JUNE# released Fri, July 7: +222,000 jobs. Unemployment up 4.4%...JUNE details HERE.. Jobs since Trump took office?... Unemp. rate under Trump? (not yet updated)

Saturday, July 23, 2016

How Many Jobs Have Been Created in 2016 to date? (Updated for August 2016)


Total Jobs Created/Lost In 2016 as of August 2016:

  • 1,452,000 payroll jobs have been ADDED in 2016 in seasonally adjusted numbers.
  • That's an additional 182,000 jobs per month in 2016.
  • 1,279,000 private payroll sector jobs have been ADDED in seasonally adjusted numbers.
  • That's an additional 160,000 private jobs per month in 2016.
  • 173,000 government sector (federal, state, and local) jobs have been ADDED in seasonally adjusted numbers so far in 2016. 
  • That's an addition of 22,000 government jobs per month in 2016.
  • 1,685,000 MORE people are employed.  ("Employed" numbers include people who are self-employed and people working in agriculture, people whose jobs are not included in the "jobs" count.  The number of people employed is reported by workers; the "jobs" numbers are reported by employers. )
  • That's an additional 211,000 people employed each month so far in 2016.
  • 1,698,000 MORE people are working full-time so far in 2016.
  • 152,000 FEWER people are working part-time so far in 2016.
  • These are NET numbers, meaning they are the numbers of jobs ADDED after all jobs LOST are subtracted.  
  • Breakdown of the 93,000,000-94,000,000 "record number" of people "not working" HERE.  

Thursday, July 21, 2016

What was the unemployment rate when Obama took office and Bush left office? (Updated for June 2016)


What was the unemployment rate when Bush left office and Obama was inaugurated?  7.8% 

What was unemployment when Obama took office?  How many people were unemployed?  Read below


What was the unemployment rate after Obama's first full month in office (February 2009)?  8.3%

What was the unemployment rate at peak?  10.0%

What is today's (June 2016's) unemployment rate?   4.9%  

All Latest Jobs and Unemployment Reports HERE

How many people were looking for work when Obama was inaugurated; how many were working?  And how many people are looking for work and how many are employed now?


  • Read below the graph.

  • The following chart shows the unemployment rate in three month intervals plus month-by-month for the latest months:

     

Tuesday, July 19, 2016

How Many Jobs Has Obama Created or Lost? (June 2016 Update)

The following report is outdated.  It has been updated with current data HERE.


How many NET jobs created or lost under Obama* as of June 2016? 
How many private sector jobs have been lost or added during Obama's presidency?

How many new jobs in the last 7 1/2 years since Obama was inaugurated?  How many Americans were working or employed when Obama took office... compared to now?

*******************************************************************

June 2016 numbers were released Friday morning, July 8th.  JUNE reports and info HERE.
******************************************************************








e

Continue below...

Monday, July 18, 2016

Full-Time Job Growth? Who has the better record? Democrats or Republicans? (Updated for May 2017)

Who do YOU trust to grow the number of full-time jobs in this country?
Note:  This was originally published in July 2016; it was updated in November 2016 after Trump won the Electoral College.  This is a final update, released in June 2017 using data from January 2017 with final numbers of full-time workers during the Obama administration.

CNN floated a poll in July 2016 which showed that Trump had an 8% advantage over Clinton when it came to the economy...  Back in July, MORE people... 8% MORE people... actually thought that Trump would be better for the economy!!  What kind of idiocy is that?  (And now, as we move into Month 5 of the Trump Presidency, we will start to see what effect Trump might have on the economy.)  Let's not forget that we were losing 800,000 jobs a month (net) when Obama took over!   

Over the past year, we have had the HIGHEST number of job openings EVER and the LOWEST number of people filing for initial unemployment benefits in 40 (FORTY) years! We now have 115 consecutive weeks of initial unemployment claims below 300,000/week, the longest streak of claims below 300,000 since the 1967-1970 era.

Also from the Department of Labor, released June 1, 2017: 


The 4-week moving average (of unemployment claims) was 1,914,500, a decrease of 16,000 from the previous week's revised average. This is the lowest level for this average since January 12, 1974 when it was 1,881,000. 
Trump?  Republicans?

But people trust Trump and the Republicans on the economy?

Below is a simple graph:  If you care about full-time job growth, you can easily see which party has the best record (as a percent) of growth in full-time workers over the last 48 years, the period of time for which this data is available online.  (You may have to click on the graph to get a good look at it.)

Look at this chart and then answer that question at the top again:  
Who do you trust to grow the number of full-time jobs in this country?  (And notice that the largest increase in the percentage of full-time workers STILL belongs to the much-maligned Jimmy Carter.)










Updated June 2017:  7.8% means that we had 7.8% MORE full-time workers in January 2017 when Obama left office than we did in January 2013, when Obama's second term began.  Data is from the BLS (Bureau of Labor Statistics) site, table LNS12500000 (Full-time workers, seasonally adjusted).  Obama's second term began with 115,724,000 full-time workers in January 2013, and when his term ended in January 2017, we had 124,705,000 full-time workers.

Friday, July 8, 2016

June 2016 Unemployment Rate, Jobs


This report is outdated.  Jobs and unemployment information for August 2016 can be found HERE!



The June 2016 Jobs Reports was released by the government's Bureau of Labor Statistics this morning, Friday, July 8.  It appears to have been completely overlooked in the wake of the tragedy in Dallas, Texas, last night and earlier this morning in which at least 5 police officers were killed. 

The economy added 287,000 jobs, a very large, strong number, making up for the mediocre reports of April and May.  265,000 private sector jobs were added.  22,000 government jobs were added.  The pundits expected only 175,000 new jobs, so this report blew those projections out of the water.

Job growth was strongest in food manufacturing, retail trade, information (as communication workers returned to work after a strike against Verizon), professional and business services (particularly temporary help services), health care, social assistance, leisure and hospitality (particularly food service).  Job growth, however, was spread across the board in June.  

The anemic initial estimates of May (only 38,000 new jobs) were revised downward to only +11,000, but the April numbers were revised from +123,000 to +144,000.

The unemployment rate increased two-tenths of a percent to 4.9% (from 4.7% in May) due to an increase of 414,000 in the labor force.  The number of people unemployed increased 347,000 and the number of people employed increased 67,000. The labor force participation rate increased by one-tenth of a percent.

Thursday, July 7, 2016

Weekly Initial Unemployment Claims as of July 2, 2016


Let's make sure that no one forgets how bad things were at the end of the last Republican administration. 



This quick little graph shows initial weekly unemployment claims from 2005 until now. (The latest numbers were released this morning, Thursday, July 7.) We now have 70 weeks of initial weekly unemployment claims below 300,000... The last time we had such a run of low initial claims was 1973!!

Keep the Republicans out of the White House, and let's toss them out of Congress. Enough already.

Initial Weekly Unemployment Claims from 2005 until July 2, 2016