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, November 7, 2014

October 2014 Unemployment Rate, Jobs

November 2014 jobs summary and highlights 
will be released later this morning, Friday, December 5th.

Please check HERE for details and updates throughout the day!


October 2014 jobs summary and highlights:
  • +214,000 new payroll jobs; +209,000 new private sector jobs
  • Unemployment rate drops to 5.8%
  • Number of people working full-time increases by about 345,000 while number of people working part-time increases by about 334,000.  That's 3,326,000 MORE people working full-time over the past year, since October 2013, and 482,000 MORE people working part-time over the past year. 
  • The number of involuntary part-time workers (people working part-time because they couldn't find full-time work) decreased 76,000 in October and dropped 989,000 over the past year, since October 2013.
  • Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
    • 10 million MORE jobs in total
    • 10.6 million MORE private sector jobs
    • 9.3 million MORE people working
    • 9 million MORE people working full-time.
    • 214,000 MORE people working part-time.  
    • (Yes, despite what you may have heard, from the depth of the recession until now, we have many more additional people working full-time vs. part-time jobs. When a recession hits, companies generally cut back on full-time workers first.  When companies start hiring again, the number of full-time workers increases.)

    Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:
    • 5.7 million MORE jobs in total
    • 6.4 million MORE private sector jobs
    • 5.1 million MORE people working
    • 3.8 million MORE people working full-time
    • 136,000 million MORE people working part-time

Please check back for details and updates!


October 2014 reports: (Notation on the links will be changed to "October" or "Updated for October" when the updated reports become available.) 



October 2014 jobs preview published Thursday night:
And, in the aftermath of the election, we have Jobs Numbers Day!
Today is the BLS (government) Jobs Numbers Day. ADP, the private payroll service, always releases their estimates a couple of days before the BLS, and they have estimated that 230,000 private sector have been created. If we come anywhere near that number (which we did), it will be another bang-up jobs month.. And it will mark the 56th consecutive month of private sector jobs creation.

But the people of this great country? At least the ones who bothered to vote? Well, I guess at least 50% of them would prefer the paltry job creation of the Bush administration.  Not sure what else to think.

The Republican apologists and media have done a good job eclipsing the record-breaking job creation by blathering on about the "labor force participation rate". I've got that covered at my blog as well. Check in tomorrow.

Oh,and by the way.. The Department of Labor released its initial unemployment claims report this morning as it does every Thursday morning. It reported:
"In the week ending November 1, the advance figure for seasonally adjusted initial claims was 278,000, a decrease of 10,000 from the previous week's revised level. The 4-week moving average was 279,000, a decrease of 2,250 from the previous week's revised average. This is the LOWEST LEVEL FOR THIS AVERAGE SINCE April 29, 2000 when it was 273,000."

Yep, new unemployment claims are lower than they have been since Clinton was in the White House.

But the American people elected REPUBLICANS.


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