The
WSJ today had a note on where the jobs are and are not. They state:
Manufacturing has been adding jobs since the start of 2010 due in large part to the sharp rebound in automobile production at General Motors Co., Ford Motor Co. and Chrysler LLC that has filtered to suppliers. On the flip side, just about anything to do with housing, from furniture makers to hardware stores, remains depressed. Homebuilder Toll Brothers Inc., of Horsham, Pa., plans to bring its total employment to 3,300 by Oct. 31. But that is less than half of its peak of about 7,000 in 2005.
We have looked at a few sectors over the past six years and the results are shown below:
The first is the Government and Education and health. The Gov sector maintained its growth using Stimulus money but now that it has run its course they show some signs of adjustment. The blip is the Census data which frankly should have been factored out. Ed and Health shows a growth rate decline from 3% to 2%, not very much.
This is manufacturing, which saw great dips and we see durable goods going positive but non durables still negative on a run rate basis. Some recovery is noticed but not withstanding it appears to be a systematic decrease.
Mining has shown strength but construction is still low, with some possible blips due to Stimulus but none really to speak of.
In fact there effects of the trillion dollar stimulus is almost nowhere to be found except with money passed on to the unions.
Posts
