tag:blogger.com,1999:blog-59128337833593563432024-03-12T22:10:57.144-05:00Molly's Middle AmericaEmployment, Jobs Info and Commentary on Life in America TodayMiddle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.comBlogger671125tag:blogger.com,1999:blog-5912833783359356343.post-80110998961411613902019-09-07T19:09:00.000-05:002019-09-07T19:12:47.813-05:00August 2019: Job Growth Under Trump<h3 style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #073763; font-size: x-large;"><br />Jobs Numbers for August 2019 were released Friday, September 6, 2019. This is the 31st month of jobs reports under Trump. We are still adding jobs; 130,000 jobs were added in August 2019.</span></i></b></h3>
<br />
<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-size: x-large; font-weight: 400;">The chart below looks at the percentage increase in jobs over six month periods. Looking at job growth over a period of 6 months helps to even out the jobs numbers which tend to vary quite a bit month to month. (It's very misleading to make any assessments or assumptions based on one month or even two months of jobs data.)</span></b></span></b></div>
<br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><br />On the following chart each bar represents the % increase in jobs over a 6 month period ending in the designated month. Blue bars represent six month periods during the Obama Presidency; green bars represent six month periods overlapping Obama and Trump Presidencies; red bars represent six month periods during the Trump Presidency.</span></div>
<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><span style="font-size: x-large;"><br /></span></span></b>
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><span style="font-size: x-large;">Here is what job growth has looked like over the past six+ years when calculated as a percentage increase over any running six month period:</span></span></b></div>
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<tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-J7yT-6cUDSY/XXQ9SUzxA6I/AAAAAAAAEcA/8Lp52evuRxwnMzYpYwaZX086tPfpxy2PgCLcBGAs/s1600/Jobs%2B6%2Bmonth%2Bgrowth%2B%2525%2BAug%2B19.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="750" data-original-width="1550" height="309" src="https://1.bp.blogspot.com/-J7yT-6cUDSY/XXQ9SUzxA6I/AAAAAAAAEcA/8Lp52evuRxwnMzYpYwaZX086tPfpxy2PgCLcBGAs/s640/Jobs%2B6%2Bmonth%2Bgrowth%2B%2525%2BAug%2B19.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;">Graphed with data from BLS table CES0000000001</span></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">You will have to click on the graph to really see it, but compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth had been slowing slightly since 2014-2015. Job growth picked up during 2017-18, but it didn't match the growth in 2014-15 under Obama. <br /><br />But job growth since late 2018 has slowed down significantly. </span><br />
<div style="text-align: start;">
<b style="font-family: arial, helvetica, sans-serif;"><b><i><span style="font-size: x-large;"><span style="color: #073763;"><br />How do the first 18 months of Trump's presidency compare to the last 18 months of Obama's presidency in terms of job growth?</span></span></i></b></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><b><span style="color: #0b5394;"><br />Trump vs. Obama: 31 Months</span></b></span></div>
<ul>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">In the first 31 months of the Trump presidency, we added a total of <span style="color: #cc0000;"><b>5,846,000 </b></span>jobs; that is, <span style="color: #cc0000;"><b>188,580</b></span> jobs/month.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">In the last 31 months of the Obama presidency, we added a total of <span style="color: #cc0000;"><b>6,838,000 </b></span>jobs; that is, <b><span style="color: #cc0000;">220,580</span></b> jobs/month. </span></li>
</ul>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><b><i><span style="color: #0b5394;"><br /></span></i></b></span>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><b><i><span style="color: #0b5394;">What does the future hold for job growth under Trump? </span></i></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"></span><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth... but job growth during the Trump administration to date does NOT compare positively to job growth during the last years of the Obama administration.</span></div>
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<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; font-size: x-large; font-weight: 400;"></span><b style="font-family: arial, helvetica, sans-serif;"></b><br />
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com1tag:blogger.com,1999:blog-5912833783359356343.post-18356016911013261672019-02-17T17:14:00.003-06:002019-02-17T17:14:34.223-06:00January 2019: Job Growth Under Trump<h2 style="text-align: center;">
<span style="color: purple; font-family: Arial, Helvetica, sans-serif; font-size: x-large;">Under Construction</span></h2>
Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-33366959390767792052018-08-03T15:23:00.002-05:002018-11-02T23:35:51.567-05:00July 2018: Job Growth Under Trump<h3 style="text-align: justify;">
<blockquote class="tr_bq">
<b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Note: I am in the process of updating my Molly blog as many articles have not been updated for some time. Thanks for your patience... and please check back!</span></b></blockquote>
<b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #073763; font-size: x-large;"><br />Jobs Numbers for July 2018 were released Friday, August 3, 2018. This is the 18th month of jobs reports under Trump. We are still adding jobs; 157,000 jobs were added in July 2018.</span></i></b></h3>
<b style="font-family: arial, helvetica, sans-serif;"><b><i><span style="font-size: x-large;"><span style="color: #073763;"><br />How are we doing compared to the last 5-6 years of the Obama Presidency?</span></span></i></b></b><br />
