JUNE# released Fri, July 8: +287,000. Unemployment rate up to 4.9%. JUNE details here!.. Jobs since Obama took office?... Unemp. rate under Obama?

Saturday, July 23, 2016

How Many Jobs Were Created in 2016

Total Jobs Created/Lost In 2016 as of June 2016:

  • 1,029,000 payroll jobs have been ADDED in 2016 in seasonally adjusted numbers.
  • That's an additional 172,000 jobs per month in 2016.
  • 950,000 private payroll sector jobs have been ADDED in seasonally adjusted numbers.
  • That's an additional 158,000 private jobs per month in 2016.
  • 79,000 government sector (federal, state, and local) jobs have been ADDED in seasonally adjusted numbers so far in 2016. 
  • That's an addition of 13,000 government jobs per month in 2016.
  • 1,168,000 MORE people are employed.  ("Employed" numbers include people who are self-employed and people working in agriculture.  This number is reported by workers; the "jobs" numbers are reported by employers. )
  • That's an additional 195,000 people employed each month so far in 2016.
  • 983,000 MORE people are working full-time so far in 2016.
  • 86,000 MORE people are working part-time so far in 2016.
  • These are NET numbers, meaning they are the numbers of jobs ADDED after all jobs LOST are subtracted.  
  • Breakdown of the 93,000,000-94,000,000 "record number" of people "not working" HERE.  

Thursday, July 21, 2016

What was the unemployment rate when Obama took office and Bush left office? (Updated for June 2016)

What was the unemployment rate when Bush left office and Obama was inaugurated?  7.8% 

What was unemployment when Obama took office?  How many people were unemployed?  Read below

What was the unemployment rate after Obama's first full month in office (February 2009)?  8.3%

What was the unemployment rate at peak?  10.0%

What is today's (June 2016's) unemployment rate?   4.9%  

All Latest Jobs and Unemployment Reports HERE

How many people were looking for work when Obama was inaugurated; how many were working?  And how many people are looking for work and how many are employed now?

  • Read below the graph.

  • The following chart shows the unemployment rate in three month intervals plus month-by-month for the latest months:


Tuesday, July 19, 2016

How Many Jobs Has Obama Created or Lost? (June 2016 Update)

How many NET jobs created or lost under Obama* as of June 2016? How many private sector jobs have been lost or added during Obama's presidency?

How many new jobs in the last 7 1/2 years since Obama was inaugurated?  How many Americans were working or employed when Obama took office... compared to now?


June 2016 numbers were released Friday morning, July 8th.  JUNE reports and info HERE.


Continue below...

Monday, July 18, 2016

Full-Time Job Growth? Who has the better record? Democrats or Republicans?

Who do YOU trust to grow the number of jobs in this country?

CNN just floated a poll which shows that Trump has an 8% advantage over Clinton when it comes to the economy?!?!? What kind of idiocy is that? We were losing 800,000 jobs a month (net) when Obama took over! 

Now we have the highest number of job openings EVER and the lowest number of people filing for initial unemployment benefits in 40 (FORTY) years!

But people trust Trump and the Republicans on the economy? Here's a quick simple graph:  If you care about full-time job growth, you can easily see which party has the best record (as a percent) of growth in full-time jobs over the last 50 years.  Look at this chart and then answer that question at the top again:  Who do you trust to grow the number of full-time jobs in this country?

Share widely, especially with your Republican-leaning friends. The propaganda is absurd. (You may have to click on the graph to get a good look at it.)

Friday, July 8, 2016

June 2016 Unemployment Rate, Jobs

The June 2016 Jobs Reports was released by the government's Bureau of Labor Statistics this morning, Friday, July 8.  It appears to have been completely overlooked in the wake of the tragedy in Dallas, Texas, last night and earlier this morning in which at least 5 police officers were killed. 

The economy added 287,000 jobs, a very large, strong number, making up for the mediocre reports of April and May.  265,000 private sector jobs were added.  22,000 government jobs were added.  The pundits expected only 175,000 new jobs, so this report blew those projections out of the water.

Job growth was strongest in food manufacturing, retail trade, information (as communication workers returned to work after a strike against Verizon), professional and business services (particularly temporary help services), health care, social assistance, leisure and hospitality (particularly food service).  Job growth, however, was spread across the board in June.  

The anemic initial estimates of May (only 38,000 new jobs) were revised downward to only +11,000, but the April numbers were revised from +123,000 to +144,000.

