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Friday, February 7, 2014

How Many Jobs Were Created in 2014? (January 2015 update)

How Many Jobs Have Been Created in 2015?  

How Many Jobs Have Been Created in 2016?  


All 2011-2016 jobs highlights and reports are listed HERE.


Total Jobs Created/Lost In 2014  (Second estimate as of January 2015):
  • 3,116,000 payroll jobs have been ADDED in 2014 in seasonally adjusted numbers.
  • The is the largest number of jobs added in a year since 1999.
  • That's an additional 260,000 jobs per month in 2014.
  • 3,043,000 private payroll sector jobs have been ADDED in seasonally adjusted numbers.
  • That's an additional 254,000 private jobs per month in 2014.
  • 73,000 government sector (federal, state, and local) jobs have been GAINED in seasonally adjusted numbers. 
  • That's a gain of 6,000 government jobs per month in 2014.
  • 2,771,000 MORE people are employed.
  • That's an additional 231,000 people employed each month so far in 2014.
  • 2,694,000 MORE people are working full-time in 2014.
  • 72,000 MORE people are working part-time in 2014.
  • These are NET numbers, meaning they are the numbers of jobs ADDED after all jobs LOST are subtracted.  


2 comments:

  1. How come the numbers of people on SNAP has dramatically increased during the Obama years? It seems with so many jobs being created, the numbers would be decreasing. Is it because the jobs currently being created are low-paying, minimum wage jobs?

    ReplyDelete
    Replies
    1. SNAP numbers have peaked and are going down. In recessions, SNAP numbers tend to be trailing numbers.. Also, the ARRA bill passed in early 2009 contained provisions to provide more benefits to more people due to the severity of the recession. Those provisions expired last year. There are many low-paying jobs being created, but the average weekly and hourly pay has gone up (since the trough of the recession) higher than the rate of inflation, so we actually DO have more people making more money and more jobs expanding the average wage vs. contracting the average wage. However, I don't have the numbers of people working in low wage jobs off hand.. (not the same as the number of people working in low-wage industries... Not everybody who works in retail, for instance, makes minimum wage.) You'd need to compare the number of people working in jobs that pay so poorly that their employers get corporate welfare for them (compliments of the US taxpayer) BEFORE the recession vs. the number of people working in jobs that pay so poorly NOW. The Census is the best at collecting that kind of information, and they are usually 1-2 years behind.

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