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Unemployment down 4.3%...JULY details HERE.. Jobs since Trump took office?... Unemp. rate under Trump? (not yet updated)

Friday, July 12, 2013

How Many Jobs Have Been Lost or Gained in the Past Year? (June 2012 through June 2013)

Note:  The following report, which provides year over year or current compared to prior year jobs data, is a new monthly feature at Molly's Middle America.
June 2013 BLS Jobs Numbers and Unemployment Rate Were Released Friday, July 5th.  Check HERE for details.

 new jobs were CREATED or ADDED during the past year, from June 2012 to June 2013.  

The private sector generated (added) 2,357,000 new jobs, but the government sector continued to shed (lose) jobs, 64,000 jobs, in year over year from June 2012 to June 2013.

1,266,000 MORE people reported themselves as working or employed, including people who are self-employed or working in agriculture, in the past year from June to June. 

The unemployment rate has declined from 8.2% in June 2012 to the current 7.6% in June 2013.  The decline has been due to an increase in the number of people employed (from 142,448,000 to 144,058,000) and a decrease in the number of people unemployed (from 12,701,000 to 11,777,000) while the Civilian Labor Force increased from 155,149,000 to 155,835,000 between June 2012 and June 2013.  The unemployment rate has been below 8.0% for 10 months in a row now.  

How many more or fewer people are working in June 2012 to June 2013? How many more or fewer jobs are there in June 2013 vs. June 2012? Were jobs lost or gained?

How many more jobs are there in June 2013 than there were in June 2012?

Let's look:

How many more private sector jobs are there in June than there were in June 2012?

How many more (or fewer) government jobs are there in June than in June 2012?
  • 64,000 FEWER government jobs in seasonally-adjusted numbers were reported by government employers at all levels (federal, state, and local) now than in June 2012.
  • 40,000 FEWER government jobs in "raw" actual numbers not adjusted for seasonal variations were reported by government employers at all levels in June 2013 vs. June 2012. 

How many more people are reporting themselves as working in June 2013 than in June 2012?
How many more people working full-time and part-time last month compared to the year before? 
  • 1,610,000 MORE people reported themselves as working in seasonally-adjusted numbers than were working in June 2012.
  • 1,639,000 MORE people reported themselves as working in "raw" actual numbers not adjusted for seasonal variations than were working in June 2012.
  • 1,392,000 MORE people reported themselves as working full-time in seasonally adjusted numbers in June 2013 vs. June 2012.
  • 195,000 MORE people reported themselves as working part-time in seasonally adjusted numbers in June 2013 vs. June 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, 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.)

1 comment:

  1. The actual unemployment rate is well over 12%. Please see Forbes article from 7/05/2013 http://www.forbes.com/sites/dandiamond/2013/07/05/why-the-real-unemployment-rate-is-higher-than-you-think/ by Dan Diamond. This is not new information and the actual work force is shrinking not growing. Please allow me to suggest doing a little more research next time and possibly resourcing your data. The lack of meaningful employment in this country is outrageous and the forecast for graduating college students is absolutely dreadful.


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