As part of our monthly NFP-day tradition, we break down the monthly job gains (and losses) by industry. So here they are: in September the biggest job gaining sectors, accounting for 86K jobs or 58% of the total 148K jobs added, were the following four industries:
- Transportation and Warehousing: + 23K
- Government: +22K
- Retail Trade: +21K
- Temp Help: +20K
In short: nearly two thirds of all jobs created in September (according to the BLS’ increasingly more flawed data so these numbers are likely completely made up) were truck drivers, bureaucrats, salespeople and temps.
What about “real” jobs: well, Financial Activities were down 2K, Manufacturing were up 2K, Information (those very critical programmers so instrumental in the glitchless roll out of Obamacare): +4K, and Professional and Business Services (ex temps): +12K.
Quality all the way.
Source: BLS
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/o1ECAX_CUqE/story01.htm Tyler Durden