Since January The US Has Added 294,000 Waiters & Bartenders, And Zero Manufacturing Workers

Tyler Durden's picture




 

Here is one of the reasons why the Fed is confident the US economy is strong and resilient enough to sustain a rate hike: since January, the US has added 293,900 waiter & bartender positions and zero manufacturing workers.

Unless one is an economist, no further commentary is needed.

If one is an economist, we eagerly look forward to an extended discussion why one should focus only on the blue line and ignore the red one, debate the adverse impacts of the weather (both hot and cold) on manufacturing, listen to how the collapse of high-paying jobs is actually a good thing for low-paid food servers, and how this is merely a confirmation of the bullish split of the US economy into a growing services and a "slightly softer" manufacturing sector.

 

Here is the monthly change just in manufacturing jobs: three has been a decline in 3 of the past 4 months.

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 12/04/2015 - 12:19 | 6875837 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Awesome, Merican's love to eat and get drunk on credit. bullshitish.

Fri, 12/04/2015 - 12:24 | 6875861 Ignatius
Ignatius's picture

Cool, I didn't know that EBT worked in bars, 'cause the spending ain't coming from workers gettin' off the day shift.

Fri, 12/04/2015 - 12:30 | 6875921 nosam
nosam's picture

These are all probably part time jobs anyway...to replace workers whose hours have been cut... because obamacare.

Fri, 12/04/2015 - 12:39 | 6875973 SafelyGraze
SafelyGraze's picture

similar trends can be seen by comparing  "vapor bar" to "exotic dancer"

https://www.google.com/trends/explore#q=vapor%20bar%2C%20exotic%20dancer&date=1%2F2009%2083m

hugs,
the exotic dancers and manufacturers association 

Fri, 12/04/2015 - 12:48 | 6876035 coinhead
coinhead's picture

Virtual people don't need to manufacture shit!  We will sit on our asses and make muhnies!

Fri, 12/04/2015 - 14:17 | 6876505 MalteseFalcon
MalteseFalcon's picture
"Since January The US Has Added 294,000 Waiters & Bartenders"

BFD.

Since January Greece Has Added 294,000 Hookers!

Fri, 12/04/2015 - 14:22 | 6876518 Theosebes Goodfellow
Theosebes Goodfellow's picture

Oh, America has added hookers to their economy as well. Don't doubt it for one second.

Fri, 12/04/2015 - 14:20 | 6876514 Theosebes Goodfellow
Theosebes Goodfellow's picture

~"Since January The US Has Added 294,000 Waiters & Bartenders, And Zero Manufacturing Workers"~

Nothing like this is more likely to guarantee a Trump win next November. I'm not saying because I'm a Trump fan. (I think the man is a Mussolini.) I say it because he is the only one saying that it is ALL about 'merican MANUFACTURING, and the folks back home know it.

Fri, 12/04/2015 - 16:58 | 6877356 August
August's picture

All levels of government added 473,000 jobs

(while the private sector lost 309,000 jobs).

All government, all the time... winning!

Fri, 12/04/2015 - 12:51 | 6876046 tmosley
tmosley's picture

I suspect quite a bit of the restaurant and bar business is being buoyed by the student loan bubble. The kids are spending their loan money partying.

Fri, 12/04/2015 - 12:49 | 6876038 KnuckleDragger-X
KnuckleDragger-X's picture

EBT is accepted at strip clubs and casinos everywhere......

Fri, 12/04/2015 - 13:04 | 6876110 corporatewhore
corporatewhore's picture

and, in most states, you can get cash back for your shots and 'rillos.

Fri, 12/04/2015 - 12:27 | 6875900 Vlad the Inhaler
Vlad the Inhaler's picture

The spending is coming from Wall Street and Corporate beneficiaries of Fed money printing.

Fri, 12/04/2015 - 13:31 | 6876271 Noplebian
Noplebian's picture

Service sector non-jobs is where it's at......

http://beforeitsnews.com/conspiracy-theories/2015/12/road-to-ww3-time-to...

 

Fri, 12/04/2015 - 12:20 | 6875838 Supernova Born
Supernova Born's picture

Discouraged former workers love to pay extra for their booze at a bar.

The internet and a bottle of bourbon is so '00's.

Fri, 12/04/2015 - 12:21 | 6875848 corporatewhore
corporatewhore's picture

It's a recovery. Deal with it. /sarc

Fri, 12/04/2015 - 12:21 | 6875852 mandalou
mandalou's picture

joobux for all you fucking peasants. Now go and make my high ball and grab my chili cheese fries goy.

Fri, 12/04/2015 - 12:27 | 6875856 vq1
vq1's picture

"The thing that's really reassuring was construction was the number one sector of jobs growth," said JJ Kinahan, chief strategist at TD Ameritrade.

huh?


