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Tuesday, October 16, 2012

How Many Jobs Have Been Created in 2012 To Date? (September 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 September 2012?   1,314,000  (1,412,000 with benchmark revisions)

How many private-sector jobs have been created in 2012?   1,306,000  (1,417,000 with benchmark revisions) 

How many more people working in all of 2012 to date, from December 2011 through September 2012?  
2,184,000 


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.  




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 more people are working in all of 2012, from December 2011 to September 2012?
  • In seasonally adjusted numbers, 2,184,000 MORE people are employed now vs. December of 2011.  That's 242,700 MORE people employed  each month of 2012 to date.
  • In "raw" unadjusted numbers, 2,652,000 MORE people are employed now vs. December 2011.  That's 295,000 MORE people employed 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 very minor gains 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.

(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.)




  • In seasonally adjusted numbers, 1,314,000 jobs have been CREATED in 2012.  That's 146,000 jobs ADDED per month in 2012.  (1,412,000 have been created in 2012 with benchmark revisions.  That's 157,000 added per month in 2012 with revisions.)
  • In "raw" unadjusted numbers, 832,000 jobs have been GAINED in 2012.  That's 92,000 jobs GAINED per month in 2012.   (929,000 have been created in 2012 with benchmark revisions.  That's 103,000 added per month in 2012 with revisions.) 
  • 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 nuxxmbers.  This is typical for September as most government workers, primarily in education, who were laid off for the summer have not yet xxreturned to work in SepteAugust.  Generally these jobs are added back in Sepxxtember.

How many private-sector jobs were created in all of 2012, from December 2011 through September 2012?  Have private-sector jobs been created or  lost in 2012?
  • In seasonally adjusted numbers, 1,2xx07,000 private-sector jobs have been CREATED or ADDED in 2012.  That's 15xx1,000 NEW private-sector jobs per month in 2012 as of September 2012.
  • In "raw" unadjusted numbers, 1,7xx17,000 private-sector jobs have been GAINED, CREATED, or ADDED in 2012.  That's 21xx5,000 NEW private-sector jobs per month as of September 2012.

How many government jobs were created in all of 2012, from December 2011 through September 2012?  Have government jobs been created or lost in  2012?
  • In seasonally adjusted numbers, 93,xx000 government jobs have been  LOST in 2012.  That's  12xx,000 government jobs LOST per month in 2012.
  • In "raw" unadjusted numbers, 1,5xx90,000 government jobs have been LOST in 2012.  That's 19xx9,000 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. 

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