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Saturday, August 3, 2013

How Many Jobs Were Created or Lost in July 2013?



162,000
 new jobs were CREATED or ADDED last month, in the month of July 2013.  


The private sector generated (added) 161,000 new jobs and the government sector added (gained) 1,000 jobs in July 2013.

227,000 MORE people reported themselves as working in July 2013. 
         

The unemployment rate dropped to 7.4% in July 2013, due to an increase in the number of people employed (plus about 227,000) and a decrease in the number of people unemployed (minus about 263,000).  About 37,000 people left the labor force in July, the first decline in the size of the labor force in four months.  (The size of the labor force is volatile.  Read more HERE.)    The unemployment rate has been below 8.0% for 11 months in a row now.  


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 July 2013 than there were in June 2013?

Let's look:
  • 162,000 MORE jobs in seasonally-adjusted numbers were reported by employers now than in June.
  • 1,111,000 FEWER jobs in "raw" actual numbers not adjusted for seasonal variations were reported by employers now vs. June.  (Jobs are typically lost in July in "raw numbers" as teachers leave their jobs in the summer and new teachers have not yet started work.)    

From the BLS:  Total Nonfarm Jobs Seasonally Adjusted Last 10 years



How many more private sector jobs are there in July than there were in June 2013?
From the BLS:  Private Jobs Last Ten Years Seasonally Adjusted












How many more (or fewer) government jobs are there in July than in June 2013?
  • 1,000 MORE government jobs in seasonally-adjusted numbers were reported by government employers at all levels (federal, state, and local) now than in May.
  • 1,219,000 FEWER government jobs in "raw" actual numbers not adjusted for seasonal variations were reported by government employers at all levels in July vs. June.  (Again, this is mostly due to teachers leaving their jobs in summer.) 
From the BLS:  All Government Jobs Last Ten Years Seasonally Adjusted


From the BLS:  Local Government - Education (mostly teachers) jobs last ten years Seasonally adjusted







How many more people are reporting themselves as working in July than in June 2013?
  • 227,000 MORE people reported themselves as working in seasonally-adjusted numbers than were working in June.
  • 272,000 MORE people reported themselves as working in "raw" actual numbers not adjusted for seasonal variations than were working in June.
  • 92,000 MORE people reported themselves as working full-time in seasonally adjusted numbers in July vs. June.
  • 172,000 MORE people reported themselves as working part-time in seasonally adjusted numbers in July vs. June.  (Note:  The number people employed part-time and full-time may not equal the total number of people employed due to seasonal adjustment factors.)


From the BLS:  People reporting themselves as employed.  Seasonally adjusted; ten year overview.

From the BLS:  People reporting themselves as employed full-time.   Seasonally adjusted; ten year overview.  

From the BLS:  People reporting themselves as employed part-time.  Seasonally adjusted; ten year overview.
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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