Yesterday, when we presented what we thought at the time was "The Strangest Number In Today's Jobs Report" namely the near record surge in workers aged 16-24, which amounted to 528K, or the vast majority of job additions in the month of October...
... we may have been a bit premature.
As it turns out breaking down the job surge from September to October by gender provides an even more peculiar result then an age distribution. Because as the chart below shows, of the 416K jobs added in the 20 and over category, a meager 10% of these went to men: some 90%, or 370,000, went to women! Men aged 20 and over were the recipients of a paltry 48,000 jobs, or 10% of the total increase.
So how does one explain America's sudden surge in hiring women, and not just any women, but mostly young ones (because we know from yesterday that the bulk of hiring was in the young, 16-24 age group).
Well, as we also showed yesterday, the ongoing record hiring of bartenders and waiters may have something to do with it.
Or rather, now that we know the gender of the job additions, waitresses.