APR# Fri, May 5. Mar:+211,000 jobs. Unemployment down to 4.4%...APR details coming.. Jobs since Trump took office?... Unemp. rate under Trump? (not yet updated)

Tuesday, May 9, 2017

How Many People Are Fired Each Year in the United States? (Early 2017 update)

How Many People Are Fired or Laid Off Each Year in the United States?  How Many People Are Fired Each Day in the United States?


(This article has been updated with data from the month of
February 2017.) 

How many people are not working in the U.S.?  How many adults are not working in the U.S.?  Here!
Hold on...  These numbers sound staggering:

An average of 
54,549 people were laid off or fired EACH DAY (including weekends and holidays) in 2016. (19,965,000
 people in total were laid off or fired in the 366 days of 2016.)

Monthly layoffs & discharges in thousands from the BLS JOLTS survey.


An average of 54,966 people have been laid off or fired each day (including weekends and holidays) in the first two months of 2017.  A total of 3,243,000 people have been laid off or fired in the first 59 days of 2017 (through February).

These sound like big numbers, but the 2016 number is the 
LOWEST number of annual layoffs in the 16 years since 2001.

These are huge numbers.... So.... how can the jobs numbers keep going up?  Is someone lying?  

Tuesday, April 4, 2017

When Do We Get March Jobs Numbers?


When will March 2017 jobs numbers and unemployment rate be released?

Image found at CTnewsjunkie from shutterstock








T
The ADP report for March will be released Wednesday, April 5th.  

(Note:  The ADP report for March was released on Wednesday, and it showed an addition of 263,000 private sector jobs.)
ADP is NOT the official government jobs number report.  It is produced and published by payroll processor ADP and is usually released on a Wednesday two days before the big government Bureau of Labor Statistics report.  Though it is not an official report, it tends to move in concert with the BLS report and is considered to foreshadow the BLS report which follows a couple of days later.


The March Bureau of Labor Statistics (government BLS) Employment Situation report, the report that includes the number of new jobs and the unemployment rate, will be released Friday, April 7th.  This is the big report that everybody waits for.  The March report will be the second jobs report of Trump's presidency.

Note:  The BLS jobs report was released on Friday, April 7.  It showed an addition of 98,000 jobs, including 89,000 private sector jobs.  More details HERE.
Job openings?  The Jobs Openings, Layoffs, and Turnover Survey (JOLTS) is always a month plus behind the actual Employment Situation jobs report.  The JOLTS report for February will be released Tuesday, April 11th.  The JOLTS report for March will not be released until Tuesday, May 9.

Tuesday, March 28, 2017

Record Number of Job Openings Under Obama!


United States employers reported the highest number of job openings EVER in 2016 since the US started keeping track of these numbers in 2000.  


An average of 5.6 million job openings were reported each month during 2016.

The JOLTS Report

Every month the Bureau of Labor Statistics (BLS) lists the number of job openings, new hires, and separations for various reasons, such as people being laid off or people quitting. This report is called the Job Openings, Layoffs, and Turnover Survey (JOLTS) and it is released about two months after the regular monthly jobs report; in other words, the JOLTS report for January is not released until early March.  It is a fairly new report, and has only been released since 2000.

Details


In 2016, United States employers reported the highest number of job openings ever.  An average of 5.6 million job openings was reported each month in 2016.  The top month was July 2016 in which 5.973 million job openings were reported by U. S. employers.

By comparison, in 2009, during the depth of the Recession, only 2.4 million job openings were reported on average each month.  The lowest historical month for job openings was July 2009 in which only 2.2 million job openings were reported.

Trump-- The Jobs President?

Now we will see what Trump will do to the number of job openings.  Remember that announcements of a few hundred jobs saved or created here or there is really nothing in an economy that has been recording over 5 million job openings a month.  

