Thank God for obesity and stupidity. Without it, there would be no job growth in America. We always need more teachers – it’s for the chilruns. It requires more and more union government drones to make our chilruns dumber. With 13% of the population obese and growing, we need more healthcare workers to supply them with drugs and help them tie their shoes and wipe their fat asses. But the real growth industry in America is feeding the rotund masses. In 1990 there were 17.5 million manufacturing workers in the U.S. and 6.2 million waiters & bartenders. The gap was 11.3 million.
Today there are 12.3 million manufacturing workers and 11 million waiters & bartenders. The gap is 1.3 million.
Hmm. I wonder which jobs pay more?
The American transformational success story in all its glory.
Thank you NAFTA, globalization, corporate fascists, corrupt politicians, Harvard MBAs and the insatiable appetites of the average American.
Well damn, I eat at fast food restaurants daily. I guess I’m slowly killing myself. I’m not fat but I’m not in good shape either. I wish I could take 6 months off just to get back in the gym.
Thanks a lot NAFTA! Perot was right; this is the result of the “giant sucking sound” he predicted.
And to think its just begun.
Fast food tastes like crap.I rarely eat it.
Thank our trade deal leaders who got rid of all the decent jobs. Now we have low paying service jobs and 29 hour work weeks at minimum pay. And little home construction. Everyone is trying to just get by.
Did we sign the latest job destroyer? TAFTA? or something like that. I can only guess that it is bad for our country and good for some broke country that has cheaper labor.
Looks like China wants to know if you want fries with that, too.
http://www.nytimes.com/2015/01/20/business/as-growth-slows-china-pins-hopes-on-consumer-spending.html?_r=0
Really, it’s a tacit admission of abject failure.
2015-02-06 08:34 by Karl Denninger
The Bureau Of Lies And Scams (+257k Joobs)
From The Usual Lie Factory Suspects….
Total nonfarm payroll employment rose by 257,000 in January, and the unemployment rate was little
changed at 5.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail
trade, construction, health care, financial activities, and manufacturing.
Suuuure it did.
Oh yeah, there were big revisions too — +147k for the last two months.
Now let’s remember a few things. First, January is never a “clean” month because the seasonal workers that were hired in October and November (for Christmas) get fired. Thus it is virtually a “law” of economics that the actual figures will show a (large) decline in this month.
In other words, it is the made-up number that is reported and never the real one.
Further, the so-called “birth-death” adjustment for small businesses is also in play. Never mind that independent study has shown that the net of small businesses has gone negative; this means that the so-called “birth-death adjustment” has to be negative too, or it is an outright fraud.
So with that in mind let’s have a look at the actual data.
The net change in non-institutional population (defined: All persons 16 years and older) was +696, reflecting the annual adjustment. However, this means the working-age population rose last year by 2.8 million people!
Oh by the way, that’s an outrageous outlier, which begs the question — did we allow in another 600,000+ illegal invaders last year? The usual increase in this figure is in the range of ~2-2.2 million….. so where did the other 600,000 working-age people come from?
The net change in employed was -638,000, which is pretty much “up the middle” for a January. There have been (notably) worse net changes; last year was close to 900,000. But yes, it’s January, so a negative actual print is expected.
This change in the working-age population, by the way, means the net job gains are now effectively zero over the last year; the entire last year’s gain is now only 218,000 jobs!
Last month’s household employed number looked to be headed southbound, as did the previous month. Well, now it’s strongly negative, but what’s worse is that it’s now negative on the household number three months running and at an increasing rate; -270, -476 and now -638. December is also often net negative (lightly) but this is materially worse than last year, and further November last year was positive 631k (as expected) while this year it was negative 270,000.
Next month this figure should be positive; historically speaking it should be positive by somewhere around 600k.
We already have a recession warning in the three-month run rate of “employed” people via the household survey; if we print under +500k next month the net delta will be large enough that hiding what’s happening in the other economic releases via various fudge factors will become nearly impossible.
As expected this also dropped the employment:population ratio — materially. The improvement in this ratio has now been not only broken but decisively destroyed; it is back to where it was in March of last year!
This is a crap report; all of the so-called “improvement” was due to outright lying via “seasonal adjustment” and what’s worse is that the BLS is now admitting that we put 600,000+ more people into the working age population group last year, almost certainly via illegal immigration, than is normal for a given year.
No, no I wouldn’t. Want fries with that, that is.
Been doing a bunch of reading on diet/fat, my daughter and husband are processed foods junkies, and it is starting to become obvious with my daughter – becoming sensitive to multiple “foods” – and I’m searching the best alternatives.
A couple meta-studies (where they comb other related studies and create a massive database of all relevant info, instead of individually, which identifies broad trends easier), showed that nearly 70% of people whom die from heart attacks in the US have eaten fast food fries within 24 hours of their heart attack or stroke.
That is because the fake food “healthy” oil, combined with the processed potatoes and additives, creates instant inflammation that attacks your heart and blood vessels.
Thank god I’ve noticed that this latest turn of oil is becoming rancid much easier. I can’t tell you the last time I tasted a restaurant fry that did NOT taste a little rancid. Puke, I’ll make baked ones at home that are damn near as good as 1970s, partially fried in lard, fast food fries.
@bb, health is not found in restaurants or gyms. You can be healthy without EVER spending that kind of time/effort. Good luck.
Are we going to believe Brian Williams and the government or James Quinn?
TE says: @bb, health is not found in restaurants or gyms. You can be healthy without EVER spending that kind of time/effort.
bb is forced to eat at truck stops; burgers, fried chicken, chips, dips and giant bags of beef jerky, yum.
Highways are safer now than back in the day of the Lincoln Highway, the Dixie Highway and Route 66. The food got worse, though.
That new Ronald McDonald is not only cool, but I’m betting he won’t take any shift from entitled parents or their little brats.
Shit, not shift. Fucking auto correct is annoying. Must be programmed by either an uptight religious fuck face or some politically correct liberal douchebag.