Friday, October 7, 2005

HUGE DROP IN RETAIL AND HOSPITALITY EMPLOYMENT...!

THE KEY NUMBERS FROM BLS FOR SEPTEMBER...

Nonfarm employment....... 133,429p133,994 133,865p134,076p134,041 p-35
Goods-producing(1)..... 22,134 p22,148 22,134 p22,154 p22,155 p1
Construction......... 7,217 p7,261 7,235 p7,262 p7,285 p23
Manufacturing........ 14,292 p14,255 14,270 p14,261 p14,234 p-27
Service-providing(1)... 111,295p111,846 111,731p111,922p111,886 p-36
Retail trade(2)...... 15,180 p15,230 15,249 p15,265 p15,177
p-88
Professional and
business services.. 16,867 p17,007 16,964 p17,002 p17,054 p52
Education and health
services........... 17,289 p17,427 17,377 p17,427 p17,476 p49
Leisure and
hospitality........ 12,741 p12,799 12,801 p12,838 p12,758 p-80
Government........... 21,753 p21,845 21,817 p21,843 p21,874 p31

HUGE HUGE DROP IN RETAIL EMPLOYMENT DOES NOT LOOK GOOD FOR CONSUMER SPENDING IN THE FUTURE... AND CONSUMER SPENDING WE ARE TOLD IS 2/3s OF THE ECONOMY IN THE US.

FURTHERMORE, THE "INCREASES" IN GOVERNMENT, BUSINESS SERVICES (TEMPS), AND HEALTH AND EDUCATION SEEM BLOATED...

MANFACTURING ALSO TOOK A BIG HIT WITH 27,000 JOBS LOST...HOW MANY MANUFACTURING JOBS ARE LEFT TO CUT!! DISMAL BY ANY MEASURE...