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Where The Jobs Are Added

Saturday, May 4, 2013 - 8:03 AM
Employers added 165,000 jobs in April, but they were all from service providers, not goods producers. Many of the jobs added in April come in low-wage sectors, where some people hold two or more jobs.

Unemployment rate dropping but manufacturing jobs not increasing | Detroit Free Press |
ShorebreakShorebreak2,670 posts since
Apr 6, 2010
Rep Points: 14,473
1. Saturday, May 4, 2013 - 9:14 AM
No surprise here; but statistics are statistics, looks good on paper and stirs up Wall Street rallies.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
2. Saturday, May 4, 2013 - 10:52 AM

Dear 51hh,

Indeed ... And for those 165k of our fellow Americans who got these jobs, I guess the factor of low-wage or high-wage would be a secondary consideration (if at all).  Primary consideration for them I believe will be between no-wage or low-wage.  This not only looks good on paper, but also for those 165k Americans it will look good in their accounts, when they encash their first pay-check!  :-)

Congratulations to those got these jobs, and thanks to our FOMC for helping those Americans who are in grave need.  Hoping that FOMC will keep doing what they are doing to bring the unemployment down, exactly as they are mandated to do by law.

Yours Truly,
- Anon
ytytytytytytytyt158 posts since
Jan 28, 2013
Rep Points: 623
3. Saturday, May 4, 2013 - 4:53 PM
Re: 51hh@ 1. Saturday, May 4, 2013 - 9:14 AM

Agreed. More fodder for politicians. Nothing to look at since neither the Fed, the Administration nor Congress has done anything meaningful to facilitate more meaningful hiring at middle-class wages. The service industry is hiring because their workforce is highly temporary and age dependent. One can't lift cases of beer in the convenience store after a certain age. Job creation has been localized in nature. The two areas that are hiring people at good pay are Silicon Valley in California and the oil shale fracking regions of North Dakota and Texas.  Of course, those jobs are highly specialized or very labor intensive.
ShorebreakShorebreak2,670 posts since
Apr 6, 2010
Rep Points: 14,473