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Monday, September 17, 2012

How Many Jobs Have Been Created in 2012 To Date? (August Update)

How Many Jobs Were Created or Lost in All of 2012?


This report has been updated.  Please click at the link above for updated information.


How many jobs were created in all of 2012 to date, from December 2011 through August 2012?   1,114,000

How many private-sector jobs have been created in 2012?   1,207,000

How many more people working in all of 2012 to date, from December 2011 through August 2012?  
1,311,000 


Have jobs been lost (seasonally adjusted numbers) in 2012?  NO.  I'll repeat that:  NO jobs have been lost (NET) in 2012. 

How many jobs (in seasonally adjusted numbers)have been lost in 2012?  NO jobs (NET) have been lost in 2012.  


This report has been updated.  Please click at the link below for updated information.

  • In seasonally adjusted numbers, 1,114,000 jobs have been CREATED in 2012.  That's 92,300 jobs ADDED per month in 2012.
  • In "raw" unadjusted numbers, 127,000 jobs have been GAINED in 2012.  That's 16,000 jobs GAINED per month in 2012.
  • In terms of seasonally adjusted total jobs and private-sector jobs, we have ONLY JOB GAINS in 2012, but JOB GAINS are lower in unadjusted numbers.  This is typical for August as most government workers, primarily in education, who were laid off for the summer have not yet returned to work in August.  Generally these jobs are added back in September.

How many private-sector jobs were created in all of 2012, from December 2011 through August 2012?  Have private-sector jobs been created or  lost in 2012?
  • In seasonally adjusted numbers, 1,207,000 private-sector jobs have been CREATED or ADDED in 2012.  That's 151,000 NEW private-sector jobs per month in 2012 as of August 2012.
  • In "raw" unadjusted numbers, 1,717,000 private-sector jobs have been GAINED, CREATED, or ADDED in 2012.  That's 215,000 NEW private-sector jobs per month as of August 2012.

How many government jobs were created in all of 2012, from December 2011 through August 2012?  Have government jobs been created or lost in  2012?
  • In seasonally adjusted numbers, 93,000 government jobs have been  LOST in 2012.  That's  12,000 government jobs LOST per month in 2012.
  • In "raw" unadjusted numbers, 1,590,000 government jobs have been LOST in 2012.  That's 199,000 government jobs LOST per month in 2012.  
  • Remember that most of the lost government jobs are due to summer layoffs in the education sector. This is typical for August as government workers, primarily in education, are laid off during the summer. 
How many more people are working in all of 2012, from December 2011 to August 2012?
  • In seasonally adjusted numbers, 1,311,000 MORE people are working now vs. December of 2011.  That's 164,000 NEW workers each month of 2012 to date.
  • In "raw" unadjusted numbers, 1,877,000 MORE people are working now vs. December 2011.  That's 235,000 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 seasonally adjusted total jobs, private sector jobs, and in all measures of workers.  
  • We have had losses in the number of government jobs since December 2011.    
  • To reiterate, in terms of private jobs, we have ONLY JOB GAINS in 2012.  
  • Please understand that people are laid off and people quit every month.  About 1,900,000 people have been laid off every month in 2012.  About 2,100,000 people have quit every month in 2012.  But about 4,200,000 have been hired every month in 2012.  When the number of people hired exceeds the number of "separations" (people who quit or are laid off), the jobs numbers go up.  When the number of people laid off plus the number of people who quit exceed the number of people hired, the jobs numbers go down.  That's what we mean by "NET" job numbers.

How many jobs total were created over the past three months from May 2012 to August 2012?  Private sector jobs over the past three months?  Government jobs over the past three months?  People working over the past three months?
How many jobs total were created over the past year from August 2011 to August 2012?  Private sector jobs over the past year?  Government jobs over the past year?  People working over the past year?
How many jobs have been created since the "trough" of the recession in late 2009/early 2010 to now, August 2012?  How many more people working since that time?

    How many jobs were created in the last month, August 2012?
    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:

    1) The "jobs numbers" or B tables refer to the Establishment Report; that is, employing "establishments". This is basically what is included and excluded in the Establishment report:

    "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.

    2)  
    However, the Current Population Survey (or A tables) 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 workers.  There were about 9,458,000 unincorporated self-employed workers in August 2012, so this is where independent contractors would be reported.  There were also about 5,366,000 incorporated self-employed workers in August 2012.
    (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.)





    How many jobs total were created over the past three months from May 2012 to August 2012?  Private sector jobs over the past three months?  Government jobs over the past three months?  People working over the past three months?
    How many jobs total were created over the past year from August 2011 to August 2012?  Private sector jobs over the past year?  Government jobs over the past year?  People working over the past year?

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