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Tuesday, November 8, 2011

Private & Govt Jobs Lost Gained Under Obama (October update)




The following numbers are those of October 2011.  For current numbers, please click one of the above links.


How many jobs (total, private, and government) have been lost or gained since Obama was inaugurated?  
  • 4,303,000 jobs (in seasonally adjusted numbers) were LOST in TOTAL from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.2%. 
  • 2,270,000 jobs (in seasonally adjusted numbers) were CREATED from the "trough" of the recession until now, October 2011.  That's an increase of 1.8%.
  • In total, 2,033,000  jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, October 2011.  That's a decrease of 1.5%. 
  • We have experienced 13 months WITHOUT job losses since September 2010.  We have ADDED 1,672,000 jobs during those 13 months. 






How many PRIVATE sector jobs have been lost or gained since Obama was elected?
  • 4,189,000 private-sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.8%.
  • 2,765,000 private-sector jobs (in seasonally adjusted numbers) were GAINED OR CREATED from the "trough" of the recession until now, October, 2011.  That's an increase of 2.6%.
  • In total,1,424,000 private sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, October 2011.  That's a net decrease of 1.3%. 
  • We have experienced 20 months of positive private-sector job GROWTH from February 2010 until October 2011.  We have added 2,765,000 private-sector jobs during those 20 months.    

How many GOVERNMENT jobs have been lost or gained since Obama was elected?
  • 114,000 government jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of  .5%  (half of a percent). 
  • 495,000 government jobs (in seasonally adjusted numbers) were LOST from the "trough" of the recession until now, October, 2011.  That's a decrease of 2.2%.
  • In total, 609,000 government jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, October 2011.  That's a decrease of 2.7%. 
  • We have experienced decreases in the number of government jobs in 16 out of the last 17 months, starting in June 2010, when 2010 Census workers began to be laid off.  
(Note:  All of my employment number reports are based on monthly reports and data published by the Bureau of Labor Statistics.  Monthly numbers reports are based on the current monthly Employment Situation Report.  Historical numbers are taken from various archived Employment Situation reports as indexed HERE.  The Employment Situation report includes month over month and year over year jobs numbers.  My analysis is taken from the monthly BLS data copied to an Excel spreadsheet every month.  I calculate detailed percentage increases/decreases, 3 month numbers, 2011 to date numbers, and I compare jobs numbers to those at the time of Obama's inauguration and at the "trough" of the recession.  Specifics will be provided upon request; please email me or leave a comment.)

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