Employment Details January 2011

As we noted last week upon release of the employment stats the DoL has playing around with the numbers so frankly anything we do will be suspect. Garbage in garbage out. But here goes.

 

The above is a comparison by month of the change by the three major sectors on a month by month basis. One must also be careful because the DoL changes the numbers backwards for over a year with some complex smoothing algorithm which I would rather no explain. But last month we saw a growth in the manufacturing sector and a decline in services. The Govt and related sector seems to have remained constant.

The above shows the detail for January 2011 as to all major non farming sectors. We again should note the fact that a third of our economy is supported by the other two thirds. Also the third supported is paid twice what the two thirds supporting is. This imbalance must be remedied.

The above shows the percents by category comparing January 2005 to the present stats. Again the growth in the sectors which are Government related is clear. The goods producing and construction show the difference.

The changes by category from 2005 to present are shown above reaffirming what we have been saying.