<span style="font-size: x-large;"><b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><br /></span></b></span>
<br />
<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-size: x-large; font-weight: 400;">The chart below looks not only at the number of jobs added month-over-month; it looks at the percentage increase in jobs over six month periods. That helps to even out the jobs numbers, which tend to vary quite a bit month to month. (It's very misleading to make any assessments or assumptions based on one month or even two months of jobs data.)</span></b></span></b></div>
<br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><br />On the following chart each bar represents the % increase in jobs over a 6 month period ending in the designated month. Blue bars represent six month periods during the Obama Presidency; green bars represent six month periods overlapping Obama and Trump Presidencies; red bars represent six month periods during the Trump Presidency.</span></div>
<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><br /><span style="font-size: x-large;"><br /></span></span></b><br />
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><span style="font-size: x-large;">Here is what job growth has looked like over the past five+ years when calculated as a percentage increase over any running six month period:</span></span></b></div>
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<tr><td style="text-align: center;"><a href="https://3.bp.blogspot.com/-WO2_RnOFYR4/W2SxT8CFIYI/AAAAAAAAETU/BcGHh4VF45w2l17z3_tuL8qV9mYIXI9CwCLcBGAs/s1600/Six%2Bmonths%2Bpercent%2Bnew%2Bjobs%2BJuly%2B18%2B2.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="750" data-original-width="1550" height="309" src="https://3.bp.blogspot.com/-WO2_RnOFYR4/W2SxT8CFIYI/AAAAAAAAETU/BcGHh4VF45w2l17z3_tuL8qV9mYIXI9CwCLcBGAs/s640/Six%2Bmonths%2Bpercent%2Bnew%2Bjobs%2BJuly%2B18%2B2.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b>Graphed with data from <a href="https://data.bls.gov/timeseries/CES0000000001" target="_blank">BLS table CES0000000001</a></b></span></td></tr>
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<a name='more'></a><br />
<br />
<br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">You will have to click on the graph to really see it, but compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth has been slowing slightly since 2014-2015. Job growth is about the same under Trump (red sticks) as it was during the transition. The last few months have shown an improvement, though still not as strong as the 2013 thru 2016 time period (blue sticks). Job growth over the 6 month periods ending in July 2018 is finally close to what it was during the end of 2016, in the last months of the Obama administration, but not as robust as it was during 2014, 2015, and early 2016.</span><br />
<div style="text-align: start;">
<b style="font-family: arial, helvetica, sans-serif;"><b><i><span style="font-size: x-large;"><span style="color: #073763;"><br />How do the first 18 months of Trump's presidency compare to the last 18 months of Obama's presidency in terms of job growth?</span></span></i></b></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><b><span style="color: #0b5394;">Trump vs. Obama: 18 Months</span></b></span></div>
<ul>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">In the first 18 months of the Trump presidency, we added a total of 3,432,000 jobs; that is, 191,000 jobs/month.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">In the last 18 months of the Obama presidency, we added a total of 3,704,000 jobs; that is, 206,000 jobs/month. </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">In the first 18 months of the Trump presidency, we added 3,411,000 private sector jobs.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">In the last 18 months of the Obama presidency, we added 3,425,000 private sector jobs. </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">In the first 18 months of the Trump presidency, we added 300,000+ jobs in only one month, February 2018. </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">In the last 18 months of the Obama presidency, we added 300,000+ jobs in two months, October 2015 and July 2016.</span></li>
</ul>
</div>
</div>
<div style="font-family: tinos; text-align: justify;">
<div style="text-align: start;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><b><i><span style="color: #0b5394;">What does the future hold for job growth under Trump? </span></i></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"></span><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth... but, compared to the last years of the Obama administration, job growth has not been very special even though over 300,000 jobs were added in February. </span></div>
</div>
<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; font-size: x-large; font-weight: 400;"></span><b style="font-family: arial, helvetica, sans-serif;"></b><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">I will repeat from last month that it is a good thing for the people of the country that we are still adding jobs </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large; text-align: justify;">considering the uncertainty and absurdity of many of the President's policies. Please also be aware that, while tax cuts may cause a short term increase in the number of jobs, they often lead to a recession with loss of jobs a few years down the line. They also often lead to inflation-adjusted wage erosion. Inflation is starting to creep up. We also don't know the impact of the tariffs which have been discussed in the last couple of months will be. Large tariffs, particularly when enacted with a cudgel vs. a scalpel, tend to lead to recession and job loss.</span></div>
Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-60448573005126024612018-05-05T19:33:00.000-05:002018-08-03T15:19:32.413-05:00April 2018: Job Growth Under Trump<h3 style="text-align: justify;">
