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Friday, February 10, 2012

Private & Government Jobs Gained or Lost Under Obama? (January 2012 update)

JUNE 2013 BLS Jobs Numbers and Unemployment Rate were released today, Friday, July 5th.  Details and links HERE!!

This report has been updated for JUNE 2013 HERE!!

Latest (All 2013, 2012, & 2011 Updates) HERE!

The following numbers are as of January 2012.  For current numbers and reports, please click one of the links above.

How many jobs (total, private, and government) have been lost or gained since Obama was inaugurated?  

  • 4,317,000 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%. 
  • 3,165,000 jobs (in seasonally adjusted numbers) were CREATED from the "trough" of the recession until now, January 2012.  That's an increase of 2.45%.
  • In total, 1,152,000  jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, January 2012.  That's a decrease of 0.86%. 
  • We have experienced 16 months WITHOUT job losses since September 2010.  We have ADDED 2,524,000 jobs during those 16 months. 
  • We now have 132,409,000 TOTAL non-farm jobs.  

How many PRIVATE sector jobs have been lost or gained since Obama was elected?
  • 4,212,000 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%.
  • 3,663,000 private-sector jobs (in seasonally adjusted numbers) were GAINED OR CREATED from the "trough" of the recession until now, January 2012.  That's an increase of 3.43%.
  • In total, 549,000 private sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, January 2012.  That's a net decrease of 0.49%. 
  • We have experienced 23 months of positive private-sector job GROWTH from February 2010 until January 2012.  We have added 3,663,000 private-sector jobs during those 23 months.    
  • We now have 110,436,000 PRIVATE sector non-farm jobs.

How many GOVERNMENT jobs have been lost or gained since Obama was elected?
  • 105,000 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  .47%  (about half of a percent). 
  • 498,000 government jobs (in seasonally adjusted numbers) were LOST from the "trough" of the recession until now, January 2012.  That's a decrease of 2.22%.
  • In total, 603,000 government jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, January 2012.  That's a decrease of 2.67%. 
  • We have experienced decreases in the number of government jobs in 18 out of the last 20 months, starting in June 2010, when the layoff of 2010 Census workers began.  
  • We now have 21,973,000 GOVERNMENT non-farm jobs, not including people in the military.  (Civilians working for the military are counted.)
Notes:  Current numbers taken from the January Bureau of Labor Statistics Employment Situation Report.  Historical numbers taken from various archived Employment Situation reports as indexed HERE. Specifics will be provided upon request; please email me or leave a comment.

5 comments:

  1. The number of jobs you quote are a bit misleading. The number of private sector jobs is a net positive.

    You are quoting government jobs which I think are dubious. They are real jobs but subject to issues like tax hikes.

    ReplyDelete
  2. Your comment is a bit confusing. I quote private jobs, government jobs, and total jobs. And government jobs are still government jobs, are they not? People can pay their bills with the money they get from government jobs, right? Why would you not count them as jobs?

    ReplyDelete
  3. haha, of course government jobs are JOBS!! lolol!! It's good to see they have decreased since they come at the cost of the taxpayer :)

    ReplyDelete
  4. Unfortunately, most of the government job cuts have come at the local level, including about 250,000 cuts in local education, meaning teachers who teach at the primary, high school, and community college level. How can having 35 or 40 or more kids in a first grade class be a good thing?

    ReplyDelete
  5. In Florida, the student age population has decreased by a quite a large bit. The closing of the schools no longer needed and laying off the teachers, staff, etc. is most unfortunate but why would you not down size to fit the new population numbers? I hate anyone losing ther job but it is the prudent thing to do with tax payer money. Why is the govt. sector any different than the private sector?

    ReplyDelete

I appreciate intelligent comments and questions, including those that are at odds with anything posted here. I have elected not to screen comments before they are published; however, any comments that are in any way insulting, caustic, or intentionally inflammatory will be deleted without notice. Spam will also be immediately deleted.