Seasonally, though, the numbers are STILL very low for automotive manufacturing jobs, however, I do see your point about Service Sector jobs:
Employment activity in the non-manufacturing sector grew in July, as ISM's Non-Manufacturing Employment Index registered 52.5 percent. This reflects a decrease of 1.6 percentage points when compared to the 54.1 percent registered in June. Nine industries reported increased employment, one industry reported decreased employment, and eight industries reported unchanged employment compared to June. Comments from respondents include "Filling some vacancies on a case-by-case basis" and "Slightly lower due to end of assignments/jobs."
The industries reporting an increase in employment in July listed in order are: Real Estate, Rental & Leasing; Mining; Agriculture, Forestry, Fishing & Hunting; Transportation & Warehousing; Wholesale Trade; Retail Trade; Finance & Insurance; Public Administration; and Accommodation & Food Services. The only industry reporting a reduction in employment in July is Professional, Scientific & Technical Services.
To my mind, this does NOT call for QE3 and the inflationary pressures this act will cause, even though the trends over the last few weeks show deflationary tendencies.
Raquel makes two good points. (What the hell, this thread has already been confusing enough)
Glaciers?Wwhat about the gas line?
During an appearance on Rachel Maddows MSNBC show last night, Dem. Rep. Barney Frank (D-MA) joined to talk about the economy. During that discussion, the almost unmistakeable sound of Frank passing gas could be heard. And the almost unmistakeable sight of him lifting his leg was visible:
Glaciers? What about the gas line?
During an appearance on Rachel Maddows MSNBC show last night, Dem. Rep. Barney Frank (D-MA) joined to talk about the economy. During that discussion, the almost unmistakeable sound of Frank passing gas could be heard. And the almost unmistakeable sight of him lifting his leg was visible: