How many NET jobs have been created or lost under Trump as of August 2017? How many private sector jobs have been lost or added during Trump's presidency?
*See below
**************************************
August 2017 numbers were released
Friday morning, September 1st.
All AUGUST reports and info are listed HERE.
September # will be released Friday, October 6.
Friday morning, September 1st.
All AUGUST reports and info are listed HERE.
September # will be released Friday, October 6.
**************************************
How many new jobs in the last 7 months since Trump was inaugurated? How many Americans were working or employed when Trump took office... compared to now? How many of those people are working full-time vs. part-time?
*See below
 |
| Notice that the trajectory of job growth has not changed under Trump (green line at upper right). We continue to add private sector jobs at about the same pace as we added private sector jobs under Obama. |
Since Obama left office & Trump took office (January 2017) in seasonally adjusted numbers:
- 1,189,000 MORE jobs in total
- 1,202,000 MORE private sector jobs
- 1,358,000 MORE people working
How many workers were full-time or part-time when Trump was inaugurated compared to now?
- 1,050,000 MORE people working full-time
- 164,000 MORE people working part-time
- 585,000 FEWER people working part-time INVOLUNTARILY (because they couldn't find a full-time job.)
- About 1,827,000 MORE people are working part-time voluntarily-- because they WANT to work part-time-- since Trump was inaugurated.
Have any private jobs been lost (net) over the past 7 months since January 2017?
NO!
Have any jobs (in total) been lost (net) over the past 7 months since January 2017?
NO!
Are more people unemployed now than when Trump took office in January 2017?
Are more people unemployed now than when Trump took office in January 2017?
NO!
- Despite 855,000 MORE people in the labor force (either working or actively looking for work) now vs. January 2017, there are 503,000 FEWER people unemployed now than in January 2017.
*What's the difference between "net" and "gross" jobs gained and lost?
Let's get something straight: Jobs are lost every week and every month. People are fired, people are laid off, businesses or locations are closed and everybody is let go.
Also people quit every week. You yourself, dear reader, may have quit a job at some point in time.
But people are also HIRED every week and every month. New businesses open, businesses expand, businesses replace people who have left or been fired. Every week. You yourself, dear reader, may have been hired for a job at some point in time. This happens in good times and bad.
Yes, even in bad times, people are getting hired. Even in good times, people are let go.
Now: The monthly jobs report, upon which this article is based, presents estimates based on surveys as to how many jobs are gained or lost in a given month. Those numbers are based on the number of new jobs (people getting hired, businesses opening) MINUS the number of jobs that have been cut (people getting fired, people quitting, businesses closing or cutting back).
The monthly jobs report therefore reports NET job growth or loss.
For 83 consecutive months in this country, starting with 76 months during the Obama administration, we have had MORE jobs being added than we have had jobs being cut. For 90 consecutive months in the private sector (not counting federal workers, state or local workers such as teachers, firemen, cops, or people who staff the DMV; only counting people who work for private businesses), starting with 83 months during the Obama administration, we have had MORE jobs added than we have had jobs being cut.
To reiterate: How many jobs have been created in the last 7 months versus how many jobs have been lost?
All numbers provided on monthly jobs reports, which is what the series on jobs created/lost under Obama or Trump is based, are NET jobs numbers. In other words, they reflect gains after all job losses are subtracted, or they reflect job losses after all gains are added. The numbers above reflect job gains after all job losses have been subtracted.
For the past 90 months (as of August 2017), we have had NET gains in private jobs numbers every month. In other words, in every month since February 2010, more private jobs have been created than have been lost. In every month since September 2010, more jobs in total have been created than have been lost. This is the longest consecutive period of job growth since these numbers have been recorded.
Fact check and important information on these jobs numbers...
The above jobs numbers are from the BLS jobs report of August 2017, which was released in early August 2017. The surveys used to gather these numbers are taken as of the week which includes the 12th day of the month, in this case, August 12, 2017.
No comments:
Post a Comment
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.