Since 2007_ 1.4 Million Manufacturing Jobs Lost; 1

6
 07 /0 8/ 20 15 Sin ce 20 07 : 1. 4 Million Man uf ac tu ring Job s Lo st; 1. 4 Million Waite r/Ba rte nd er Jo bs Ga ine d | Zero Hed ge ht tp://www.zerohed ge .co m/news/2015-08 -07 /h oly-g rail-americas-new-economy-waite r-ba rtender-jobs-ha ve -increa se d-6 4-p as t-65 -mont 1/ 6 home  contributors  store  zh-tshirt glossary  archive  manifesto  rss  donate A True Jobs Massacre Spreads in US Oil & Gas Posted by : testosteronepit P ost date: 08/06/2015 - 09:56 And it's far from over. Israeli Military Brass - And American Jews - Support Iran Deal Posted by: George Washington Post date: 08/06/2015 - 12:17 Everyone - Including the Iranian Public - Knows that the Mullahs of Iran are Total A$$H@les, But ... Market Manipulation 101 – Buy $5.5Bn of a Stock, Tell People You Did It Posted by: ilene Post date: 08/06/2015 - 13:59 Bill Ackman had a $1Bn shortfall to cover (allegedly) in his Pershing Square Fund. Home Since 2007: 1.4 Million Manufacturing Jobs Lost; 1.4 Million Waiter/Bartender  Jobs Gained Submitted by Tyler Durden  on 08/07/2015 10:05 -0400 China new economy Reality recovery  4  Who says America has a jobs problem? As the  chart below shows, the "New Economy" may pay abysmally, but at least it promises a little to everyone (or to paraphrase a famous phrase "From each according to his ability, to each according to his need"). Nowhere is that more obvious than in the chart showing the monthly change in waiter and bartender jobs. Here is the bottom line: in the past 65 months, or nearly five and a half years starting with March 2010, or when the jobs "recovery" really kicked in, jobs for waiters and bartenders (a ka food service and dri nking places) have declined just once. This is a statistically abnormal hit rate of nearly 99% , and one which we assume has everything to do with the BLS'  charge of not so much reporting reality as finding loopholes in the goalseeked model to report that the US keeps adding over 200,000 jobs every month or bust. Putting this number in context, the US has allegedly added 376K bartenders in the past year, and 3 million since March 2010.  And here is another, even more disturbing way of showing the "New Economy" - since December 2014, the US has lost 1.4 million manufacturing workers. These have been replaced almost one to one, with new waiters and bartenders. Win, win for everyone, especially the welfare state and of course, China. Share  6 User login Username: * Password: * Create new account Request new password Log in Zero Hedge Rea ds Acting Man Alt-Market Bearish News Boom Bust Blog Capitalist Exploits China Financial Markets Chris Martenson's Blog Contrary Investor Credit Writedowns Daneric's Elliott Waves DealBook Demonocracy Dr. Housing Bubble ETF Daily News ETF Digest First Rebuttal ForexLive Gains Pains & Capital Global Economic Analysis Implode-Explode Invest ing Contrarian Jesse's Cafe Americain Liberty Blitzkrieg Market Folly Market Montage Max Keiser Minyanville Mises Institute Naked Capitalism Of Two Minds Oil Price Peter Schiff Rebooting Capitalism Shanky's Tech Blog Slope of Hope SmartKnowledgeU Blog StealthFlation Stratfor TF Metals Report The Burning Platform The Daily Crux The Economic Populist The Hammerstone Group The Market Ticker The Trader The Vineyard Of The Saker Themis Trading Value Walk  Search RanSquawk News  The Fly Benzinga Pro New Comments  Today's Top Stories Audio Commentary From RanSquawk: 08-07 10:15: Teekay Offshore Partners (TOO) downgraded to neutral from buy at Citi 08-07 10:15: Teekay Offshore Partners (TOO) downgraded to neutral from buy at Citi 08-07 10:15: Engility Holdings (EGL) upgraded to buy from hold at BB&T 08-07 10:15: Engility Holdings (EGL) upgraded to buy from hold at BB&T 08-07 10:15: Off Wall Street Research has removed Cogent Communications Holdings... 08-07 10:15: Canadian Ivey Purchasing Managers Index SA (Jul) M/M 52.9 vs. Exp. 51... 08-07 10:15: Canadian Ivey Purchasing Managers Index SA (Jul) M/M 52.9 vs. Exp. 51... 08-07 9:42: Dallas Fed's trimmed mean PCE price index +2.1% annualized in... 08-07 10:32: Texas has enough old folks in ( CrazyCooter) 08-07 10:31: Aren't you DutchBoy2015? The ( gregga777) 08-07 10:31: Good! I need someone to  ( B2u) 08-07 10:31: \facep alm Are you making ( Flakmeister) 08-07 10:30: Should make for some VERY ( toady) 08-07 10:30: What is this 'free market' of  ( Your guess is a...) 08-07 10:30: Make me - no change that to ( all-priced-in) 08-07 10:30: AND I STILL NEED TO WAIT 20  ( Sudden Debt) 08-07 10:30: Sooooooooooo...... we're  ( Dr. Engali) 08-07 10:29: Retirement money is SO 20th ( Your guess is a...) Contact Information: Tips: tips [ at ] zerohedge.com General: info [ at ] zerohedge.com Legal: legal [ at ] zerohedge.com Advertising: ads [ at ] zerohedge.com Abuse/Complaints: abuse [ at ] zerohedge.com Suggested Reading: Make sure to read our " How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy . 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home contributors store zh-tshirt glossary archive manifesto rss donate

