Where The August Jobs Were: Who Is Hiring And Who Isn't... And The Retail Apocalypse

Zero Hedge | 9/6/2019 | Staff
Claw987Claw987 (Posted by) Level 4
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Whether today's payrolls report was "stagflationary" or simply lousy, is debatable, but with just 96K private payrolls created in August (government added 34K jobs, the best "job category" in the month) one thing is certain: this was the 4th lowest private jobs print in the past 3 years.

And yet, if one looks at the various job sectors, the emerging picture is hardly a dismal one, with 9 industries adding jobs, and 4 losing.

Highlights - US - Manufacturers - Jobs - Pace

Some of the highlights: US manufacturers continued to add jobs, though at a slower pace with August factory payrolls rising 3,000 after a downwardly revised 4,000. Meanwhile, the leading indicator for future job growth, temporary help agency employment, jumped by 15,400 after falling the previous three months and raising concerns of broader labor-market weakness.

Separately, government added 34K jobs, "not great, not terrible", while...
(Excerpt) Read more at: Zero Hedge
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