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Friday, March 29, 2013

How Many Jobs Were Created or Lost in February 2013?



MAY 2013 BLS Jobs Numbers and Unemployment Rate Were Released Friday, June 7th.  Check HERE for detail.

How Many Jobs Created in all of 2013 to date?



236,000 new jobs were CREATED or ADDED in the month of February 2013.

The private sector generated 246,000 new jobs, but the government sector continued to shed jobs, 10,000 jobs, in February 2013.

170,000 more people reported themselves as working in February 2013. 

The unemployment rate decreased to 7.7% in February 2013.  The unemployment rate has been lower than 8.0% for 6 months in a row now.   The unemployment rate declined because: 1)  More people found work and 2)  Many young people 16 to 24 years of age left the labor force.  Many of these young people entered or re-entered school.


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 February 2013 than there were in January 2013?

Let's look:

How many more private sector jobs are there in February than there were in January 2013?

How many more (or fewer) government jobs are there in February than in January 2012?
  • 10,000 FEWER government jobs in seasonally-adjusted numbers were reported by government employers at all levels (federal, state, and local) now than in January.
  • 447,000 MORE government jobs in "raw" actual numbers not adjusted for seasonal variations were reported by government employers at all levels in February vs. January.  

How many more people are reporting themselves as working in February than in January 2013?
  • 170,000 MORE people reported themselves as working in seasonally-adjusted numbers than were working in January.
  • 614,000 MORE people reported themselves as working in "raw" actual numbers not adjusted for seasonal variations than were working in January.
  • 77,000 FEWER people reported themselves as working full-time in seasonally adjusted numbers in February vs. January.
  • 102,000 MORE people reported themselves as working part-time in seasonally adjusted numbers in February vs. January.
(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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