</h3>
<h3 style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #073763; font-size: x-large;">Jobs Numbers for April 2018 were released Friday, May 4, 2018. This is the 15th month of jobs reports under Trump. </span></i></b></h3>
<b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #073763; font-size: x-large;"><br /></span></i></b>
<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #073763; font-size: x-large;"><b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #073763; font-size: x-large;">We are still adding jobs. We added 164,000 jobs in April 2018.</span></i></b></span></i></b></div>
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<b style="font-family: arial, helvetica, sans-serif;"><b><i><span style="font-size: x-large;"><span style="color: #073763;"><br /></span></span></i></b></b>
<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><b><i><span style="font-size: x-large;"><span style="color: #073763;"><b style="font-family: arial, helvetica, sans-serif;"><b><i><span style="font-size: x-large;"><span style="color: #073763;">How are we doing compared to the last 5-6 years of the Obama Presidency?</span></span></i></b></b></span></span></i></b></b></div>
<br />
<span style="font-size: x-large;"><b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><br /></span></b></span>
<br />
<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-size: x-large; font-weight: 400;">The chart below looks not only at the number of jobs added month-over-month; it looks at the percentage increase in jobs over six month periods. That helps to even out the jobs numbers, which tend to vary quite a bit month to month. (It's very misleading to make any assessments or assumptions based on one month or even two months of jobs data.)</span></b></span></b></div>
<br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><br />On the following chart each bar represents the % increase in jobs over a 6 month period ending in the designated month. Blue bars represent six month periods during the Obama Presidency; green bars represent six month periods overlapping Obama and Trump Presidencies; red bars represent six month periods during the Trump Presidency.</span></div>
<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><br /><span style="font-size: x-large;"><br /></span></span></b><br />
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><span style="font-size: x-large;">Here is what job growth has looked like over the past five+ years when calculated as a percentage increase over any running six month period:</span></span></b></div>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://2.bp.blogspot.com/-Z6zw67KEhuw/WvDsLyqR_vI/AAAAAAAAESk/rldJ9yufnbkCmc4bRM11tV8ItDNjx9xfwCLcBGAs/s1600/Jobs%2Badded%2B6%2Bmonth%2Bperiods%2Bending%2BApr%2B18%2Bwords.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="750" data-original-width="1550" height="309" src="https://2.bp.blogspot.com/-Z6zw67KEhuw/WvDsLyqR_vI/AAAAAAAAESk/rldJ9yufnbkCmc4bRM11tV8ItDNjx9xfwCLcBGAs/s640/Jobs%2Badded%2B6%2Bmonth%2Bperiods%2Bending%2BApr%2B18%2Bwords.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b>Graphed with data on <a href="https://data.bls.gov/timeseries/CES0000000001" target="_blank">Bureau of Labor Statistics CES0000000001</a></b></span></td></tr>
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<a name='more'></a><br />
<br />
<br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">You will have to click on the graph to really see it, but compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth has been slowing slightly since 2014-2015. Job growth is about the same under Trump (red sticks) as it was during the transition. The last few months have shown an improvement, though still not as strong as the 2013 thru 2016 time period (blue sticks). Job growth over the 6 month periods ending in February 2018 through April 2018 is finally close to what it was in the last months of the Obama administration, during the months ending December 2016 through February 2017.</span></div>
<div style="font-family: tinos; text-align: justify;">
<div style="text-align: start;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><b><i><span style="color: #0b5394;"><br />What does the future hold for job growth under Trump? </span></i></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"></span><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth... but, compared to the last years of the Obama administration, job growth has not been very special even though over 300,000 jobs were added in February. </span></div>
<div style="margin: 0px;">
<br /></div>
</div>
<span style="color: black; font-family: "arial" , "helvetica" , sans-serif; font-size: x-large; font-weight: 400;"></span><b style="font-family: arial, helvetica, sans-serif;"></b><br />
<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">I will repeat from last month that it is a good thing for the people of the country that we are still adding jobs </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large; text-align: justify;">considering the uncertainty and absurdity of many of the President's policies. Please also be aware that, while tax cuts may cause a short term increase in the number of jobs, they often lead to a recession with loss of jobs a few years down the line. They also often lead to inflation-adjusted wage erosion. We also don't know the impact of the tariffs which have been discussed in the last couple of months will be. Large tariffs, particularly when enacted with a cudgel vs. a scalpel, tend to lead to recession and job loss.</span></div>
Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-51959120975579896632018-04-06T15:00:00.000-05:002018-04-11T00:45:51.106-05:00March 2018: Job Growth Under Trump<h3 style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #0b5394; font-size: x-large;">Jobs Numbers for March 2018 were released today, Friday, April 6, 2018. This is the 14th month of jobs reports under Trump. We are still adding jobs, though the number of jobs added fell off a bit in March. We added 103,000 jobs in March 2018.</span></i></b></h3>
