NOV Fri, Dec 2: +178,000 jobs. Unemployment rate drops to 4.6%.NOV details here!.. Jobs since Obama took office?... Unemp. rate under Obama?

Friday, December 6, 2013

Jobs Lost, Gained Over the Past Year (November 2013 udpate)

2,293,000 new jobs were CREATED or ADDED during the past year, from November 2012 to November 2013.  

The private sector generated (added) 2,315,000 new jobs, but the government sector continued to shed (lose) jobs, 22,000 jobs, year over year from November 2012 to November 2013.

1,109,000 MORE people reported themselves as working or employed, including people who are self-employed or working in agriculture, in the past year from November to November.  
         

The unemployment rate has declined from 7.8% in November 2012 to the current 7.0% in November 2013.  When considered year over year, the decline in the unemployment rate has been due mostly to a decrease in the number of people unemployed (from 12,042,000 to 10,907,000).  The unemployment rate has been below 8.0% for 15 months in a row now.  


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

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

Let's look:

How many more private sector jobs are there in November 2013 than there were in November 2012?

How many more (or fewer) government jobs are there in November 2013 than in November 2012?
  • 22,000 FEWER government jobs in seasonally-adjusted numbers were reported by government employers at all levels (federal, state, and local) now than in November 2012.
  • 32,000 FEWER government jobs in "raw" actual numbers not adjusted for seasonal variations were reported by government employers at all levels in November 2013 vs. November 2012. 

How many more people are reporting themselves as working in November 2013 than in November 2012?

How many more people working full-time and part-time last month compared to the year before?  
 
  • 1,109,000 MORE people reported themselves as working in seasonally-adjusted numbers than were working in November 2012.
  • 1,226,000 MORE people reported themselves as working in "raw" actual numbers not adjusted for seasonal variations than were working in November 2012.
  • 1,263,000 MORE people reported themselves as working full-time in seasonally adjusted numbers in November 2013 vs. November 2012.
  • 65,000 FEWER people reported themselves as working part-time in seasonally adjusted numbers in November 2013 vs. November 2012.
  • In other words, all of the increase in people working over the past year has been among people working FULL-TIME vs. PART-TIME.
(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. Freelance work are usually gaining additional reputation compared to regular work in an ever-increasing charge. Those people who are enthusiastic by means of needing to employment independently generally find on the web freelance writing the easy strategy to receive self-employed.

    ReplyDelete

I appreciate intelligent comments and questions, including those that are at odds with anything posted here. I have elected not to screen comments before they are published; however, any comments that are in any way insulting, caustic, or intentionally inflammatory will be deleted without notice. Spam will also be immediately deleted.