The Phaserl


The December 2014 Payroll Jobs Report

by Dr. Paul Craig Roberts, Paul Craig Roberts:

January 9. The Bureau of Labor Statistics reports that a quarter of a million new jobs were created in December.

The reported new jobs are concentrated in construction (48,000), professional and business services (52,000), health care and social assistance (43,700), and waitresses and bartenders (43,600) .

The construction jobs are in heavy and civil engineering construction and specialty trade contractors.

The personal and business services jobs are primarily administrative and waste services, about half of which are temporary help services.

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