| | | Comrade..."Canada lost over 10,000 jobs last month while the US gained 321,000. The US economy is doing the best in the world right now."....
Where The Jobs Were: Secretaries, Waiters, Retail, Education, Leisure And Temp-Help
Submitted by Tyler Durden
on 12/05/2014
Curious just what the "quality" of jobs that comprised the best jobs report in nearly 3 years? Here is the answer: Retail Trade, Education and Health, and Leisure and Hospitality, as well as Administrative Assistants, cumulatively made up more than half of the jobs gains in the month. All minimum-wage or just above paying jobs. Which is why anyone who believes that wages rose at the rate the BLS would like you to believe, may want to wait until the inevitable downward revision.
The breakdown of the top job categories:
•Professional Services excluding temp help: +63K, of which administative assistants +12K, bookkeepers +16.4K
•Retail Trade: +50K
•Leisure and Hospitality: +38K, of which waiters and bartenders +26.5K
•Manufacturing: +28K
•Temp Help: +22.7K
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