Friday, March 10, 2017

How Many Jobs Has Trump Created or Lost? (February 2017 update)

How many NET jobs created or lost under Trump as of February 2017, during the Trump Presidency to date? How many private sector jobs have been lost or added during Trump's presidency? 
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March 2017 numbers were released 
Friday morning, April 7th.  
All MARCH reports and info will be listed  HERE.
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February is the FIRST month of jobs attributed to Trump's Presidency.  Job numbers for any month are reported and counted as of the week of 12th.  Obama was still the President during the week of January 12th, which is why numbers for January 2017 fall in the Obama bucket.  Now, starting with February 2017, we get to see what effect Trump's policies will or won't have on jobs.

(Some people believe that additions or subtractions in jobs should be in the prior President's "bucket" for at least several months after a new President is inaugurated.  The reasoning for this is twofold:  1.  It takes several months for an incoming President's economic policies to take effect.  2.  The US Fiscal Year doesn't start until October 1st, meaning that all of the budgeting and almost all economic programs up to October 1st were developed and signed into law during the prior administration.  However, the economy is affected by apprehension, both good and bad, and an incoming administration often has leverage in how moneys appropriated by the outgoing administration are used.  Therefore, it is easiest to simply use the first full month that  a President is in office as a starting point for counting jobs.)

Let's remember that jobs tend to trend, and one or two months do not make a trend.  (Some people believe that we shouldn't count an incoming President's jobs numbers until the beginning of his first fiscal year in office, meaning starting in October, as the federal fiscal year goes from October 1st to September 30th.)  But starting with February will certainly give us a good enough trend as we move through the spring and summer.


    As we move into the Trump years, let's remember that-- 
  •                                    

  • President Obama handed off to President Trump the strongest economy in terms of jobs since the Clinton years: * 

  • 1.  Record numbers of job openings.
  • 2.  A record in consecutive months of increase in the number of private sector jobs (83 months).
  • 3. Record in consecutive months of overall job growth.  (76 months).  
  • 4. Lowest number of first-time claims for unemployment benefits since 1971.  
  • 5.    A reduction in income inequality starting in 2014.
  • 6.  An increase in inflation-adjusted weekly and hourly wages for "regular" workers.  
  • 7.  A record-increase in inflation-adjusted household income starting in 2015.  
  • 8.  An 3% INCREASE in manufacturing jobs in Obama's second term after a 27% DECREASE in manufacturing jobs under Bush II.  This was the largest one term increase in manufacturing jobs since Carter.
  • 9.  A 19% increase in construction jobs in Obama's second term.  This was the largest one term increase in construction jobs since the Clinton years.
      

    Don't mess this up, President  Trump!  WE ARE WATCHING YOU!   

    *For those who don't believe these claims, I will post links and sources for all of these in the next few days.  

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February 2017 numbers were released Friday morning, March 10th.  All FEBRUARY reports and info will be listed  HERE.
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Continue below...

Friday, February 3, 2017

Obama's Jobs Legacy

January jobs numbers fall into Obama's jobs bucket as the numbers were gathered the week of January 12th.  Obama was still in office the week of January 12th. 



















M
Links:
Record Number of Job Openings Under Obama!



More details and links will follow over the next few days and weeks.

Friday, January 6, 2017

December 2016 Unemployment Rate, Jobs


In March we will start counting the number of jobs created and lost as well as reviewing the general employment situation under President Donald Trump.  But this report and next month's January 2017 report fall into the Obama bucket.

I've seen some reports, including one at CNN, that this is Obama's last full month responsible for the economy and jobs numbers.  While, it is true that December was Obama's last full month responsible for the economy, the jobs numbers are based on activity as of the week which includes the 12th day of the month.  January 12th is a full week before Obama leaves office, and January jobs numbers will fall under Obama, just as January jobs numbers in 2009 fell under Bush.

More about all of this later, but this report, based on data of the week which includes December 12, 2016, shows a mediocre 156,000 net payroll job increase.  However, the November estimate was increased by 26,000.  Unemployment inched up to 4.7% (from 4.6%) but mostly due to 184,000 people entering the civilian labor force in December.