<b style="font-family: arial, helvetica, sans-serif;"><b style="color: #073763;"><i><span style="font-size: x-large;">How are we doing compared to the last 5-6 years of the Obama Presidency?</span></i></b></b><br />
<span style="font-size: x-large;"><b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><br /></span></b>
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<div style="text-align: justify;">
<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-size: x-large; font-weight: 400;">The chart below doesn't only look at number of jobs added over a month period; it looks at the percentage increase in jobs over six month periods. That will help to even out the jobs numbers, which tend to vary quite a bit month to month. (It's very misleading to make any assessments or assumptions based on one month of jobs data.)</span></b></span></b></div>
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On the following chart, each bar represents the % increase in jobs over a 6 month period ending in the designated month. Blue bars represent six month periods during the Obama Presidency; green bars represent six month periods overlapping Obama and Trump Presidencies; red bars represent six month periods during the Trump Presidency.</div>
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<b style="font-family: arial, helvetica, sans-serif;"><span style="color: black; font-weight: 400;"><br /><span style="font-size: x-large;">Here is what job growth has looked like over the past five years when calculated as a percentage increase over any running six month period:</span></span></b></div>
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<a href="https://1.bp.blogspot.com/-xuuPCWUKuKM/Ws2b6GgqBQI/AAAAAAAAER4/-66batDmb6E1jPVhwVKcWsFmxGXWIwP_gCLcBGAs/s1600/Jobs%2Badded%2B6%2Bmonth%2B%2525%2BMarch%2B2018.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="750" data-original-width="1550" height="309" src="https://1.bp.blogspot.com/-xuuPCWUKuKM/Ws2b6GgqBQI/AAAAAAAAER4/-66batDmb6E1jPVhwVKcWsFmxGXWIwP_gCLcBGAs/s640/Jobs%2Badded%2B6%2Bmonth%2B%2525%2BMarch%2B2018.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">You will have to click on the graph to really see it, but compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth has been slowing slightly since 2015. Job growth is about the same under Trump (blue sticks) as it was during the transition. The last few months have shown an improvement, though still not as strong as the 2013 thru 2016 time period (blue sticks).</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;"><b><i><span style="color: #0b5394;"><br />What does the future hold for job growth under Trump? </span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth... but, compared to the last years of the Obama administration, it really isn't that special (so far) even though over 300,000 jobs were added in February. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large;">I will repeat from last month that it is a good thing for the people of the country that we are still adding jobs </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-large; text-align: justify;">considering the uncertainty and absurdity of many of the President's policies. Please also be aware that, while tax cuts may cause a short term increase in the number of jobs, they often lead to a recession with loss of jobs a few years down the line. They also often lead to inflation-adjusted wage erosion. We also don't know the impact of the tariffs which have been discussed in the last few weeks. Large tariffs, particularly when enacted with a cudgel vs. a scapel, tend to lead to recession and job loss.</span></div>
<br />Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-91567243044095031902018-03-09T17:27:00.000-06:002018-03-09T17:27:48.845-06:00February 2018: Job Growth Under Trump<div style="text-align: justify;">
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><span style="color: #0b5394;">Jobs Numbers were released today, Friday, March 9, 2018, for February 2018. This is the 13th month of jobs reports under Trump. We are still adding jobs, and we added 313,000 jobs in February.<br /><br /><div style="text-align: center;">
<b><i><span style="color: #0b5394;"><a href="http://mollysmiddleamerica.blogspot.com/2018/03/february-2018-unemployment-rate-jobs.html" target="_blank">(Jobs reports for February 2018 can be found HERE.)</a></span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">I will repeat from last month that it is a good thing for the people of the country that we are still adding jobs </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large; text-align: justify;">considering the uncertainty and absurdity of many of the President's policies. Please also be aware that, while tax cuts may cause a short term increase in the number of jobs, they often lead to a recession with loss of jobs a few years down the line. They also often lead to inflation-adjusted wage erosion. We also don't know the impact of the tariffs which have just been announced in the last week, but large tariffs, particularly when enacted using a cudgel vs. a scapel, also tend to lead to recession and job loss.<br /><br /><b style="color: #073763;"><i>How are we doing compared to the last 5-6 years of the Obama Presidency?</i></b><span style="color: black;"><br />Let's not just look at raw jobs numbers, but let's look at the percentage increase in jobs numbers over six month periods. That will even out the jobs numbers, which tend to vary quite a bit month to month. Each bar represents the % increase in jobs over a 6 month period ending in the designated month. Blue bars represent six month periods during the Obama Presidency; green bars represent six month periods overlapping Obama and Trump Presidencies; red bars represent six month periods during the Trump Presidency.