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Friday, December 2, 2011

How Many Jobs Were Created in November 2011?





120,000 new jobs were created in the month of November 2011.

The private sector generated 140,000 new jobs, but the government sector continued to shed jobs, 20,000 jobs, in November 2011.


278,000 more people reported themselves as working in November 2011. 

          
The unemployment rate dropped four-tenths of one percent to 8.6%, declining from 9.0% in October.  The unemployment rate has exceeded or equaled 9.0% for 7 months this year.  The last time that the unemployment rate was at or below 8.6% was March 2009.  Though this is a big step in the right direction, much of the improvement in the unemployment rate this month was due to people dropping out of the labor force.  The size of the civilian labor force (consisting of people working and people actively looking for work) had been increasing for most of the this year. 


How many more or fewer people are working this month?  How many more or fewer jobs are there this month?  Were jobs lost or gained?

How many more jobs are there in November than there were in October 2011?


Let's look:

How many more private sector jobs are there in November than there were in October 2011?
  • 100,000 MORE private-sector jobs in seasonally-adjusted numbers were reported by employers now than in September.
  • 234,000 MORE private-sector jobs in "raw" actual numbers not adjusted for seasonal variations were reported by employers now than in October.  (In other words, private employers are saying that they have actually employed 234,000 more people in November than in October.) 


How many more (or fewer) government jobs are there in November than in October 2011?
  • 20,000 FEWER government jobs in seasonally-adjusted numbers were reported by government employers at all levels (federal, state, and local) now than in October.
  • 105,000 MORE government jobs in "raw" actual numbers not adjusted for seasonal variations were reported by government employers at all levels now than in October.  

How many more people are reporting themselves as working in November than in October 2011?
  • 278,000 MORE people reported themselves as working in seasonally-adjusted numbers than were working in October.
  • 83,000 MORE people reported themselves as working in "raw" actual numbers not adjusted for seasonal variations than were working in October.
(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 monthly Employment Situation Report.  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.)

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