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Monday, March 12, 2012

How Many Jobs Were Created in February 2012?

227,000 new jobs were created in the month of February 2012.

The private sector generated 233,000 new jobs, but the government sector continued to shed jobs, 6,000 jobs, in February 2012.


428,000 more people reported themselves as working in February 2012.



The unemployment rate remained stable at 8.3%, as people entered the labor force in February.  The unemployment rate exceeded or equaled 9.0% for 8 months in 2011, but has now been below 9.0% for 5 months in a row.  The last time that the unemployment rate was below 8.5% was January 2009.  Despite a significant increase in the number of people reporting themselves as working, the unemployment rate stayed the same because of the increase in the size of the civilian labor force due to people who began looking for work.



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 February than there were in January 2012?


Let's look:

How many more private sector jobs are there in Febraury 2012 than there were in January 2012?


How many more (or fewer) government jobs are there in February 2012 than in January 2011?
  • 6,000 FEWER government jobs in seasonally-adjusted numbers were reported by government employers at all levels (federal, state, and local) now than in January 2012.
  • 433,000 MORE government jobs in "raw" actual numbers not adjusted for seasonal variations were reported by government employers at all levels now than in January.  

How many more people are reporting themselves as working in February 2012 than in January 2012?
  • 428,000 MORE people reported themselves as working in seasonally-adjusted numbers than were working in January.
  • 740,000 MORE people reported themselves as working in "raw" actual numbers  not adjusted for seasonal variations than were working in January.
  • The civilian non-institutional population 16+ is estimated to have increased by 166,000 people in February.  The civilian labor force increased by 476,000 as more people looked for work or found employment.  An additional 59,000 people said that they were "not in the labor force" (in other words, either not working or not actively looking for work).     
(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, year 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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