Friday, June 2, 2006

JOBS DATA....health care and temps booming! Retail, hotels and manufacturing plunge

Nonfarm employment....... 134,161 134,722 134,905p135,031p135,106 p75
Goods-producing(1)..... 22,242 22,363 22,381 p22,426 p22,416 p-10
Construction......... 7,391 7,483 7,495 p7,511 p7,512 p1
Manufacturing........ 14,211 14,226 14,225 p14,244 p14,230 p-14
Service-providing(1)... 111,920 112,359 112,524p112,605p112,690 p85
Retail trade(2)...... 15,284 15,299 15,307 p15,263 p15,236 p-27
Professional and
business services.. 17,058 17,161 17,199 p17,216 p17,243 p27
Education and health
services........... 17,476 17,584 17,622 p17,658 p17,699 p41
Leisure and
hospitality........ 12,873 12,954 12,976 p12,991 p12,995 p4
Government........... 21,870 21,873 21,899 p21,908 p21,916 p8

Some issues and anomalies...

1. Why is tourism so weak at the beginning of the driving season...?

2. Manufactuing decline is reversal of last month.

3. Is health care that huge...how sick are the American People?

4. The decline in retailing..belies the big retail spending boom reported yesterday! What gives?