A True Jobs Massacre Spreads in US Oil& Gas

Posted by : testosteronepit

P ost date: 08/06/2015 - 09:56And it's far from over.

Israeli Military Brass - AndAmerican Jews - Support Iran Deal

Posted by: George Washington

Post date: 08/06/2015 - 12:17 Everyone - Including the Iranian Public -

Knows that the Mullahs of Iran are Total

A$$H@les, But ...

Market Manipulation 101 – Buy $5.5Bnof a Stock, Tell People You Did It

Posted by: ilene

Post date: 08/06/2015 - 13:59Bill Ackman had a $1Bn shortfall to cover

(allegedly) in his Pershing Square Fund.

Home

Since 2007: 1.4 Million Manufacturing JobsLost; 1.4 Million Waiter/Bartender JobsGained

Submitted by Tyler Durden on 08/07/2015 10:05 -0400

China new economy Reality recovery

4

Who says America has a jobs problem? As the chart below

shows, the "New Economy" may pay abysmally, but at least it

promises a little to everyone (or to paraphrase a famous phrase

"From each according to his ability, to each according to his

need"). Nowhere is that more obvious than in the chart showing

the monthly change in waiter and bartender jobs.

Here is the bottom line: in the past 65 months, or nearly

five and a half years starting with March 2010, or when

the jobs "recovery" really kicked in, jobs for waiters and

bartenders (aka food service and drinking places) have

declined just once.

This is a statistically abnormal hit rate of nearly 99%, and one

which we assume has everything to do with the BLS' charge of not so much reporting reality as finding loopholes in the

goalseeked model to report that the US keeps adding over

200,000 jobs every month or bust.

Putting this number in context, the US has allegedly added 376K

bartenders in the past year, and 3 million since March 2010.

And here is another, even more disturbing way of showing the

"New Economy" - since December 2014, the US has lost 1.4

million manufacturing workers. These have been replaced

almost one to one, with new waiters and bartenders. Win,

win for everyone, especially the welfare state and of course,

China.

Share 6

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Audio Commentary From RanSquawk:

08-07 10:15: Teekay Offshore Partners (TOO) downgraded

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08-07 10:15: Teekay Offshore Partners (TOO) downgraded

to neutral from buy at Citi

08-07 10:15: Engility Holdings (EGL) upgraded to buy from

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hold at BB&T

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Communications Holdings...

08-07 10:15: Canadian Ivey Purchasing Managers Index SA

(Jul) M/M 52.9 vs. Exp. 51...

08-07 10:15: Canadian Ivey Purchasing Managers Index SA

(Jul) M/M 52.9 vs. Exp. 51...

08-07 9:42: Dallas Fed's trimmed mean PCE price index

+2.1% annualized in...