EDIT:

From bureau of labor 

"Employment in construction rose by 46,000 in November, with much of the increase occurring in residential specialty trade contractors (+26,000). Over the past year, construction employment has grown by 259,000."
where can i find the net growth rate?
Fri, 12/04/2015 - 12:23 | 6875864 dumb_funded
dumb_funded's picture

who cares as long as the slaves are working

Fri, 12/04/2015 - 12:54 | 6876059 Ward no. 6
Ward no. 6's picture

pretty much the reality at most work places

 

Fri, 12/04/2015 - 12:24 | 6875869 Rainman
Rainman's picture

ooops....Exports fall to a 3-year low

            http://www.reuters.com/article/us-usa-economy-trade-idUSKBN0TN1GM20151204

Fri, 12/04/2015 - 12:31 | 6875878 LawsofPhysics
LawsofPhysics's picture

I can see the real value in a good waiter/waitress.  Care to show us how many usless fucking paper-pushers we still have in banking and finance?  What about their political fucking puppets?

If you want to cut some fucking fat, I have a few suggestions on where to start.

Fri, 12/04/2015 - 12:26 | 6875891 Bear
Bear's picture

Sell now ES at 2077 ... The top is in!!!

Fri, 12/04/2015 - 12:27 | 6875894 John Law Lives
John Law Lives's picture

Silly Tylers.  You have it all wrong.  Bartenders "manufacture" cocktails and waiters "manufacture" smiles on the faces of their happy customers.  Stawks to da moon!

FedFUBAR.

Fri, 12/04/2015 - 12:27 | 6875895 Baby Eating Dingo22
Baby Eating Dingo22's picture

We can all drink our sorrows away

Just don't expect a tip

11,000 of these servile positions is worth 269 points on the DOW

Who'da thunk????

Fri, 12/04/2015 - 12:35 | 6875920 John Law Lives
John Law Lives's picture

I thought the inside scoop was that "no rate hike" was bullish for stawks, yet now "likely rate hike" is bullish.  What an efficient "market" we have.

FUBAR.

Fri, 12/04/2015 - 13:02 | 6876101 Cruel Aid
Cruel Aid's picture

Oh we are fubar or will be soon, stocks are just the shiney distraction.

 

Fri, 12/04/2015 - 12:28 | 6875898 aliki
aliki's picture

CNN not buying the "common sense/fact/truth propaganda"

according to them, the obamaconomy is only getting awesomer by the minute.  as the great coach bill parcells once said, "you can't teach dumb"

Good news: U.S. economy adds another 211,000 jobs - CNNMoney
http://money.cnn.com/2015/12/04/news/economy/november-211000-jobs-added-...

Fri, 12/04/2015 - 12:28 | 6875901 Dre4dwolf
Dre4dwolf's picture

They are going to do rate hike.

Might as well say they are pulling life support plug of economy and going to let it flat line.

Economy will do OK/Good for first 2 - 3 months of rate hike and the collapse.

I still think by then they will find some excuse not to hike though.

Fri, 12/04/2015 - 12:37 | 6875959 LawsofPhysics
LawsofPhysics's picture

With all the political puppets in the western governments completely bought-and-paid-for there will be many backdoor governmental programs that will essentially amount to more QE for all the insiders.

We are heading into the truly inflationary phase of this currency collapse.  Still a long ways to go yet...

Fri, 12/04/2015 - 12:36 | 6875944 yogibear
yogibear's picture

Have been seeing large groups of 20 something H1B Indians at the stores. 

Companies have been flooding the US with H1B/L1 visa holders.

Replacing Americans with ever cheaper labor.

Fri, 12/04/2015 - 12:38 | 6875970 Unix
Unix's picture

That and my age, is why I cannot find a decent job since 2012...I have had to reinvent myslef over and over, even in diffrent industries just to make ends meet. My retirement is long spent, and savings are dwindling fast. I had to create my own business from scratch to feed my family, now with Obombercare, I will be sending half my monthly income to care for my family...THIS is BULLSHIT!

Fri, 12/04/2015 - 13:18 | 6876188 rightwingterrorist
rightwingterrorist's picture

Pretty damn close to my story.

Currently taking classes trying to re-invent myself again.

Retirement and savings?  Health Insurance?

Hah!

I got laid off for the first time 8 days after the last election.  Making ca. 150k working in the GOM.  Took over a year to find another "real" job at U.S. Steel.  Got laid off in March.  Too old and not pretty enough to be a waiter, I live in a rural area so there's no bars to bartend.  Hell, I'd open a bar, but the regulations...

I'm thinking that the best I'm going to find is an assistant manager job at McDonalds.

