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IPFS News Link • Economy - Economics USA

Who's Hiring And Who's Firing: More Than Half Of All Job Gains Were Bartenders And Teachers

• Zero Hedge

There was a glaring contradiction in today's jobs report which on one hand indicated an impressive gain in payrolls (measured by the Establishment survey), which rose 850K in June, and well above expectations, while on the other hand, the number of employed people (measured by the Household survey) actually declined by 18K to 151.602MM. While we assume this discrepancy was due to seasonal adjustments in the Establishment survey and will be revised in coming months, we take a look at the job sectors that moved the most in the month of June.

In keeping with tradition, one of the biggest jumps was in the food service and drinking places, i.e., waiters and bartenders, which jumped by a whopping 194,300 in June. This was the 6th consecutive month of growth for the sector, and the 5th in a row with more than 100,000 job gains.


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