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January (lack of) Jobs Report

The data is in. Letē—“ break down the January 2006 jobs report from the Bureau of Labor Statistics. I think you'll find that these jobs are great for people who want to continue living the Wal-Mart lifestyle.

194,000 jobs were created in January. Of those jobs:

1) 46,000 were construction jobs. Ok, these jobs were probably created to repair the hurricane damage along the Gulf Coast. If our area is any indicator, we have had a large number of Mexican's laborers hired to repair damaged roofs and homes.

2) 136,000 were Domestic Services jobs. Credit agencies: 21,000 (to manage and monitor consumer debt), Administrative and waste services: 17,600, Healthcare and social assistance 37,500, Waiters, waitresses and bartenders 31,000, Wholesalers 15,100.

3) Manufacturing jobs: 7,000. Since millions of manufacturing jobs have been shipped overseas, this figure is basically a non-event.

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