Fri, 12/04/2015 - 15:18 | 6876798 Unix
Unix's picture

I feel for you rightwing, I can feel it right in my bones! I am also on every list there is by these fascists ruling this country with an iron fist, FUCK THEM!

Sun, 12/06/2015 - 02:55 | 6882405 Digmen1
Digmen1's picture

Yes, we've got them here in New Zealand as well.

They are "students" looking to get permanent residency and citezenship by the back door.

I call them locusts.

They work for peanuts and bring down our local standards.

 

Fri, 12/04/2015 - 12:35 | 6875945 Unix
Unix's picture

If a hamburger flipper, or a tray pusher can earn $15/hour I want $1,500/hour...

It is a matter of ones productivity and worth, and it would take a thousand of them to make one of me...they could not even carry my shadow, PATHETIC!

Yeah yeah, believe the govt lies all you want, the stawk casino is on fire, go buy your life savings in stawks, see where that gets you in the end.

True enough, there have been big gains, but it is based on lies and obfuscation, just like blackliesmatter, no difference there!

Fri, 12/04/2015 - 12:41 | 6875990 ajkreider
ajkreider's picture

And, 2 million other jobss

Fri, 12/04/2015 - 12:45 | 6876014 golden raccoon
golden raccoon's picture

A comment by Denninger alerted me to a comforting element in this morning's labor press release ... according to the Household Data, over the past year government employment has grown by 1,106,000 "jobs" (a 5.5% growth rate) while paid non-government employment (six times larger than government employment) has grown by 962,000 jobs (a 0.8% growth rate). 

According to the Household Data, in the past month government employment has grown by 473,000 "jobs" non-seasonally adjusted (a 27.5% annualized growth rate) and 529,000 jobs SA (a 30.9% annualized growth rate), while paid non-government employment shrunk by 429,000 non-SA jobs (a -4.0% growth rate) and shrunk by 185,000 SA jobs (a -1.7% annualized growth rate).

The Establishment Data has private employment up by 2,566,000 over the past year (up 227,000 non-SA and up 197,000 SA last month) and government employment up only 84,000 in the past year (up 117,000 non-SA and up 14,000 SA last month). 

The government has our back.

Fri, 12/04/2015 - 12:45 | 6876018 Demdere
Demdere's picture

 

This and Fed raising the rate was all signaled by the jobs analysis a few weeks ago.

https://thinkpatriot.wordpress.com/2015/11/22/the-parable-of-the-press-r...

https://thinkpatriot.wordpress.com/2015/11/14/in-reality-everything-is-c...

9/11 was a False Flag Operation by the US government under control of Israeli-Neocons

Fri, 12/04/2015 - 12:51 | 6876042 bob_stl
bob_stl's picture

.

Fri, 12/04/2015 - 12:51 | 6876043 bob_stl
bob_stl's picture

.

Sat, 12/05/2015 - 10:03 | 6879661 kappal_toba_dhu...
kappal_toba_dhurr_ne_thook's picture
That's right deekree (dear), tell  us all exactly what you think!  Good going!
Fri, 12/04/2015 - 12:52 | 6876048 cwsuisse
cwsuisse's picture

Presumably the statistic is forged. The ever increasing number of restaurant personnel is not credible.

Fri, 12/04/2015 - 12:54 | 6876065 Grandad Grumps
Grandad Grumps's picture

Not seeing a lot of new eating and drinking establishments opening up. Must be in DC and around Wall Street.

Fri, 12/04/2015 - 13:05 | 6876117 dogismycopilot
dogismycopilot's picture

Poured out like water on the ground.

Fri, 12/04/2015 - 13:05 | 6876119 moonmac
moonmac's picture

Idiots have no clue how many vendors our factory uses. When manufacturing dies so does our nation. Obama's endless regulations already has one foot in the grave.

Fri, 12/04/2015 - 13:20 | 6876184 SpanishGoop
SpanishGoop's picture

Strange.

When i was in an LA restaurant last month i had to call for a waiter three times before one of them to noticed me.

I would have expected calling once and three turned up.

 

Fri, 12/04/2015 - 13:57 | 6876391 L Bean
L Bean's picture

They're getting high in the back to kill the boredom of Service.

Fri, 12/04/2015 - 13:18 | 6876185 Sparehead
Sparehead's picture

Well, this is the "consumer economy".

Fri, 12/04/2015 - 13:18 | 6876186 eeaton
eeaton's picture

In the past Waitresses and Bartenders were hired as indenpendet contractors who recevied a 1099 tax form at year end. The States DOL has been cracking down on this and deeming these perople as employees and thus added as new hires eventhough no new jobs have been created. The same in the construction industry, film productions, and computer consultants. At least that is what is occuring here in NY.

Do NOT follow this link or you will be banned from the site!