ALL SERVICE... NO MANUFACTURING.... AMERICA HAS NOTHING TO OFFER!

http://www.zerohedge.com/news/2013-05-03/where-jobs-were-april

For those lucky enough to not be male and aged 25-54, and having been
able to get a job in April, the following chart is redundant. For
everyone else, curious which industries were adding jobs in April, here
is the full breakdown. With the bulk of job additions in such "high
paying" sectors as leisure and hospitality, temp help and retail, one
can see why corporate revenues are going nowhere fast.

http://www.zerohedge.com/news/2013-05-03/jobs-breakdown-age-and-gender-or-no-country-prime-aged-male-workers



On the surface, the April jobs number was better
than expected: in the grand scheme of things, it kept in line with the
growth of the overall US labor force (which grew by 210K per the
household survey) - the bare minimum in needs to keep the unemployment
rate in line. A quick look beneath the surface does reveal the usual
question marks, however.

The first and now traditional issue, is when looking at the
composition by age. Here we notice that just like in prior months, a key
part of the growth was attributable to those aged in the 55 and over
group, which added 79K workers, although a surprising change was the
massive addition of some 187K workers in the lowest paid, 20-24
age group - the biggest monthly jump in this category since September.
Was this due to students entering the workforce early? The reason is
unclear. What is clear is that the prime working demographic, those aged
25-54 saw yet another decline, as 16K workers exited the ranks of the
employed.



Breaking this down sequentially by sub-55 year old workers, vs those
55 and over, shows the same trend seen many times before: no cumulative
hiring of "young" workers, with the bulk of hiring focusing on those 55
and older.



So that's the age distribution: no major surprises here.

But perhaps the most curious development in the April jobs report is
the gender breakdown: of the 293,000 jobs added per the Household
Survey, women workers (aged 16 and older) accounted for... 384K? Men -
sorry. 90K males lost jobs in April.



Why? We look forward to finding out. But perhaps Buffett's praise of women in the US yesterday was on to something.





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spring, I have become anti-everything