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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
Text Size
Aug.07
5:45 PM ET
Friday, 7 Aug 2009
Where Are The Jobs?

Entry Point
With everybody talking about employment numbers we started to wonder, where are the jobs, anyway?

Although most areas of the economy still shed jobs there were some bright spots where employers actually added to the payrolls.

Here’s closer look at the breakdown.

Total change in non-farm payroll = - 467,000

  • Private Sector = - 254,000
    • Natural Resources & Mining = unchanged
    • Construction = - 76,000
    • Manufacturing = - 52,000
      • Durable goods = - 32,000
      • Non-durable goods = - 20,000
    • Services = - 119,000
      • Wholesale Trade = - 18,600
      • Retail Trade = - 44,100
      • Transportation = - 22,400
      • Utilities = - 1,500
      • Information & Media = - 16,000
      • Financial Svcs & Real Estate = - 13,000
      • Professional & Business Svcs = - 38,000
      • Education = - 900
      • Health Svcs = + 17,300
      • Leisure = + 9,000
  • Government = + 7,000

These results seem to fall right in line with expectations.

According to published reports the first areas where we should see job growth are in education and healthcare with boomers getting older and laid off workers going back to school.
Energy could be close behind if the administration continues to emphasize green energy. "Solyndra was one of the first companies to get a half billion dollars in federal stimulus. And they're using the money to build a brand new corporate facility," explains CNBC's Jim Goldman.

That's not to say the economy is going to start adding jobs next quarter. It's not.

We could remain in a period of high unemployment for quite a while as employers resist hiring but chose to remain very lean.

Nope, landing that job of your dreams is not going to be easy. But then again, even in a booming economy, it rarely is.

______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .

Trader disclosure: On Aug. 7th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Seymour Owns (AAPL), (AA), (BAC), (BX), (TCK), (USU); Seygem Asset Management Owns (CZZ); Grasso Owns (ASTM), (BAC), (COST), (CSCO), (FAZ), (PFE), (PRST), (V), (WMT), (XLF); Terranova Owns (MCD), (RIMM), (AMZN), (MSFT); Terranova Is Short (F), (TM); Najarian Owns (AA) Call Spread; Najarian Owns (BUCY) And Is Short (BUCY) Calls; Najarian Owns (GS), Owns (GS) Puts, Is Short (GS) Calls; Najarian Owns (HIG) Calls; Najarian Owns (INTC) And Is Short (INTC) Calls; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Ownws (MS) And Is Sohrt (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (V) And Is Short (V) Calls; Najarian Owns (YHOO) Call Spread; Najarian Owns (NSC) And Is Short (NSC) Calls; Najarian Owns (CSCO) And Is Short (CSCO) Calls

GE Is The Parent Company Of CNBC

For Steve Grasso:
Stuart Frankel And/Or Its Partners Own (CUBA)
Stuart Frankel And/Or Its Partners Own (GERN)
Stuart Frankel And/Or Its Partners Own (MSFT)
Stuart Frankel And/Or Its Partners Own (NWS.A)
Stuart Frankel And/Or Its Partners Own (NXST)
Stuart Frankel And/Or Its Partners Own (NYX)
Stuart Frankel And/Or Its Partners Own (PDE)
Stuart Frankel And/Or Its Partners Own (PRST)
Stuart Frankel And/Or Its Partners Own (RDC)
Stuart Frankel And/Or Its Partners Own (ROK)
Stuart Frankel And/Or Its Partners Own (TLM)
Stuart Frankel And/Or Its Partners Own (TMK)
Stuart Frankel And/Or Its Partners Own (XOM)
Stuart Frankel And/Or Its Partners Own (XRX)
Stuart Frankel And/Or Its Partners Own (SDS)
Stuart Frankel And/Or Its Partners Are Short (QQQ)
Stuart Frankel And/Or Its Partners Are Short (CL)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Virtus Investment Partners Owns More Than 1% Of  (ABD)
Virtus Investment Partners Owns More Than 1% Of (CAL
Virtus Investment Partners Owns More Than 1% Of  (DLR)
Virtus Investment Partners Owns More Than 1% Of  (EXR)
Virtus Investment Partners Owns More Than 1% Of  (IGE)
Virtus Investment Partners Owns More Than 1% Of  (DBC)
Virtus Investment Partners Owns More Than 1% Of  (DBV)
Virtus Investment Partners Owns More Than 1% Of  (SKT)
Virtus Investment Partners Owns More Than 1% Of  (TNB)
Virtus Investment Partners Owns More Than 1% Of  (UA)
Virtus Investment Partners Owns More Than 1% Of  (CLB)
Terranova Owned (MSFT) On 7/22/09

For Scott Nations
Nations Owns (C) Calls And Is Short (C) Puts

CNBC.com with wires

© 2009 CNBC

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