</span><br style="color: black;" /><br style="color: black;" /><span style="color: black;">Here is what job growth has looked like over the past five years when calculated as a percentage increase over any running six month period:<br /></span> </span></div>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img border="0" data-original-height="686" data-original-width="1471" height="298" src="https://1.bp.blogspot.com/-8ojMUQ5wVAU/WqMW1KJruyI/AAAAAAAAEDE/Xq48Vi-3mB8FtbPQfe4nQ91Gft2TvVMtgCLcBGAs/s640/Job%2BGrowth%2B6%2Bmonth%2B%2525.jpg" style="color: #0000ee; font-family: Tinos; font-size: medium; margin-left: auto; margin-right: auto; text-align: center;" width="640" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b style="background-color: white; color: #0b5394; font-family: arial, helvetica, sans-serif; font-size: small;">Source: Change in BLS jobs numbers from <a href="https://data.bls.gov/timeseries/CES0000000001" style="color: #002a77;" target="_blank">chart CES0000000001</a><br />over any 6 month period as a %. (68 = .68% increase in # of jobs.)<br /></b></td></tr>
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<span style="font-family: arial, helvetica, sans-serif; font-size: large;">You will have to click on the graph to really see it, but compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth has been slowing slightly since 2015. Job growth is perhaps slightly lower but not any better under the Trump administration than it was during the five month transition period (green sticks) or the Obama years (blue sticks) displayed on this graph. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><b><i><span style="color: #0b5394;">What does the future hold for job growth under Trump? </span></i></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth... but, compared to the last years of the Obama administration, it really isn't that great (so far) or that special, even with the 313,000 jobs added in February. </span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-46835636755287615382018-03-09T12:54:00.002-06:002018-03-09T15:28:29.762-06:00February 2018: Unemployment Rate, Jobs<div style="text-align: justify;">
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<span style="color: #cc0000;"><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">The February 2018 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, March 9, 2018. Job growth was strong and the unemployment rate remained stable.</span></i></span></h3>
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<li arial="" font-family:="" font-size:="" helvetica="" sans-serif="" style="border: none;" x-large=""><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="color: #cc0000;">The report showed an increase of </span><span style="color: #0b5394;">313,0000</span><span style="color: #cc0000;"> jobs which was quite a bit more than the 200,000 additional jobs that the pundits expected.</span></span></b></li>
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<li style="border: none; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><span style="color: #cc0000;">The unemployment rate continued at </span><span style="color: #0b5394;">4.1% </span><span style="color: #cc0000;">for the fifth consecutive month.</span></b></span></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394;"><b style="background-color: white; font-style: italic; text-align: center;"><span style="font-size: large;">Other February 2018 Job Report Highlights:</span></b> </span></span></div>
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<li style="font-size: large;"><b style="color: #cc0000;">Year-over-year (February 2017 to February 2018) we have added about </b><b style="color: #cc0000;"><span style="color: #0b5394;"><i>2,281,000</i></span></b><b style="color: #cc0000;"><span style="color: #cc0000;"> jobs; slightly less than the </span><i><span style="color: #0b5394;">2,443,000</span></i><span style="color: #cc0000;"> jobs added year-over-year from February 2016 to February 2017.</span></b></li>
<li style="font-size: large;"><b style="color: #cc0000;">In 2017 we added about </b><span style="color: #0b5394;"><b style="color: #cc0000;">2.2</b><b style="color: #cc0000;"> million</b></span><b style="color: #cc0000;"> jobs; slightly less than the </b><b style="color: #cc0000;"><span style="color: #0b5394;">2.3 million</span></b><b style="color: #cc0000;"> jobs we added in 2016.</b></li>
<li style="font-size: large;"><b style="font-size: medium;"><b><b><span style="font-size: large;"><span style="color: #cc0000;">Over the past 3 months, job gains have averaged </span><i><span style="color: #0b5394;">242,000</span></i><span style="color: #cc0000;"> per month. Over the past 12 months, job gains have averaged <i><span style="color: #0b5394;">190,000</span></i><span style="color: #cc0000;"> per month.</span></span></span></b></b></b></li>
<li style="font-size: large;"><b style="font-size: medium;"><b><b><span style="font-size: large;"><span style="color: #cc0000;"><span style="color: #cc0000;">The number of employed people increased by </span><i><span style="color: #0b5394;">785,000</span></i><i style="color: #cc0000;"> </i><span style="color: #cc0000;">in the month; the number of employed people increased by </span><i><span style="color: #0b5394;">2,704,000</span></i><span style="color: #cc0000;"> year-over-year.</span></span></span></b></b></b></li>
<li style="font-size: large;"><b><span style="font-size: large;"><span style="color: #cc0000;">The number of unemployed people INCREASED by </span><span style="color: #0b5394;"><i>22,000</i></span><span style="color: #cc0000;"> as </span><i><span style="color: #0b5394;">806,000</span></i><span style="color: #cc0000;"><i> </i>people joined the labor force during the month.</span></span></b></li>
<li style="font-size: large;"><b><span style="font-size: large;"><span style="color: #cc0000;">The number of unemployed people decreased by </span><span style="color: #0b5394;"><i>780,000</i></span><span style="color: #cc0000;"> year over year even as </span><span style="color: #0b5394;"><i>1,924,000</i></span><span style="color: #cc0000;"> people joined the labor force. (You don't have to be receiving unemployment benefits to be counted as unemployed; you merely need to be looking for work.)</span></span></b></li>
