Where The December Jobs Were: Minimum Wage Deluge Continues

Tyler Durden's picture

Earlier we gave a big picture explanation how the US can add 292,000 while average hourly wages actually decline. Below is a more nuanced answer, looking at the breakdown of jobs by industry in December.  It will probably come as no surprise to anyone that for another consecutive month, the well-paying jobs: mining and logging, wholesale trade, manufacturing, and information barely posted a net increase.

Alternatively, the worst quality jobs continued to soar, pushed higher once again by none other than education and health, where Obamacare was once again instrumental to propel healthcare jobs by a 52,600 surge in December.

The rest was just ugly: temp help soared by 34,400, while waiter and bartenders added another 36,900. The one surprising, and positive outlier: construction jobs - traditionally a well-paid category - soared by 45,000, something very unexpected for the otherwise freezing month of December. This, however, is easily explained by two words: warm weather. As Goldman admits, "Construction employment rose by a firm 45k, a gain we suspect was helped by warm weather. " This means that in January once the weather effect wears off, all these jobs will be lost and then some.

Finally, employment of "couriers and messengers" gained 15k, likely reflecting seasonal adjustment challenges related to secular growth in online holiday shopping. The flip side: thousands of malls are going empty, and soon to crush the CMBS market.

The full breakdown is below.

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ebworthen's picture

The Ponziconomy marches forward!

"We're all going to die!" climate change headlines to compete with "We're all going to live forever!" rainbows and Leprechauns headlines.

Mass hysteria, mob delusion, and rampant corruption as the New Rome lurches toward self-destruction.

Looney's picture

This, however, is easily explained by two words: warm weather.

If weather has become such an important factor, requiring double and triple adjustments, why doesn’t the omnipotent Fed try manipulating weather directly?

They could start with prohibiting El Niño in the Pacific or voting unanimously for the temperature decrease in the Arctic.  ;-)

Looney

PR Guy's picture

 

 

I can ufortunately see a time in the not too distant future when we will all be begging for one of those min wage jobs

The Saint's picture

For every ditch digger a ditch filler needs to be hired.  These are indeed shovel ready jobs.  Somebody tell Ovomit.

cordial savage's picture

The Fed has the Illuminati to take care of the weather manipulation.

NoDebt's picture

Shocking that Education and Health... two industries almost entirely supported and run by the government... would be top of the list.

KnuckleDragger-X's picture

It's just magical that way.......

codecode's picture

EPA is doing it's part to keep mining at the bottom..

tarsubil's picture

Debt serfs without a Robin Hood.

cordial savage's picture

But...but...but...Trump is going to fix everything, right?  Right?!?!

Mugabe's picture

Yo yo yo ,Obama said it first ,fo shizzle my dizzle.Have your shovels ready,but they are for our graves not jobs.Oh wait,gravediggers,that is a job,sorry.Carry on.

BlueStreet's picture

Yet CNBC runs headline asking if more jobs mean voters will be less likely to vote for chance. Yeah, voters love working 2-3 jobs just to put food on the table. 

cordial savage's picture

I work a second job by choice, not necessity.  That would be a rough predicament knowing you have to keep both just to live.

corporatewhore's picture

Count me in also working two jobs

Mugabe's picture

Well it will stop terrorism and blm terrorism because,well,you know ,they just need jobs.

youngman's picture

Is drone employment in that figure ...that and Hoverboards should be way up

FreeShitter's picture

So we added a lot of diaper changers for aging boomers, and temp help.....foward my niggas!

eyesofpelosi's picture

We underemployed some folks...

rejected's picture

and that's today's "skilled" americans.

Janet Shalom Bernanke's picture

We need a petition to prosecute the Fed for 'crimes against humanity', and financial fraud.

Bernanke and Greenspan to be locked-up for their crimes too.    The millions of dollars these crooks have earned since they left the Fed should be taken as fines and punishment, to offset their expenses in prison.

These criminals run free, and earn speaking fees and 'consulting' fees as the public they were supposed to serve, suffers from their corrupt policies.     

 

Calls for their heads will grow louder when this tower of babble finally crumbles, and the riots start.  

All of their crimes that we know of (and will find out about) must be accounted for.