The unemployment rate increased two-tenths of a percent to 4.9% (from 4.7% in May) due to an increase of 414,000 in the labor force.  The number of people unemployed increased 347,000 and the number of people employed increased 67,000. The labor force participation rate increased by one-tenth of a percent.

More details and reports later.

Thursday, July 7, 2016

Weekly Initial Unemployment Claims as of July 2, 2016

Let's make sure that no one forgets how bad things were at the end of the last Republican administration. 

This quick little graph shows initial weekly unemployment claims from 2005 until now. (The latest numbers were released this morning, Thursday, July 7.) We now have 70 weeks of initial weekly unemployment claims below 300,000... The last time we had such a run of low initial claims was 1973!!

Keep the Republicans out of the White House, and let's toss them out of Congress. Enough already.

Initial Weekly Unemployment Claims from 2005 until July 2, 2016

Friday, June 3, 2016

Does Anybody Care About Jobs Numbers Anymore?

Another first Friday of the month, and another jobs report to be released any minute.

When I first started paying attention to jobs numbers we were losing hundreds of thousands of them every month.  And the initial BLS monthly estimates were often underestimating the number of jobs we were actually losing!
How many jobs did we lose in late 2008 and early 2009?
The numbers are still staggering.

From November 2008 through the first six months of 2009:  

  • November 2008:  769,000 jobs lost
  • December 2008:  695,000
  • January 2009:      791,000 
  • February 2009:    703,000
  • March 2009:        823,000
  • April 2009:           686,000
  • May 2009:            351,000
  • June 2009:          470,000
These are net job losses, which means that even though some people were still being hired, many hundreds of thousands more were losing their jobs every month.  In fact, from late 2008 throughout 2009, over 2.5 million people lost their jobs, went from employed to unemployed, every month.  Now only about 1.7 million are going from employed to unemployed every month, and that is the lowest number of people losing their jobs since the Clinton years in the late 1990's. 

The misery of the recession.

We didn't start adding jobs again until early 2010.  It's painful to remember the misery of those years; the number of people trying desperately to hang onto their jobs, their homes, their dignity.  There are few things worse, other than serious chronic illness, than trying to find an income and keep the heat on and keep a roof over your head.  It's degrading and demoralizing.  

The highlight of the month

So the highlight of the month became the monthly jobs reports.  The Republicans picked endlessly at Obama and the Democrats because the numbers weren't turning around fast enough for them (even though the jobs numbers almost ALWAYS do better under Democratic administrations, this going back decades).  They then started lying about the jobs numbers; saying the "real" unemployment rate was the alternate unemployment rate or that seasonal adjustments were wrong, inferring that Obama was somehow forcing the Bureau of Labor Statistics to lie about the monthly jobs numbers.

But here we are, seven and a half years later.  We have something like 14 million more jobs than we did at the "trough" of the recession back in early 2010.  We have about half the number of people unemployed that we used to, and finally, after years of stagnation, the inflation-adjusted hourly and weekly wage for non-supervisory and production workers (that is, regular workers) has actually turned the corner and is headed back up.  People are now earning about what they were earning in the late 1970's.  That's an improvement.  

We aren't there yet; this recession was miserable, and many older people, many Baby Boomers who lost their jobs and their retirement savings in the recent abyss simply don't have enough time to recover.  Many usually-middle class people got to see what it was like to live as the poor and working poor among us have lived for ages.. and it wasn't very pleasant.  Foreclosure servings, electric trucks in the alley turning off someone's electricity for non-payment, water and gas shutoffs, counting change to buy groceries or gas:  These are not things that any person who has worked his/her whole life should ever have to experience.  Not in the United States.

Let's just all hope that these horrors will never happen again. 

And now?

The jobs numbers for May 2016 were just released and they are a mixed bag:  Only 38,000 new jobs, much lower than expected, but the unemployment rate declined by .3%, which is a big drop.  The big drop mostly occurred because people left the labor force.  The Baby Boomers are retiring, and they are retiring in droves.  Every month for the past two years or so, well over 4 million people who were employed dropped out of the labor force.  We don't know how many of those people are now permanently retired, but we can assume it is a big number, easily dwarfing the number of people who were not in the labor force but are now employed.

That's the bottom line:  Eight years ago things were miserable.  They were still miserable six years ago.  People waited impatiently for those monthly jobs numbers to find out if we really were making any progress.

Now?  People are retiring after 40 years of working.  And many of them STILL have adequate retirement income.  Unfortunately, many don't.

38,000 new jobs; unemployment drops to 4.7%.