<li style="font-size: large;"><b><span style="font-size: large;"><i><span style="color: #0b5394;">729,000</span></i><span style="color: #cc0000;"> </span><span style="color: #cc0000;">MORE people are working full-time</span><span style="color: #cc0000;"> and </span><i><span style="color: #0b5394;">277,000</span></i><span style="color: #cc0000;"> MORE people were working part-time in February vs. January in seasonally-adjusted numbers.</span></span></b></li>
<li style="font-size: large;"><b><span style="font-size: large;"><span style="color: #cc0000;">Compared to February 2017, </span><i><span style="color: #0b5394;">2,674,000</span></i><span style="color: #cc0000;"> MORE people are working full-time and </span><i><span style="color: #0b5394;">22,000</span></i><span style="color: #cc0000;"> MORE people are working part-time using seasonally adjusted numbers. </span></span></b></li>
<li style="font-size: large;"><b><span style="color: #cc0000;">The alternate unemployment rate (U-6) stayed the same at </span><i><span style="color: #0b5394;">8.2%</span></i><span style="color: #cc0000;"> this month. A year ago the U-6 rate was </span><i><span style="color: #0b5394;">9.2%</span><span style="color: #cc0000;">.</span></i></b></li>
<li style="font-size: large;"><b><span style="color: #cc0000;">The Labor Force participation rate has been VERY stable since 2014, varying between </span><span style="color: #cc0000;">62.4% </span><span style="color: #cc0000;">and </span><span style="color: #cc0000;">63%</span><span style="color: #cc0000;">. It was </span><span style="color: #0b5394;"><i>63.0%</i></span><span style="color: #cc0000;"> </span><span style="color: #cc0000; font-size: large;">in February 2018, up 0.3% from January 2018. It was 62.9% a year ago, in February 2017.</span></b></li>
<li style="font-size: large;"><b><i>Remember that there is NO ideal labor force size, and most of the overall decrease in the labor force participation RATE over the last few years has been due to Baby Boomers retiring in great numbers.</i></b></li>
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<b style="background-color: white; color: #cc0000; font-family: arial, helvetica, sans-serif; text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-style: italic;"><span style="color: #cc0000; font-size: large;"><i>Revisions from the last BLS report: </i></span></b></span></b><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"></span></div>
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>The change in total nonfarm payroll employment for December was revised up from +160,000 to +175,000, and the change for January was revised up from +200,000 to +239,000. With these revisions, employment gains in December and January combined were 54,000 more than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 242,000 over the last 3 months. </b></span></blockquote>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><span style="color: #0b5394;"><i><span style="color: #0b5394;"><b>February reports (to be updated as new reports are published):</b></span></i></span></i></span></div>
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<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><span style="color: #0b5394;"><b><a href="http://mollysmiddleamerica.blogspot.com/2018/03/february-2018-job-growth-under-trump.html" target="_blank">February 2018: Job growth under Trump?</a></b></span></i></span></li>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><span style="color: #0b5394;"><b>More reports will be added in the coming hours. Please check back!</b></span></i><i><span style="color: #0b5394;"><br /><br /><br /><b>Predictions?</b></span></i></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />Various prognosticators were estimating that around 200,000 new jobs were created in February. That would have been slightly above the 192,000 average new jobs created in each of the last three months. However, with new jobs at 313,000 in February, the average new jobs created in the last 3 months is 242,000, a significant increase.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Meanwhile, the payroll processor ADP estimated that we added <a href="http://www.adpemploymentreport.com/2018/February/NER/NER-February-2018.aspx" target="_blank"><b><i>235,000 private sector jobs</i></b></a> in February, they also revised their January estimate from 234,000 to 244,000 new jobs. ADP's estimates had been somewhat higher than the BLS numbers over the last few months, but February appears to be an exception. </span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com1tag:blogger.com,1999:blog-5912833783359356343.post-30800459210095542512018-02-02T10:55:00.000-06:002018-02-02T12:11:23.604-06:00January 2018: Job Growth Under Trump?<div style="text-align: justify;">
<h3>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><span style="color: #0b5394;">Jobs Numbers were released today, Friday, February 2, 2018, for January 2018. This is the 12th month of jobs reports under Trump. We are still adding jobs, and we added 200,000 jobs in January.<br /><br /><div style="text-align: center;">
<b><i><span style="color: #0b5394;"><a href="http://mollysmiddleamerica.blogspot.com/2018/02/january-2018-unemployment-rate-jobs.html" target="_blank">(Jobs reports for January 2018 can be found HERE.)</a></span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">As I said last month, it is a good thing for the people of the country that we are still adding jobs </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large; text-align: justify;">considering the uncertainty and absurdity of many of the President's policies. Please also be aware that, while tax cuts may cause a short term increase in the number of jobs, they often lead to a recession with loss of jobs a few years down the line. They also often lead to inflation-adjusted wage erosion.<br /> </span></div>
