybe not that exact word, but sure was polishing the turd.

Fri, 10/02/2015 - 12:55 | 6621434 Collapsed_Elast...
Collapsed_Elastic_Pants's picture

Extraordinary if you've just moved here from Syria.

Fri, 10/02/2015 - 13:39 | 6621669 l8apex
l8apex's picture

I doubt even that is true.  +1 on your original post!

Fri, 10/02/2015 - 12:38 | 6621337 centerline
centerline's picture

it's a win-win.  Waiters and bartenders can get manufacturing jobs making waiters and bartenders.  Pure genious.

Fri, 10/02/2015 - 12:27 | 6621277 JustObserving
JustObserving's picture

Do the poor matter in a fascist, police state?  The Fed is there to serve the 0.1%.

The 0.1% have more wealth than the bottom 90% in the land of the free.

Forward - to more wealth inequality.

The Fed Won: America's 0.1% Are Now Wealthier Than The Bottom 90%

http://www.zerohedge.com/news/2014-11-11/fed-won-americas-01-are-now-wea...

 

Fri, 10/02/2015 - 12:25 | 6621280 wmbz
wmbz's picture

Big uptick in waiters, understandable since more folks have much more free time on their hands and love eating out.

Fri, 10/02/2015 - 12:41 | 6621347 Oldwood
Oldwood's picture

Another sign the economy is working as planned. Entitlements are finally pervasive enough to enable many more of us to live a life of leisure. 

Rejoice! 

Utopia is at last at hand!!!

Fri, 10/02/2015 - 12:27 | 6621282 Chuck Knoblauch
Chuck Knoblauch's picture

Waiters should sprinkle a little potassium cyanide on the food they serve to their masters.

You're eventually going to see it's the only thing to do.

Fri, 10/02/2015 - 12:29 | 6621299 youngman
youngman's picture

They are just Actor wanna bes....

Fri, 10/02/2015 - 12:33 | 6621314 drivenZ
drivenZ's picture

The US has gained 1M manufacturing jobs and 1.7M waiter/bartender jobs post crash 

Fri, 10/02/2015 - 13:19 | 6621544 Handful of Dust
Handful of Dust's picture

Waiting is a tenuous profession. Soon, Amazon, Ebay, Etsy, etc will drone your order to yoru door so you don't have to move you fat butt 5 inches to eat a supersized hormone grown, GMO saturated Kow-Burger.

 

That's why people buy an $450 digital arm-band; so something fancy can tell them if they don't get up every 30 minutes [to eat] they're going to die.

 

In any case, waiting is a precarious job, although I have not seen many waiters/waitresses wearing fit-bits.

Fri, 10/02/2015 - 12:33 | 6621315 TrumpXVI
TrumpXVI's picture

We're gonna' need a whole order of magnitude MOAR waitresses and bartenders if we're gonna' create a tax base that will support task forces of nuclear powered aircraft carriers.

Fri, 10/02/2015 - 12:40 | 6621344 Pure Evil
Pure Evil's picture

Not to mention the tax receipts needed just to build an operational Death Star.

Just think, once the Death Star becomes operational they can easily take out Assad in Syria.

Don't look now but they just blew up the whole planet.

Fri, 10/02/2015 - 12:35 | 6621323 drivenZ
drivenZ's picture

Also, why are education and health jobs dismissed as minimum wage and manufacturing jobs are somehow the holygrail? 

Fri, 10/02/2015 - 12:41 | 6621350 two hoots
two hoots's picture

Exports.  They produce something or did.

Fri, 10/02/2015 - 12:45 | 6621369 Oldwood
Oldwood's picture

Well, maybe it's because America runs massive trade imbalances and stuff we actually manufacture can be exported whereas service jobs....not so much.

Fri, 10/02/2015 - 12:51 | 6621415 drivenZ
drivenZ's picture

just because there are less manufacturing jobs does not necessarily mean there is less manufacturing occuring. 

Fri, 10/02/2015 - 13:42 | 6621688 l8apex
l8apex's picture

Yes, this may be true but the more fundamental point of the rich getting richer and the poor getting poorer only becomes more polarized as production increases while manufacturing jobs stagnate.

 

When manufacturing is all done by robots, who do you think will benefit and who will see their lifestyle collapse?

Fri, 10/02/2015 - 12:35 | 6621324 Collapsed_Elast...
Collapsed_Elastic_Pants's picture

Manufacturing is so last century. Is there a manufacturing channel? No. How many food channels are there? Like 20. Food wins. There's plenty of it, lots of ways to talk about it, and will be the driving force for the 22nd century. Manufacturing......pppffft.

Fri, 10/02/2015 - 12:43 | 6621356 cowdiddly
cowdiddly's picture

heard at FEMA camp.

You gonna eat that pickle?

Fri, 10/02/2015 - 12:46 | 6621376 Collapsed_Elast...
Collapsed_Elastic_Pants's picture

FEMA = Fun Eating Much Apples. See? It's not so bad. :)

Fri, 10/02/2015 - 13:00 | 6621438 cowdiddly
cowdiddly's picture

The new normal jobs sector. govt employees, food service, healthcare and education,

You are beaten black and blue with a baton by the govt guard for stealing a crouton of the bus boys cart, sent to the commandants nurse and made to watch patriotic reeducation films for eight hours.

