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Who Hired In October: The Full Breakdown By Industry
We know that 271K jobs were added in October; we also know that workers 55 and over got a whopping 378,000 of the jobs (this was the biggest montly gain for this age group since January 2012, a month when total job gains were 380K, the third highest since the crisis), while males aged 25-54 lost 119,000 jobs. But who was hiring in October?
Below is the breakdown of select industries which, according to the BLS, were most active in October hiring. The breakdown:
- Education and Health: +57K
- Professional Services: +54K
- Retail Trade: +44K
- Leisure and Hospitality: +41K
- Temp Help: +25K
And Manufacturing workers: +0
In short, one more month where the bulk of job additions went to the lowest paying jobs, including teachers, waiters, entry level professionals, retail trade, and temp workers, while the US industrial economy continues to stagnate.
Visually:
And here is the breakdown of waiters vs manufacturing workers since December 2007: the former up 1.5 million; the latter down 1.4 million.
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I see Durden got his formers and latters mixed up, but I get the drift.
That's how you tell if it was Tyler or someone else; also, LONG run-on sentences.
"Leisure and Hospitality: +41K"
Equals prostitution? Prostitution is on the books now?
" ... the bulk of job additions went to the lowest paying jobs, including teachers ... "
Warning: The author of this article is either an idiot or has some secret agenda.
Missing "Energy" Energy sector layoffs likely topped all of entries on the table. Inconvenient Truth?
I really miss your avatar when you don't post much.
Happy Aloha Friday my friend... :)
these are based on surveys folks. They painted a picture to give the Fed cover to increase rates.
One fly in the ointment will be black friday sales. Since th eonly growup increasing jobs is the seniors, it means they are keeping their jobs or this is one big false report (which is a good likelihood)
In any event, rememebr when CNBC woudl report companies reportign quality profits? Well they do not do that anymore.
Amd this is not a quality report. But themedia does its part in sucking it up
Anyone know what how 'seasonal' adjustments affected the figures?
I would imagine prisons will be hiring extra guards soon with the working age male demographic bleeding jobs.
Rehab. I know a judge who sentences nonviolent drug offenders to rehab and probation with strict guidelines if their crimes are nonviolent. He says there is not enough room in Texas prisons if he sends the nonviolent ones there.
Yea. No jobs. They'll be out f*kking sheep. And guarding the ones caught.
I wonder at the loss in information. I could hire 10 Software Development Engineers today if I could find them. There are thousands of open reqs across the company. I wonder if we that number would budge if there were enough Americans/Westerners to fill the high-tech roles.
Increase your salaries 50% and those positions will fill in little time.
Yeah the value and therefore price of good software engineers just keeps going up. Juniors fresh from college with decent GPAs make just under 100k and if you are not paying 3-5 year 'seniors' 120k+, they are gone. Good senior/architect starts at 150k.
Depends on where in the country you live.
Agreed I got several open tech positions I can't fill even with H1-B's. Its one area doing well cause its end game is to remove workers from the process.
Bullshit. Post where you are listing your job openings.
<< I could hire 10 Software Development Engineers today if I could find them.>>
Let me introduce you to Sameer and Ritvik from Bombay.
Bullshit. Post where you are listing your job openings.
The thousands of open reqs are a justification for companies to complain they can't find anyone and then hire an H1B for half the price. I'm sure the 200 from Cal Ed and the 150 from Disney who were just made redundant with H1Bs at half the price will come work for you.
Such crap.
Just lasso a couple H1B1's from Tata Consultancy Agency, you are all set. You may need an interpreter though.
Rats nest of code filled with bugs.
So if you are a 35 year old male, good news! in 20 years you will be in the age demographic that's actually hiring workers.
kw2012, Good one!
OT, but taxes also work in this inversely proportional manner. I recently got a property tax bill for my mountain land that had an increase of 1,337% (not a typo). I told the clerk that I know the people up there, and that if they were doing that to everyone, all she would be able to see through her window would be pitchforks & torches. She replied that they raised mine to full market value, and that they were doing the others' at a rate of 10% per year.
To that I replied, "so, in 133 yrs, my neighbors can pay the same rate I do"?