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<span style="color: #073763; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i>How are we doing compared to the last 5-6 years of the Obama Presidency?<br /></i></b><span style="color: black;">Let's not just look at raw jobs numbers, but let's look at the percentage increase in jobs numbers over six month periods. That will even out the jobs numbers, which tend to vary quite a bit month to month. Each bar represents the % increase in jobs over a 6 month period ending in the designated month. Blue bars represent six month periods during the Obama Presidency; green bars represent six month periods overlapping Obama and Trump Presidencies; red bars represent six month periods during the Trump Presidency.</span><br style="color: black;" /><br style="color: black;" /><span style="color: black;">Here is what job growth has looked like over the past five years when calculated as a percentage increase over any running six month period:</span></span></div>
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<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/-5MYnsO9Ds8U/WnSWQPDZzBI/AAAAAAAAD8Q/5IX20zJ9YIAi5xb_7wfPb7v899lDIDyIACLcBGAs/s1600/Job%2BGrowth%2Bover%2B6%2Bmonth%2BJan%2B18.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="700" data-original-width="1500" height="298" src="https://4.bp.blogspot.com/-5MYnsO9Ds8U/WnSWQPDZzBI/AAAAAAAAD8Q/5IX20zJ9YIAi5xb_7wfPb7v899lDIDyIACLcBGAs/s640/Job%2BGrowth%2Bover%2B6%2Bmonth%2BJan%2B18.png" width="640" /></a></td></tr>
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<tr><td class="tr-caption" style="font-size: 12.672px;"><b style="color: #0b5394; font-family: arial, helvetica, sans-serif; font-size: small;">Source: Change in BLS jobs numbers from <a href="https://data.bls.gov/timeseries/CES0000000001" style="color: #002a77; text-decoration-line: none;" target="_blank">chart CES0000000001</a><br />over any 6 month period as a %. (68 = .68% increase in # of jobs.)</b></td></tr>
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<a name='more'></a><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif;">You will have to click on the graph to really see it, but compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth has been slowing slightly since 2015. Job growth is slightly lower under the Trump administration than it was during the five month transition period (green sticks) or the Obama years (blue sticks) displayed on this graph. </span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><b><i><span style="color: #0b5394;">What does the future hold for job growth under Trump? </span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth... but, compared to the last years of the Obama administration, it really isn't that great (so far) or that special. </span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-36437031874278162222018-02-02T04:10:00.001-06:002018-02-02T10:59:54.860-06:00January 2018: Unemployment Rate, Jobs<br />
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;"><i><span style="font-size: large;">The January 2018 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, February 2, 2018. Job growth continued and the unemployment rate remained stable.</span></i></span></h3>
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<li style="border: none; margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><i style="font-family: arial, helvetica, sans-serif; font-size: x-large;"><b><span style="color: #cc0000;">The report showed an increase of </span><span style="color: #0b5394;">200,0000</span><span style="color: #cc0000;"> jobs which was slightly more than the 180,000 additional jobs that the pundits expected.</span></b></i></li>
<li style="border: none; margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><i style="font-family: arial, helvetica, sans-serif; font-size: x-large;"><b><span style="color: #cc0000;">The unemployment rate continued at </span><span style="color: #0b5394;">4.1% </span><span style="color: #cc0000;">for the fourth consecutive month.</span></b></i></li>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><span style="color: #0b5394;"><br /><b>January reports (updated as new reports are published):</b><br /></span></i></span><br />
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<li><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><span style="color: #0b5394;"><b><a href="http://mollysmiddleamerica.blogspot.com/2018/02/january-2018-job-growth-under-trump.html" target="_blank">January 2018: Job growth under Trump?</a></b></span></i></span></li>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><span style="color: #0b5394;"><b>More reports will be added in the coming hours. Please check back!</b></span></i><i><span style="color: #0b5394;"><br /><br /><br /><b>Predictions?</b></span></i><br /><br />Various prognosticators estimated that around 180,000 new jobs were created in January. That would be below the monthly average of 204,000 new jobs over the past three months. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Meanwhile, the payroll processor ADP estimated that we added 234,000 private sector jobs in January. ADP's estimates have been somewhat higher than the BLS numbers over the last few months. </span></div>
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</span>Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-6042584349002942172018-01-30T21:32:00.000-06:002018-01-30T21:33:32.723-06:00How Many Jobs Has Trump Created or Lost (December 2017)?<h3>
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<b style="font-family: arial, helvetica, sans-serif; font-size: small;"><i><b><i><span style="color: #0b5394; font-size: large;">How many NET jobs have been created or lost under Trump as of December 2017? </span></i></b></i></b><b style="font-family: arial, helvetica, sans-serif; font-size: small;"><b style="color: #0b5394;"><span style="color: #0b5394; font-style: italic;"><i style="color: #0b5394; font-style: italic;"><span style="font-size: large;">How many private sector jobs have been lost or added during Trump's presidency?</span></i></span></b></b></div>
