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Tuesday, June 26, 2012

How Many Jobs Created in 2012 to date? (May update)

How many jobs were created in all of 2012 to date, from December 2011 through May 2012?   823,000

How many private-sector jobs have been created in 2012?   847,000

How many more people working in all of 2012 to date, from December 2011 through May 2012?  
1,497,000 


Have jobs been lost in 2012?  NO.  I'll repeat that:
NO jobs have been lost (net) in 2012.

  • In seasonally adjusted numbers, 823,000 jobs have been CREATED in 2012.  That's 165,000 jobs ADDED per month in 2012.
  • In "raw" unadjusted numbers, 762,000 jobs have been CREATED in 2012.  That's 152,400 jobs ADDED per month in 2012.
  • In terms of total jobs and private-sector jobs, we have ONLY JOB GAINS in 2012.  
How many private-sector jobs were created in all of 2012, from December 2011 through May 2012?  Have private-sector jobs been created or  lost in 2012?

  • In seasonally adjusted numbers, 847,000 private-sector jobs have been CREATED or ADDED in 2012.  That's 169,000 NEW private-sector jobs per month in 2012 as of May 2012.
  • In "raw" unadjusted numbers, 705,000 private-sector jobs have been GAINED, CREATED, or ADDED in 2012.  That's 141,000 NEW private-sector jobs per month as of May 2012.

How many government jobs were created in all of 2012, from December 2011 through May 2012?  Have government jobs been created or lost in  2011?
  • In seasonally adjusted numbers, 24,000 government jobs have been  LOST in 2012.  That's  5,000 government jobs LOST per month in 2012.
  • In "raw" unadjusted numbers, 57,000 government jobs have been GAINED in 2012.  That's 11,400 government jobs GAINED per month in 2012.
How many more people are working in all of 2012, from December 2011 to May 2012?
  • In seasonally adjusted numbers, 1,497,000 MORE people are working now vs. December of 2011.  That's 299,400 NEW workers each month of 2012 to date.
  • In "raw" unadjusted numbers, 2,046,000 MORE people are working now vs. December 2011.  That's 409,000 NEW workers each month of 2012 to date.
 Have jobs or workers been lost in 2012? 
  • In 2012, we have had ONLY NET GAINS in total jobs, private sector jobs and in all measures of workers.  
  • We have had losses in the number of seasonally adjusted government jobs since December 2011.    
  • To reiterate, in terms of private jobs, we have ONLY JOB GAINS in 2012.  

How many jobs total were created over the past three months from February 2012 to May 2012?
  • In seasonally adjusted numbers, 289,0000 jobs have been CREATED in the last three months.  That's 96,000 MORE jobs a month since February 2012.
  • In "raw" unadjusted numbers,  2,517,000 jobs have been CREATED in the last three months.   That's an INCREASE of 839,000 jobs a month since February 2012.  

How many private-sector jobs were created over the past three months from February 2012 to May 2012?
  • In seasonally adjusted numbers, 316,0000 private jobs have been CREATED in the last three months.  That's 105,000 MORE private jobs a month since February 2012.
  • In "raw" unadjusted numbers,  2,450,000 jobs have been CREATED in the last three months.   That's an increase of 817,000 PRIVATE jobs a month since February 2012.

How many more people are working over the past three months, from February 2012 to May 2012?
  • In seasonally adjusted numbers, 222,000 MORE people are working now vs. December of 2011.  That's 74,000 new workers for each of the past three months, from February to May 2012.
  • In "raw" unadjusted numbers, 2,043,000 MORE people are working now vs. February 2012.  That's 408,500 new workers per each of those 3 months.
How many jobs were created over the past year, from May 2011 to May 2012?
  • In seasonally adjusted numbers, 1,782,000 new jobs were created over the past year.  That's 149,000 MORE jobs per month.
  • In "raw" unadjusted numbers,  1,838,000 jobs have been created in the past year.  That's 153,000 MORE jobs per month.

How many private sector jobs were created over the past year, from May 2011 to May 2012?
  • In seasonally adjusted numbers, 1,943,000 new private jobs were created over the past year.  That's 162,000 MORE jobs per month.
  • In "raw" unadjusted numbers,  1,983,000 private jobs have been created in the past year.  That's 165,000 MORE jobs per month.

How many more people are working over the past year, from May 2011 to May 2012?
  • In seasonally adjusted numbers, 2,479,000 MORE people are working now vs. May of 2011.  That's 207,000 new workers per each month over the past year, since May 2011.
  • In "raw" unadjusted numbers, 2,699,000 MORE people are working now vs. May 2011.  That's 225,000 new workers now vs. May 2011.



How many jobs have been created since the "trough" of the recession in late 2009/early 2010 to now, May 2012?  How many more people working since that time?


    How many jobs were created in the last month, May 2011?

    What gets counted as "jobs" and who gets counted as "working"?

    You will see reports here for both the number of "jobs" and the number of people "working". There are two parts of the BLS numbers: The "jobs numbers" refer to the Establishment Report; that is, employing "establishments". This is basically who they include and exclude: "Employment data refer to persons on establishment payrolls who received pay for any part of the pay period that includes the 12th day of the month. Data exclude proprietors, the unincorporated self-employed, unpaid volunteer or family workers, farm workers, and domestic workers. Salaried officers of corporations are included. Government employment covers only civilian employees; military personnel are excluded. Employees of the Central Intelligence Agency, the National Security Agency, the National Imagery and Mapping Agency, and the Defense Intelligence Agency also are excluded." (Found HERE.)

    Therefore, independent contractors who are paid as 1099 employees would NOT be included in those numbers, neither would people starting their own small businesses, whether incorporated self-employed or non-incorporated self-employed. Farmers would also NOT be considered in the monthly "jobs" reports.
    However, the Current Population Survey counts people from their own perspective; in other words, it doesn't talk to employers, it talks to people. It asks people if they are working for money in any given month. This is the study from which we get the unemployment rate and the number of people "working". Independent contractors are included in that count. 

    The count of people who are employed is always higher by some 9,000,000 people as it includes farmers and people who are self-employed along with a few other groups of people.There were about 9,400,00 unincorporated self-employed workers in May 2012, so this is where independent contractors would be reported.
    (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.)

    2 comments:

    1. how can there be more private sector jobs (847,000) than jobs (823,000) created in 2012?

      ReplyDelete
    2. The 823,000 jobs is a total of both private and government jobs lost/created. We lost 24,000 governmentjobs. So.... 847,000 private sector jobs gained minus 24,000 government sector jobs lost is 823,000 jobs gained in total.

      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.