254,000 is a good number. There is no disputing that.
Employment gains include
- 78,600 in leisure and hospitality
- 15,600 in retail
- 45,000 in healthcare
- 31,000 in government (directly),
- 26,500 in social assitance (government indirect)
Good number, ostensibly yes, but largely low wage jobs. As we have seen time and time again over the past year or so is to see what the revisions will look like.
correct on all three points.
The other good news.
Apparently there was a slight (0.2%) uptick in the % employed full-time. Not enough to break the strong downward trend we are currently in, but a glimmer of hope that maybe (or maybe not) things are getting bad more slowly.
FRED (my primary chart source) has not yet updated their chart in that regard
a quarter of a million new jobs for 20 million illegals…
doesn’t pass the smell test
This is an interesting point. When you saw low wage jobs - are they largely higher than the median salary?
Same question for ya.
Does leisure hospitality snd healthcare pay higher or lower than the median
It will for you once the other guy gets elected. Same numbers too.
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Unfotunately the BLS reports (and has always reported)
“native born” vs “born abroad” in Y-o-Y terms.
As we have discussed those tends are certainly bad.
But I’d have to dig out last month’s chart to compare the two to get M-o-M changes.
that’s above board employees?
what about the millions of workers without social security numbers working under the table?
are they just selling fentanyl?
I’d have to guess that leisure hospitality pay below median and healthcare pays above median. (pure private sector vs spending someone else’s money)
The majority of the jobs in this sector are low wage:
https://www.careerbuilder.com/advice/blog/top-10-jobs-in-hospitality
In particularly if we are talking about if the majority of the jobs in this report are going to migrants then those are all of the low-wage variety.
LOL
well the monthly report is based on a pretty good survey.
We have no reason to believe more people are lying now than lied before,
so, while any two/all of the numbers may be wrong the survey does a good job of letting us compare two periods.
The data says we had a good month in a bad overall picture.
So I just Googled Median wage for the US:
37,585 USD (2022)
Sounds about right.
Note also 50 weeks at 40 hours per week equals 2,000 hours/year so
37,585 = $18.74 per hour.
The following has been true for a long time
- half of all US workers work at McWages
- a significant portion of the other half live and work in expensive places (NYC) where $22 an hour is still a McWage.
Looking now at the second part of the data
“Marginally attached” up 204,000 in a single month including
“Discouraged workers” up 78,000 in a single month.
Best guess:
The constipated real estate market is having very very real implications for jobs and job-mobility. Jerome Powell has screwed so many people he should have an OnlyFans channel.
That’s because there are entry level jobs. You are assuming that the lower end jobs was a what filled. And that’s a perfectly fine assumption. That’s why the median salary id whats important. So guessing that they are mostly low wage job is incorrect
Right so healthcare and leisure and hospitality can be above that number
leisure and hospitality?
Really?
What am I missing?
Someone else’s money? Hospitals and medical offices primarily make their money from private insurance.
That’s the second time you denigrate healthcare jobs in one of these threads. What a weird hill
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