Do you remember the promise of the New Economy that was going to replace the lost \u201cdirty fingernail\u201d manufacturing jobs with innovative highly paid New Economy jobs? Well, the promise was just another deception from the elites who have stolen Americans\u2019 future.<\/p>\n
For the umpteenth consecutive month and year, the June BLS payroll jobs report (released on July 5) shows that the US economy has created no such jobs. The same old tired categories account for the same old lowly paid new domestic service jobs.<\/p>\n
Of the 195,000 new private sector jobs alleged to have been created, 75,000 or 38% are accounted for by the category \u201cleisure and hospitality.\u201d Within this category there were 52,000 new waitresses and bartenders, and 19,000 jobs in \u201camusements gambling, and recreation.\u201d<\/p>\n
Retail trade added 37,000 employees. Is your local shopping center that busy?<\/p>\n
Wholesale trade added 11,000.<\/p>\n
Zero Hedge points out that the retail and wholesale jobs numbers seem inconsistent with the latest report from the Institute of Supply Management, which shows a sharp drop in new order components and business activity.<\/p>\n
http:\/\/www.zerohedge.com\/news\/2013-07-03\/non-manufacturing-ism-crashes-lowest-february-2010-new-orders-devastated-july-2009-l<\/a><\/p>\n Perhaps the New Economy\u2019s inefficiency requires more people to sell less.<\/p>\n Professional and business services added, allegedly, 53,000 jobs, which are largely building management services, janitors, employment services, and temporary help.<\/p>\n Ambulatory health care services added 13,000 jobs.<\/p>\n Financial activities allegedly added 17,000 jobs despite the Bank of America moving its property appraisals to India.<\/p>\n