#1 What Quality Jobs? Over Half Of May Payroll Growth Is In Education, Leisure And Temp Help Jobs by algernonpj 06.06.2014 11:41

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What Quality Jobs? Over Half Of May Payroll Growth Is In Education, Leisure And Temp Help Jobs
Submitted by Tyler Durden on 06/06/2014 09:29 -0400

If there was some hope that in April the trend of the US adding low-quality (as in low-paying) jobs may finally be coming to an end, this came to a quick end in May, when more than half of the 217K jobs added were in the lowest paying sectors. Specifically:

Education and health: +63K
Leisure and Hospitality: +39K
Temp Help Services: +14K

These three lowest paying categories amount to 116K, or well over half of the total jobs gains. What's more, if there was some hope for a construction renaissance in April after 34K jobs were added in the sector, in May this too came to a grinding halt after only 6K construction jobs were added. The best paying jobs: financials and information, also deteriorated, with fins adding 3K in May, half of the April gain, while 5K Information jobs were outright lost in the past month, compared to a gain of 1K jobs.

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More:
http://www.zerohedge.com/news/2014-06-06...-temp-help-jobs

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