08-07 10:32: Texas has enough old folks in (CrazyCooter)

08-07 10:31: Aren't you DutchBoy2015? The (gregga777)

08-07 10:31: Good! I need someone to (B2u)

08-07 10:31: \facep alm Are you making (Flakmeister)

08-07 10:30: Should make for some VERY (toady)

08-07 10:30: What is this 'free market' of (Your guess is

a...)

08-07 10:30: Make me - no change that to (all-priced-in )

08-07 10:30: AND I STILL NEED TO WAIT 20 (Sudden

Debt)

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a...)

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7/18/2019 Since 2007_ 1.4 Million Manufacturing Jobs Lost; 1

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07/08/2015 Since 2007: 1.4 Million Manufacturing Jobs Lost; 1.4 Million Waiter/Bartender Jobs Gained | Zero Hedge

http://www.zerohedge.com/news/2015-08-07/holy-grail-americas-new-economy-waiter-bartender-jobs-have-increased-64-past-65-mont 2/6

Fri, 08/07/2015 -

10:07 | 6400986

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- 10:09 |

6400992

Fri,

08/07/2015

- 10:09 |

6400998

Fri,

08/07/2015- 10:12 |

6401016

Fri,

08/07/2015

- 10:16 |

6401040

Average:

Your rating: None Average: 5 (4 votes)

5

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- advertisements -

Headbanger

What are the

numbers on booze consumption?

synergize

Hmmm could

that be

because 1

waiter working 2 part-time jobs = 2 employees to theBLS...

realmoney2015

Who has

money to

go to bars and out

to eat? Must be all

those welfare people, because I work and I cannot!

Haus-

TargaryenPeople

paying

with

that plastic money. "If you can afford the monthly

payment you can afford it" kind of nonsense.

saints51

^^^^^^This^^^^^This country would be better off at this point if

credit did not exist.

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Variant Perception

View From The Bridge

Wolf Street

7/18/2019 Since 2007_ 1.4 Million Manufacturing Jobs Lost; 1

http://slidepdf.com/reader/full/since-2007-14-million-manufacturing-jobs-lost-1 3/6

07/08/2015 Since 2007: 1.4 Million Manufacturing Jobs Lost; 1.4 Million Waiter/Bartender Jobs Gained | Zero Hedge

http://www.zerohedge.com/news/2015-08-07/holy-grail-americas-new-economy-waiter-bartender-jobs-have-increased-64-past-65-mont 3/6

Fri,

08/07/2015

- 10:25 |

6401080

Fri,

08/07/2015

- 10:32 |

6401109

Fri,

08/07/2015

- 10:18 |

6401041

Fri,

08/07/2015

- 10:14 |

6401022

Fri,

08/07/2015

- 10:29 |

6401100

Hohum

saints51,

Debt isn't a bug; it's a feature. Without

credit, we'd have to work a lot harder and

learn to conserve. I don't think most

people want that. So be caref ul what you

wish for.

snr-

moment

The work ethic was killed off

long before the jobs went elsewhere.

Unions are for higher wages and job

security. They will still endorse

democrats despite TPP etc.

847328_3527

"You deserve it!"

"Show your neighbors who you are!"

"Buy a XYZ and look like a King!"

"Buy Moar, Save Moar!"

"When you shop, you save!"

"If you call right now ...."

"This deal won't last forever!"

"Don't be priced out of the market."

Chuck

Knoblauch

Retirement money living on borrowed

time.

Your guess

is a...

Retirement

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7/18/2019 Since 2007_ 1.4 Million Manufacturing Jobs Lost; 1

http://slidepdf.com/reader/full/since-2007-14-million-manufacturing-jobs-lost-1 4/6

07/08/2015 Since 2007: 1.4 Million Manufacturing Jobs Lost; 1.4 Million Waiter/Bartender Jobs Gained | Zero Hedge

http://www.zerohedge.com/news/2015-08-07/holy-grail-americas-new-economy-waiter-bartender-jobs-have-increased-64-past-65-mont 4/6

Fri,

08/07/2015

- 10:14 |

6401024

Fri,

08/07/2015

- 10:19 |

6401056

Fri, 08/07/2015

- 10:22 |

6401074

Fri, 08/07/2015 -

10:09 | 6400999

Fri, 08/07/2015 -

10:13 | 6401020

Fri, 08/07/2015 -

10:15 | 6401030

Fri, 08/07/2015 -

10:15 | 6401032

Fri, 08/07/2015 -

money is SO 20th century. Now all of the cool

kids are planning to live on benefits forever.

