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Friday, February 3, 2012

How Many Jobs Were Created in January 2012?

243,000 new jobs were created in the month of January 2012.

The private sector generated 257,000 new jobs, but the government sector continued to shed jobs, 14,000 jobs, in January 2012.


847,000 more people reported themselves as working in January 2012.





The unemployment rate dropped two-tenths of one percent to 8.3%, declining from 8.5% in December.  The unemployment rate exceeded or equaled 9.0% for 8 months in 2011.  The last time that the unemployment rate was at or below 8.5% was February 2009.  The decrease this month was due primarily to people becoming employed, as the size of the civilian labor force increased and the number of people working increased.



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 January than there were in December 2011?


Let's look:

How many more private sector jobs are there in January 2012 than there were in December 2011?
  • 257,000 MORE private-sector jobs in seasonally-adjusted numbers were reported by employers now than in December.
  • 2,211,000 FEWER private-sector jobs in "raw" actual numbers not adjusted for seasonal variation were reported by employers now than in December.  (In other words, private employers are saying that they have actually employed a whopping 2,211,000  fewer people in January than in December. Despite a decline in "real" jobs, seasonally adjusted numbers show an increase because jobs almost always decrease between December and January.  Jobs this month have decreased much less than is usual for a January.)   


How many more (or fewer) government jobs are there in January 2012 than in December 2011?
  • 14,000 FEWER government jobs in seasonally-adjusted numbers were reported by government employers at all levels (federal, state, and local) now than in December 2011.
  • 478,000 FEWER government jobs in "raw" actual numbers not adjusted for seasonal variations were reported by government employers at all levels now than in December.  

How many more people are reporting themselves as working in January 2012 than in December 2011?
  • 847,000 MORE people reported themselves as working in seasonally-adjusted numbers than were working in December.
  • 737,000 FEWER people reported themselves as working in "raw" actual numbers not adjusted for seasonal variations than were working in December.
(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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