Sunday, September 8, 2013

Does Quality Matter — In Jobs Our Economy Is Adding?

ZeroHedge contends that it does. The post here is clipped below, to provide the meat — and includes info on Construction (!) — (bolding added by EleBlog)

Of the 169K jobs added, the vast majority, some 144K or 85% of the entire August gain, consisted of the lowest paying jobs possible:

  • +44K jobs added in Retail Trade
  • +43K added in Education and Health
  • +27K added in Leisure and Hospitality
  • +17K added in Government (looks like sequester effect has finally “tapered”)
  • +13K added in Temp Help services

But at least they are full-time “lowest paying jobs” possible. If there was one silver lining in today’s jobs report it is that Full Time jobs added finally surpassed the Part-Time jobs, which actually declined.

Elsewhere, for those still confused by the Beige Book’s idiotic proclamation that there are construction worker shortages, don’t tell the BLS: the number of jobs added in the Construction sector: 0. Narrowing it down to just construction jobs of residential buildings, the number was down 3.9K. So much for that lie.

Source: http://electricalcontractor.com/?p=10972

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