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Nonfarm Payrolls +321K; Unemployment 5.8%; Employed +4,000 (Household Survey)


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2014 Dec 5, 12:33am   4,322 views  14 comments

by Mish   ➕follow (3)   💰tip   ignore  

Nonfarm Payrolls +321K; Unemployment 5.8%; Employed +4,000 (Household Survey), Unemployment +115,000
http://globaleconomicanalysis.blogspot.com/2014/12/nonfarm-payrolls-321k-unemployment-58.html
Mish

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1   JH   2014 Dec 5, 12:50am  

Means nothing without this:

Average hourly earnings of production and non-supervisory private workers rose $0.04 to $20.74. Average hourly earnings of production and non-supervisory private service-providing employees also rose $0.04 to $20.53.

That's an increase of 0.2% for those who don't use math because of its liberal bias.

2   JH   2014 Dec 5, 1:06am  

Call it Crazy says

Or this:

Ouch

3   tatupu70   2014 Dec 5, 1:19am  

Call it Crazy says

Or this:

..."the breakdown was skewed fully in favor of Part-Time jobs, which rose by 77K while Full-Time jobs declined by 150K."

Source? That doesn't add up with the OP's article.

And that last chart is actually good--the #1 gain in jobs was from professional/ business services. Manufacturing also in the top 5.

4   JH   2014 Dec 5, 1:56am  

Call it Crazy says

tatupu70 says

And that last chart is actually good--the #1 gain in jobs was from professional/ business services.

Yep, those part time secretarial and call center jobs are booming!!

I think custodial engineer might now be a professional position also

5   indigenous   2014 Dec 5, 2:10am  

Does this mean the Fed will raise interest rates?

6   tatupu70   2014 Dec 5, 2:15am  

Call it Crazy says

Yep, those part time secretarial and call center jobs are booming!!

lol--if you listed the source we'd know exactly what they include in that category. But, you appear to have something to hide and won't do it...

7   zzyzzx   2014 Dec 5, 2:20am  

Call it Crazy says

Yep, those part time secretarial and call center jobs are booming!!

At least the employees of the Taj got another 8 days! It now closes on the 20th!

8   JH   2014 Dec 5, 2:57am  

Call it Crazy says

When President Obama took office in January 2009, there were 80,529,000 Americans who were not participating in the workforce, which means that since then, 11,918,000 Americans have left the workforce.

In other news, 11,918,000 more parents found their children living in their basements since 2009 because Starbucks was not hiring. They too blame Obama for cutting their SS taxes and raising the tax rate on the top households back to the rates of the prosperous Clinton era.

"Now whaiy wouldn't dem dare librul coffee shops haire my sweet baby Johnny? He is always sittin in the basement lotionin up his hands cuz they get so drayy searchin on his laptop for those jobs the mexicuns took."

9   tatupu70   2014 Dec 5, 2:58am  

Call it Crazy says

Just TRY to put in a smidgen of effort instead of Trolling all the time! It's in the OP!

"Employment in professional and business services increased by 86,000 in November, compared with
an average gain of 57,000 per month over the prior 12 months. Within the industry, accounting and
bookkeeping services added 16,000 jobs in November. Employment continued to trend up in temporary
help services (+23,000), management and technical consulting services (+7,000), computer systems
design and related services (+7,000), and architectural and engineering services (+5,000)."

Did I miss where it listed secretarial and call center as included in that number?

10   tatupu70   2014 Dec 5, 3:51am  

Call it Crazy says

OK, we'll just end it here, so it doesn't go on for days like the other threads you enter....

Here's your Troll payment:

Well done. You're taking a page from the curious playbook now...

11   tatupu70   2014 Dec 5, 4:16am  

Call it Crazy says

I'll try and explain it for you, as you seem to be a little slow....

Secretarial and call centers would fall under "business services". Since you're in manufacturing Ted, I guess you wouldn't know that!

In other words--you just made that stuff up. The source specifically lists the parts of business and professional services that showed increases--secretarial and call centers weren't listed. So, any reasonable person would rightly understand that those weren't the drivers for the gains in employment.

Give it up--you pulled it out of your butt and got called on it. Own it. Move on.

12   SJ   2014 Dec 5, 4:47am  

Hmm well that explains why I lost my job

13   tatupu70   2014 Dec 5, 5:33am  

Call it Crazy says

OK Ted, tell me what job titles or professions ARE included in the category of "Business and Professional Services".

No problem Jack-- If you look at the press release, it lists them.

14   tatupu70   2014 Dec 5, 5:34am  

Call it Crazy says

Employment in professional and business services increased by 86,000 in November, compared with

an average gain of 57,000 per month over the prior 12 months. Within the industry, accounting and

bookkeeping services added 16,000 jobs in November. Employment continued to trend up in temporary help services (+23,000), management and technical consulting services (+7,000), computer systems

design and related services (+7,000), and architectural and engineering services (+5,000).

So tell me, which one of those areas could secretarial and call centers fall under?

Hint: It's the one with the biggest number (+23,000) and the one I highlighted in BOLD.

lol--temporary help could be just about anything. You're really grasping at straws now Joe.

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