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Tuesday, February 12, 2013

How Many Jobs Were Created or Lost in January 2013?


157,000 new jobs were CREATED or ADDED in the month of January 2013.

The private sector generated 166,000 new jobs, but the government sector continued to shed jobs, 9,000 jobs, in January 2013.

17,000 more people reported themselves as working in January 2013. 

The unemployment rate increased slightly to 7.9% in January 2013.  The unemployment rate exceeded or equaled 8.0% for 8 months during 2012.   The unemployment rate stayed the same despite more jobs and more people employed because more people entered the labor force and started looking for jobs.  This is a positive trend.


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 January 2013 than there were in December 2012?

Let's look:


But what about those 2.8 million jobs lost in January?  Isn't that horrible?  Isn't somebody LYING?

Well, NO--  Check back for the explanation in a few hours.   


How many more private sector jobs are there in January than there were in December 2012?
  • 166,000 MORE private-sector jobs in seasonally-adjusted numbers were reported by employers now than in December.
  • 2,345,000 FEWER private-sector jobs in "raw" actual numbers not adjusted for seasonal variation were reported by employers now than in December.  (Several million jobs are ALWAYS lost in January due mostly to holiday layoffs.  This is a below average decrease of jobs in January compared to the past 12 years; in other words, we have done better in terms of the number of jobs dropping off in January this year than the average drop off for the past 12 years.)   

How many more (or fewer) government jobs are there in January than in December 2012?
  • 9,000 FEWER government jobs in seasonally-adjusted numbers were reported by government employers at all levels (federal, state, and local) now than in December.
  • 70,000 FEWER government jobs in "raw" actual numbers not adjusted for seasonal variations were reported by government employers at all levels now than in December.  

How many more people are reporting themselves as working in January than in December 2012?
  • 17,000 MORE people reported themselves as working in seasonally-adjusted numbers than were working in December.
  • 1,446,000 FEWER people reported themselves as working in "raw" actual numbers not adjusted for seasonal variations than were working in December.
(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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