Who Was Hiring In June 2014?

Zero Hedge ^ | 07/03/2014 | Tyler Durden

[SeekAndFind]

As we reported previously, and as hardly anyone else will discuss, in June the composition of added jobs was rather abysmal: according to the Household survey, while over half a million full-time jobs were lost, this was offset by less paying, benefits-free part-time jobs rising by 799K, the most since 1993. So what does that mean for the job quality as reported by the Establishment Survey. Let's dive in.

Of the 288K jobs added in June, here were some of the biggest contributors:

• Retail Trade: 40.2K
• Leisure and Hospitality: 39K
• Education and health: 38K
• Government: 26K
• Temp Help Service: 13.1K

What about the well-paying jobs? Well, here they are:

• Professional business services: 53.9K
• Financial Services: 17K
• Manufacturing: 16K
• Information: 9K
• Construction: 6K

And there, again, us why cost-push inflation may be spreading (especially after one buys record expensive burgers and pays the highest gas bill since 2008 for the July 4th weekend) but wage inflation is nowhere to be found.

[grumpygresh]

Transition to 0-care 28 hour work week; more part-timers.

[Steve_Seattle]

The AP wire story that appeared in my local paper naturally made no mention of these inconvenient facts. And, of course, the local libs were all crowing about this great news.

[Bon of Babble]

For a non-statist look at the REAL unemployment rate:

http://www.shadowstats.com/alternate_data

[tbw2]

A spike in hiring for summer camps, summer retail and such isn’t a solid economy.

[stylin19a]

Chart says “jobs added....”
seems some of them should be positions filled ?

[GodAndCountryFirst]

My minister (who keeps me up on such things) says the unemployment rate would be in double digits except for two things: Millions have given up looking for work and OZero has more than doubled the federal workforce since he came in.