 

 

 

rejected's picture

Yea sure, we'll like all sign it and give it to that pos attorney   gen e ral   lynch and I'm sure she'll prosecute.....

somewhere,,, over the rainbow... way up high and the dreams that you dreamed of once in a lullaby.... !!!! ????

I AM SULLY's picture

There's no doubt that Obama has fulfilled his promise of achieving full employment, prosperity, robust growth, and hope ...

(hope man)

(hope someone kills me - because this "utopia" Obama is building sucks)

Kreditanstalt's picture

There's another name for this? FALLING LIVING STANDARDS.

unplugged's picture

just raise minimum wage, by law, to $75 per hour

problem solved

next...

yellensNIRPles's picture

I've said that to people before to try and make a point and they've just stared at me for a moment like a deer in the headlights before promptly agreeing, and then asking why that has not happened yet.

Fucking amazing how stupid people are.

buzzsaw99's picture

this too, is bullish.

Pliskin's picture

Welcome to your first day of training for your new job.

Now, repeat after me, "Shine ya shoes for ya mister."

 

eyesofpelosi's picture

But...I don't know nuthin' about birthin' no babies Ms. Scarlet...

Mugabe's picture

Wait,I thought blacks knew everything and we stole all knowledge from them.

E.F. Mutton's picture

Hamburger Helper Jobs.  Because that's all you can afford.

ebworthen's picture

Marketwatch headline story:  "Jobs report helps build case for March rate hike".

ROFLMAO!  Sure!  Go ahead!  Let's go for 6%!  Green shoots!  Mustard seeds!

You can't make this shit up; the hive mind is completely delusional.

Our societal mindset is that of a heroin addicted bi-polar Peter Pan!

Grimaldus's picture

Never doubt the criminality of the progressive mind. On display for all to see.

 

 

 

 

 

Grimaldus

 

 

Consuelo's picture

 

 

"The one surprising, and positive outlier: construction jobs - traditionally a well-paid category - soared by 45,000, something very unexpected for the otherwise freezing month of December. This, however, is easily explained by two words: warm weather. As Goldman admits,"Construction employment rose by a firm 45k, a gain we suspect was helped by warm weather. " This means that in January once the weather effect wears off, all these jobs will be lost and then some."

 

'Whether' it was warm weather or cold weather, the $contracts for those construction jobs were already signed - meaning, work was 'in the can' regardless.    The question isn't the weather, in this case.   It is: What is the underlying dynamic in play that is fueling these construction jobs in the first place, and is it sustainable?

rejected's picture

Yep,,, build all those houses poor bastard millennials and X'ers can buy at no money down and no payments for ten years.

Kaiser Sousa's picture

Jobs....

hilarious.

Pabloallen's picture

lol    like they fucking care if you eat. Its a free for all now.  THANK GOD !!!!!   Only the strong survive !!!!  

 

kenny500c's picture

I can bet there will be no stories about warm being good.

moonmac's picture

Part time work, temporary assignments and dead end jobs. Welcome to McJob Nation!

Raging Debate's picture

I got this awsome idea. Lets ship all our jobs overseas. Then create the biggest debt bubble in history to mask it. Meanwhile, loot the treasury blind and invite a few million more Mexicans to act like locusts. As a plus, stick a fat finger up the Russians bears ass while Hillary cackles and runs for President. Did I miss anything?

JamaicaJim's picture

Yes.  Add spend a trillion dollars of so, and waste thousands of lives over oil in the ME, while fomenting and creating an enemy making the US less safe than the days before the hijinks of Nine Eleven

The Saint's picture

And, bring in tens of thousands of Muslims with a few terrorists scattered in to keep the American people scared, destroy the existing society and keep them dependent upon government for protection.

TheABaum's picture

You pretty much nailed it except for getting the "immigrants" from the Middle East that plan and execute organized mass rape. 

Able Ape's picture

If we haven't ALREADY done everything wrong, we STILL are trying our best....

cheech_wizard's picture

Have you done any of the following today?

1) Clubbed a bankster?

2) Clubbed a politician?

3) Clubbed a FedGov worker?

4) Clubbed a baby seal?

Standard Disclaimer: I promise to only chastise your actions if you answered "D"...

TheABaum's picture

Anybody remember the "Montreal screw job"?

 

This is the Washington screw job.