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Where Are The Jobs?

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.

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