NOV Fri, Dec 2: +178,000 jobs. Unemployment rate drops to 4.6%.NOV details here!.. Jobs since Obama took office?... Unemp. rate under Obama?

Wednesday, April 11, 2012

Private & Government Jobs Gained & Lost Under Obama (March 2012 update)

Private, Government Jobs Gained & Lost (May 2012 update) 


Private Jobs Loss & Growth Since 2008 (as of May 2012)


June unemployment rate and jobs numbers will be released Friday, July 6.  



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%. 
  • 3,577,000 jobs (in seasonally adjusted numbers) were CREATED from the "trough" of the recession until now, March 2012.  That's an increase of 2.77%.
  • In total, 740,000  jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, March 2012.  That's a decrease of 0.55%. *
  • We have experienced 18 months WITHOUT job losses since September 2010.  We have ADDED 2,936,000 jobs during those 18 months. 
  • We now have 132,821,000 TOTAL non-farm jobs.  


    *Though, as of March 2012, we still have fewer jobs (in adjusted numbers) than when President Obama took office, jobs are being added at a faster clip under Obama than under George Bush at the same time in his presidency.  At this point in Bush's presidency (March 2004), there were still 1,664,000 fewer jobs than when he was inaugurated in January 2001 (compared to 740,000 fewer for Obama).  The number of jobs didn't eclipse the number when Bush was first inaugurated until February 2005, in Bush's second term.    




    How many PRIVATE sector jobs have been lost or gained since Obama was inaugurated?
    • 4,213,000 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%.
    • 4,052,000 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 3.8%.
    • In total, 161,000 private sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, February 2012.  That's a net decrease of 0.15%. *
    • We have experienced 25 months of positive private-sector job GROWTH from February 2010 until March 2012.  We have added 4,052,000 private-sector jobs during those 25 months.    
    • We now have 110,824 PRIVATE sector non-farm jobs.

    *Though, as of March 2012, we still have fewer private-sector jobs (in adjusted numbers) than when President Obama took office, jobs are being added at a faster clip under Obama than under George Bush at the same time in his presidency.  At this point in Bush's presidency (March 2004), there were still 2,417,000 fewer private sector jobs than when he was inaugurated in January 2001 (compared to 161,000 fewer for Obama).  The number of private-sector jobs didn't eclipse the number when Bush was first inaugurated until June 2005, in Bush's second term.  

    How many GOVERNMENT jobs have been lost or gained since Obama was inaugurated?
    • 108,000 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). 
    • Another 477,000 government jobs (in seasonally adjusted numbers) were LOST from the "trough" of the recession until now, March 2012.  That's a decrease of 2.12%.
    • In total, 579,000 government jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, March 2012.  That's a decrease of 2.56%. 
    • We have experienced decreases in the number of government jobs in 18 out of the last 22 months, starting in June 2010, when the layoff of 2010 Census workers began.  
    • We now have 21,997,000 GOVERNMENT non-farm jobs, not including people in the military.  (Civilians employed by the U.S. and working for the military are counted.)
    (Note:  Current numbers taken from the March 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.)

    1 comment:

    1. Thank you, very informative and much appreciated.

      ReplyDelete

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