6/7/13, "Where The (Low-Paying) Jobs Were Are," Zero Hedge
"The time has come to look at the quality component of the 175K jobs added in May, so without further ado, let's drill down at where the growth was. Without much surprise, we find that as in months past, the bulk of the job growth continues to be concentrated in the lowest wage jobs:
- Leisure and Hospitality added the most jobs in May, 43K
- Retail Trade jobs rose by 28K
- Education and health added another 26K
- Temp jobs: the lowest of all paying jobs added another 26K
How about higher paying jobs? Professional and Business Services (ex. Temp) rose by 31K in May, less than the 34K in April, Financial Activities posted a tiny 4K increase compared to 9K in April, Wholesale Trade was up a whopping 8K (compared to 4K in April), and finally
Manufacturing jobs declined for the second consecutive month,
dropping first 9K in April and now 8K in May."
source, BLS
==================================
6/7/13, "Number Of Older Workers (55 And Over) Rises To New Record High," Zero Hedge
"We look at the age bracket distribution of those who are lucky enough to get new jobs each month, versus those who aren't. It should come as no surprise that once more the majority of new jobs created in the month of May went to the oldest age-group cohort, those 55 and older, which saw an increase of 203,000 jobs in May, more than every other age group bracket. The result: with an all time high 31,488,000 workers aged 55-69, Americans are far more busy working in their older years than retiring (or gambling in the rigger stock market casino)....As the chart below shows, since the start of the Obama regime, 4.3 million jobs have been created for workers 55 and older. Everyone else? A loss of 2.5 million jobs. In short: the gerontocratic, retirement-less recovery."
.
source: BLS, Zero Hedge
.
No comments:
Post a Comment