Truth about March 2011 jobs: mostly women, low paying, part time, and temporary, the economic profile of a third world country without industry

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March 2011 jobs number was almost entirely women, 93,000 were only part time jobs.

4/2/11, "Men vs. Women: Digging into the BLS Jobs Data," Global Economic Analysis, Mike Shedlock

The number of men employed age 20+ only increased by 4000.

• The number of employed women increased by 247,000.

"Thus, improvement in Friday's jobs numbers came entirely from women, at least according to the household survey....

• Household Data Numbers in Thousands

Household Data - Men, 20 years and over
Category	Feb 2011	March 2011	Difference
Labor Force	78,795	78,764	-31
Employed	71,954	71,959	+4
Unemployed	6,841	6,805	-36
Unemployment rate	8.7	8.6	-0.1

The unemployment rate among men 20 years and older dropped only because the male labor force dropped by 31,000. Those employed barely rose by 4,000. Contrast with stats for women 20 years and older below.

Household Data - Women, 20 years and over
Category	Feb 2011	March 2011	Difference
Labor Force	68,802	68,898	+96
Employed	63,319	63,566	+247
Unemployed	5,483	5,332	-151
Unemployment rate	8.5	8.3	-0.2

The labor pool for women rose by 96,000. The number of employed women rose by 247,000 vs. 4,000 for men....

• 93,000 jobs were part-time jobs (table at link)."

Source data: "Please note the headline number +216,000 is from establishment survey (payroll data), while the unemployment rate and demographic breakdowns are from the household survey (phone survey)."

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Jobs are not coming back for the middle class.

4/1/11, "More Jobs Doesn’t Necessarily Mean More Good Jobs," WSJ.com, Sara Murray

"Of the 230,000 private-sector jobs created in March,

• 199,000 of those were in the service sector." ...

37,000 of the new workers were in the leisure and hospitality industry.

"Academics have pointed out that, as jobs are coming back, they’re returning at the highest and the lowest levels. But the middle-class is being squeezed."...

"Temporary hiring and leisure jobs – both low-paying sectors — made up such a

• large share of the jobs added...

As Americans return to the labor force, more could end up in positions like the 17,700 added in retail trade in March. Such jobs not only tend to come with lower pay, but they are also less likely to offer health benefits or retirement plans that provide an added layer of economic stability."

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4/1/11, "Hidden Bad Signs in a Good Jobs Report," WSJ.com, Phil Izzo

"Finally, there are still some lagging sectors. Amid the broader jobs increases, construction continued to shed jobs, a reminder that the housing market continues to struggle. Meanwhile, local governments facing budget crunches are shedding jobs, 15,000 last month, and more cuts are on the table across the country."

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Reference: 4/7/11, "As retailers add jobs, few seem career-worthy," AP




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