Production of work shoes has increased 10,000 units

Fri, 10/02/2015 - 13:00 | 6621454 Collapsed_Elast...
Collapsed_Elastic_Pants's picture

My favorite film is "Sammy hates cash and you should too." Inform on all cash tippers.

Fri, 10/02/2015 - 12:47 | 6621393 Oldwood
Oldwood's picture

That show "How It Is Made" will soon be renamed "How It Was Made", or possibly " How Chinese Make It".

Fri, 10/02/2015 - 12:36 | 6621328 roisaber
roisaber's picture

You don't get it, Morty. All the waiters work for each other, and I siphon off the extra power.

Fri, 10/02/2015 - 12:39 | 6621340 Temporalist
Temporalist's picture

Let's just hope there isn't an uptick in community organizers becoming presidents.

Fri, 10/02/2015 - 12:46 | 6621384 ejmoosa
ejmoosa's picture

http://ejmoosa.com/blog3/2015/10/02/quantitative-easing-and-the-impact-o...

Since the beginning of QE 1 there is a new relationship between profit growth and job growth in the US, and in a negative way.

Job growth should have tanked a long time ago. QE has kept it afloat and that impact is now waning.

The Fed has only one thing left to hope for....

 

Fri, 10/02/2015 - 12:51 | 6621399 thunderchief
thunderchief's picture

I don't think they are even creating more waitress's and bartenders.

That is what the BLS wants you to believe, as if everyone is going out on the town and eating and drinking to their  hearts content in these horrible economic conditions.

Bartender's and waitress's is BLS code for Pimps and whores.

Fri, 10/02/2015 - 12:59 | 6621450 mendigo
mendigo's picture

One plus to the big reset is they can purge the bogus data and start fresh. Its becoming difficult to keep a tarp over the shit show.

Fri, 10/02/2015 - 13:02 | 6621464 Not if_ But When
Not if_ But When's picture

Each and every indicator across the board is showing how totally f*cked up our economy is from top to bottom.  Including downward revisions revealing that it has been f*cked up longer than previously thought.

And all this DOES NOT even reflect all the recently announced and/or forthcoming layoffs.  We have (again) entered a job reduction layoff cycle.

The stock market, as we all know, results in a far greater benefit to the wealthy investor class and the maggots who feed off it. 

This whole situation occurring today on 10/2/15 just shows, beyond any doubt whatsoever, that the typical American has been untterly abandoned with the TPTB placing 100% focus on the fortunes of the .01-1%.  WE HAVE BEEN FORSAKEN.  It is unquestionable.

So what does an American with a sense of patriotism to American ideals do?  What do you do?

Answer = Either tune out entirely or turn to drugs and substance abuse because if you attempt real action of any sort you are in trouble with the "authorities".  This nation is flat out FUCKED.

What would the founding fathers think?  So many of whom spoke out and warned us against financiers from the very get goFollowed by so many who spoke out and warned us about a central bank. 

 

Not dissimilar to Eisenhower's ignored warning about the Military Industrial Complex.

Fri, 10/02/2015 - 13:07 | 6621483 Collapsed_Elast...
Collapsed_Elastic_Pants's picture

"So what does an American with a sense of patriotism to American ideals do?  What do you do?"

Starve the beast that's what. Now, excuse me I have to go to my really great job, of which not one dollar of pay will go to a mortgage, car payment or credit card.

Fri, 10/02/2015 - 13:05 | 6621478 UselessEater
UselessEater's picture

Its a developed nation disease, see this chart for Aust.

http://www.rba.gov.au/publications/bulletin/2010/sep/images/graph-0910-1...

 

Fri, 10/02/2015 - 15:52 | 6622320 paulbain
paulbain's picture

 

 

Thank you for showing us the Australian perspective.  Yeah, it is probably a phenomenon of all developed economies.

 

 

Fri, 10/02/2015 - 13:36 | 6621655 dot_bust
dot_bust's picture

More waiters? Well, don't restaurants have to do well in order for the waiters to do well?

NRA: More operators report sales decline in August
Restaurant Performance Index falls to lowest level in 11 months
http://nrn.com/rpi/nra-more-operators-report-sales-decline-august

Sysco, on Its Own, Lays Out New Profit Plan
Meanwhile, sluggish U.S. restaurant sales overall have pinched Sysco’s revenues.
http://www.wsj.com/articles/sysco-outlines-plan-to-improve-annual-operat...

I guess there's still that matter of consumers actually needing money in order to dine out. Oops...

Fri, 10/02/2015 - 14:34 | 6621943 Jack Burton
Jack Burton's picture

It's the same in Europe. I remeber a few years ago in the UK a large company was desperate for workers. They needed several thousands of workers to meet growing demand. In fact, the job was making sandwiches for a vending machine company. Pay was dismal, no benefits. But it was work.

All across Europe, every second store front is some type of food service place. Pretty amazing just how many food specialties there are. Youth and Migrants entering Europe almost always gravitate to waiting tables, cooking, dish washing or working in factory food places, like the sandwhich factory.

Take Out food in Britain is the main way in which people get their meals. The food is total shit, all sugar, fat, and fillers.

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