With the exception of weekly indicators, normally we don't post over the weekend. But this is too significant in my opinion to wait until Monday.

Employment can be broken down into private vs. public sector, and the private sector can be further divided into goods-producing vs. services. The simple fact is, that with Friday's employment report, private service sector jobs have made up their entire losses from the Great Recession. Ninety percent of the remaining job losses are concentrating in the goods-producing construction and manufacturing sectors, with the remaining 10% from government job cuts.