The Give Up Generation

Read slowly, does this make any sense??? Payrolls in U.S. Rise Less Than Forecast; Jobless Rate Falls

Hiring slows in Sept…

‘Significantly worse than expected’…

STAGNATION: September jobs report shows only 148K net jobs added. “The participation rates remained unchanged, with the civilian labor force participation rate remaining at its 35-year low.”

SIGNIFANTLY …
Where The September Jobs Were: Truck Drivers, Bureaucrats, Salesmen And Temps
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.

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