It was a "Sprint" moment. (could have heard a pin drop)
They dropped my taxes back down.
who believes this nonsense anymore.
do you really believe the job reports?
these numbers are just faked and pulled off desks to please the bosses. the lies will continue as they do in all corrupt systems.
the lies won't stop, what will stop is people paying attention to the news as they are all destituted. and eventually, something will give.
the media's job is to parrot the lies of the establishment. all media do this. all media are thoroughly corrupt.
Hand this article over to the Brown Brothers Harriman reference in the last post - about 'silver linings' & 'clouds'...
Tylers,
California is delaying the start of the crabbing season. Is El Nino or Fukishima the reason???
Not sure if this is the reason. I saw it on the Tee Vee the other day.
http://www.sfchronicle.com/bayarea/article/Crab-season-pinched-by-toxic-...
As someone eluded to in the previous post regarding what the Fed may do come December:
They read this stuff. They know. And the only reason they'd raise rates by a crumb would be for sheer credibility's sake, nothing else.
Read AND write this stuff.
I can't remember which book it was, something early 90's presumably but I recall a PJ O'Rourke quote:
'in 20 years we'll have an economy based on people delivering pizzas to one another.'
Arguing over the implications of the official jobs report is like arguing over the implications of events in Marvel Universe.
Ray, I really like pizza so it's not all bad.
Would be better if topless women delivered the pizza.
You may be on to something here....but might have to settle for pastys.
"Would be better if topless women delivered the pizza."
Be "very" careful what you wish for. You might end up with a 300 pound 65 year old show up at your door with Pizza.
So let me see if I can understand your point: The Flash is going to be handling the food delivery. But, we will all acquire superpowers in order to accomplish stupendous feats of pizza.
Great!
Wallstreet reaction to these jobs reports is starting to get really annoying.. Unless they're absolutely terrible.. Wallstreet conveniently ignores whatever they don't want to acknowledge.. And down go gold and commodities...
Wallstreet reaction to these jobs reports is starting to get really annoying.. Unless they're absolutely terrible.. Wallstreet conveniently ignores whatever they don't want to acknowledge.. And down go gold and commodities...
How propserous can a society be when the trend is increasing lower paid jobs and shedding higher paid jobs? Financialization and outsourcing can only take you so far at some point the cracks become gaping holes and the ship takes on water very fast. I think we're going to see this start to accelerate in the next 3-5 years.
Where is energy
http://www.bizjournals.com/houston/morning_call/2015/10/noble-energy-to-...
Schlumberger expects more job cuts this yearhttp://www.bizjournals.com/houston/news/2015/10/16/schlumberger-expects-...
They laid off the guy reporting on it.
Chevron is laying off another 7,000.
And how many of these jobs are manufactured from the birth/death model?
165.000! So how can they claim they know the age???????
Long Fluffing and other Hospitality Services.
Maybe the Mfg sector would improve if they came up with a realistic Sexbot (iSuck Lucy, iSin Eve).
I can just see it...
"Luuuucy, get down here, you gotta a lot of ...ing to do!"
"Adam, you want some Forbidden (Pink) Fruit?"
Complimentary turndown service.
Would the Health and Education numbers be pumped by Obamacare 'navigators'?
Hey Tylers,,, Let's see a Waiters / Bartenders vs Manufacturing chart from 1980.
Edit: I mean real manufacturing,,, not the latest government definition.
Well I wonder how many manufacturers are "hiring" robots to do the work instead of people and are sitting on cash waiting for Obama to go away.
"Well I wonder how many manufacturers are "hiring" robots to do the work instead of people and are sitting on cash waiting for Obama to go away."
I see lots of companies moving to automation, but not just in manufacturing. Lots of white collar, information jobs are getting automated.
The Majority of businesses are sitting debt, using cheap debt to fund stock buy backs.
Great. Theoretically, we should all be very educated and very healthy.
Yes or No?
Great, now Bill Maher is going go on TV and say how wonderful the economy is!
We Bar - Tenderized some folks.......
you can pay waiters smaller wage, because of tipping
Don't Worry, Manufacturing will come back strong when they can hire illegals for the sweatshops here.