Headbanger

Old

farts

making

huge cash for

knowing how to drive manual transmissions andmake calls with rotary phones and use punch

cards.

Heywood

Jahblohmee

IN the land where Automobiles were

invented the automatic transmission are

optional and few people order them.

People here still like to drive their cars.

(Germany)

Mr Pink

Soooo......is it

since 2007 or

2014?

Agent P

Bring me a

sandwich and a whiskey neat.

Peak Finance

I even think these

numbers are faked. I really don't think that many

new restruants and bars have been opened. Even in

tourist spots like South Florida, Lee county beaches, Broward

Area, etc, dosen't seem like there are a lot of new places AT

ALL.

I think everytime I give my friend a beer they are countingme as a bartender for the month to get these numbers.

astoriajoe

In hindsight,

Obama's Beer Summit early in his first term should

have given us a clue on where things were headed.

youngman

and all those

waiters and bartenders do not pay taxes on their

tips...they do not report all of them by a bigmargin....and many live on the dole too...its a scam life and

they are good at it....they see all the cash and want part of

it...

nosam

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7/18/2019 Since 2007_ 1.4 Million Manufacturing Jobs Lost; 1

http://slidepdf.com/reader/full/since-2007-14-million-manufacturing-jobs-lost-1 5/6

07/08/2015 Since 2007: 1.4 Million Manufacturing Jobs Lost; 1.4 Million Waiter/Bartender Jobs Gained | Zero Hedge

http://www.zerohedge.com/news/2015-08-07/holy-grail-americas-new-economy-waiter-bartender-jobs-have-increased-64-past-65-mont 5/6

10:15 | 6401033

Fri, 08/07/2015 -

10:16 | 6401037

Fri, 08/07/2015 -

10:17 | 6401043

Fri, 08/07/2015 -

10:17 | 6401045

Fri, 08/07/2015 -

10:19 | 6401057

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10:21 | 6401065

Fri, 08/07/2015 -

10:22 | 6401071

Fri, 08/07/2015 -

10:24 | 6401076

Fri, 08/07/2015 -

10:27 | 6401092

Fri, 08/07/2015 -

10:30 | 6401097

Fri, 08/07/2015 -

Is it possible that

the number of jobs

have increased but the number of hours per job has

decreased? To sidestep Obamacare?

JustObserving

The American

Dream - you have to be asleep to see it.

GotNuttin'todo

0 0

O

That's my surprised face!

Heywood Jahblohmee

Hey people need to

eat and get shitfaced also. More bartenders.

Dr. Engali

Finally! A post I

can drink to!

Chuck Knoblauch

Trump will

negotiate better trade deals.

Mike Masr

These are all thegreat jobs Obama takes credit for. That's the change

we can all believe in!

JailBanksters

And the biggest

income of Bartenders and Waiters is black money,

tips. The amount of money collected is nowhere near

the amount reported for tax. So the Government is once

again going to have to borrow an insane amount of money to

pay for the 1 in 7 people that now work for the US

Government.

snr-moment

Meh. Nothing the

TPP won't fix!!

all-priced-in

Make me - no

change that to - Manufacture me a sandwich and a

Scotch and water -

Just reclassify these jobs as manufacturing - problem

solved.

Sudden Debt

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7/18/2019 Since 2007_ 1.4 Million Manufacturing Jobs Lost; 1

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07/08/2015 Since 2007: 1.4 Million Manufacturing Jobs Lost; 1.4 Million Waiter/Bartender Jobs Gained | Zero Hedge

http://www.zerohedge.com/news/2015-08-07/holy-grail-americas-new-economy-waiter-bartender-jobs-have-increased-64-past-65-mont 6/6

10:30 | 6401102

Fri, 08/07/2015 -

10:31 | 6401106

AND I STILL

NEED TO WAIT

20 MINUTES BEFORE THEY BRING ME MY

FUCKING BEER!!

NOW YOU SEE WHY I'M UPSET??!!!

B2u

Good! I need

someone to serve me at the bar when I use my SNAPcard.

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