Saturday, January 7, 2012

Employment Change by Sector, November-December 2011

The 200,000 jobs gained in December were distributed by sector as shown in the following graphic:



Notable this month is the gain in every private sector of the economy—a first since I began publishing such details on LaMarotte. Government still showed a loss of 12,000 jobs. The massive gainer in employment was the Transportation and Warehousing sector. Here is the detail of the industries that it contains:

Transportation and warehousing
50.2
     Air transportation
0.8
     Rail transportation
0.5
     Water transportation
0.7
     Truck transportation
5.1
     Transit
-0.4
     Pipeline transportation
0.8
     Scenic and sightseeing
-0.4
     Support activities
-0.7
     Couriers and messengers
42.2
     Warehousing and storage
1.6

The real growth here came from courier and messenger services—the categories where UPS and FedEx belong. That number probably highlights a major change in Christmas season purchasing behaviors—and indirectly points to the increasing importance of Internet retail.

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