Global Macro Monitor

Well, not really the postman — who is at high risk losing his/her job — but maybe FEDEX and UPS.   Note the second chart, government is the only industry that lost jobs.   As long as those jobs are not math or engineering teachers, probably not a bad thing from a macro/micro perspective, unless, of course, you’re the one losing the job.

We’ll take a look at the 2010 employment data to see how many of those jobs created were government/stimulus related.   Our priors — quite a bit!

The private sector are the true job creators,  while government jobs will be in secular decline, in our opinion.    We noticed the Drudgereport headline yesterday,   Drones not Marines,  as the new slimmed down defense strategy.

Nevertheless,  better numbers, better trend, but still tough times for manyAmericans out there, which isn’t fully reflected in the U3 employment data.  So let’s not get all lathered just yet.

Here is the BLS take:

In December, employment in transportation and warehousing rose sharply (+50,000). Almost all of the gain occurred in the couriers and messengers industry (+42,000); seasonal hiring was particularly strong in December.

(click here if charts are not observable)