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<span style="font-size: large;"><b><i><b style="color: #0b5394;"><i>How many new jobs in the last 11 months since Trump was inaugurated? </i></b></i></b><b style="background-color: white; font-family: arial, tahoma, helvetica, freesans, sans-serif; text-align: justify;"><b><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #0b5394;"><i>How many Americans were working or employed when Trump took office... compared to now? </i></span></span></b></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span class="Apple-style-span"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;"><b><i><span style="color: #0b5394;"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; font-size: large; text-align: left;">Since Obama left office & Trump took office (January 2017) in seasonally adjusted numbers:</span></i></b></span></i></b></span></span></i></b></span></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span class="Apple-style-span"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; font-size: large; text-align: left;"><span style="color: #cc0000;">1,839,000 MORE </span><span style="color: #0b5394;">jobs in total</span></span></i></b></span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span class="Apple-style-span"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; font-size: large; text-align: left;"><span style="color: #cc0000;">1,809,000 MORE</span><span style="color: #0b5394;"> private sector jobs</span></span></i></b></span></i></b></span></li>
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<b style="font-family: arial, helvetica, sans-serif;"><i><b style="text-align: center;"><i><span class="Apple-style-span"><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="color: #0b5394;">Have any private jobs been lost (net) over the past </span><span style="color: #cc0000;">11 </span><span style="color: #0b5394;">months since January 2017?</span></span></i></b></span></i></b></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><b><i><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;">NO!</span></i></b></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span class="Apple-style-span"><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><span style="color: #0b5394;"><br />Have any jobs (in total) been lost (net) over the past </span><span style="color: #cc0000;">11</span><span style="color: #cc0000;"> </span><span style="color: #0b5394;">months since January 2017?</span></i></b></span></span></i></b></span></div>
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<span style="font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><b><i><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;">NO!</span></i></b></span></i></b></span><b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #0b5394;"><span style="color: #cc0000;"><br /></span><span style="font-size: small;"><br /><span style="color: #0b5394;">Are more people unemployed now than when Trump took office in January 2017? </span><br /><span style="color: red;">NO!</span></span></span></i></b></span></div>
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<a href="https://4.bp.blogspot.com/-aKwd0vwAuc4/WnE3nYqT6KI/AAAAAAAAD78/kfQu8DinaZQSpBevW1XmeByfNo3nfJSbwCLcBGAs/s1600/PrivateJobLossGainDec2017.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1050" data-original-width="1000" height="640" src="https://4.bp.blogspot.com/-aKwd0vwAuc4/WnE3nYqT6KI/AAAAAAAAD78/kfQu8DinaZQSpBevW1XmeByfNo3nfJSbwCLcBGAs/s640/PrivateJobLossGainDec2017.png" width="609" /></a></div>
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<a name='more'></a><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><b><i><span style="color: #cc0000; font-size: large;"><br /></span></i></b></b><b style="font-size: small;"><i><span style="color: #0b5394; font-size: large;">*What's the difference between "net" and "gross" jobs gained and lost?</span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="color: #0b5394;"><br /><b><i>Let's get something straight: Jobs are lost every week and every month. </i></b>People are fired, people are laid off, businesses or locations are closed and everybody is let go. </span><i><span style="color: #0b5394;"><b><br /></b></span></i></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />Also people quit every week. You yourself, dear reader, may have quit a job at some point in time.</span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><b><br />But people are also HIRED every week and every month.</b></i><i> </i> 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. <span style="text-align: justify;"><i><span style="color: #0b5394;"><b>This happens in good times and bad.</b></span></i></span></span></span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />Yes, even in bad times, people are getting hired. Even in good times, people are let go.</span></span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />Now: The <span style="color: #667fdd;"><i><a href="http://www.bls.gov/news.release/pdf/empsit.pdf" style="color: #667fdd;" target="_blank"><b>monthly jobs report</b></a>, </i></span>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 <i>the <b>number of new jobs (people getting hired, businesses opening) MINUS the number of jobs that have been cut </b></i><b><i>(people getting fired, people quitting, businesses closing or cutting back).</i></b></span></span></div>
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<span style="text-align: left;"><i><span style="color: #0b5394;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b>The monthly jobs report therefore reports NET job growth or loss. </b></span></span></i></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="text-align: left;">For <i style="font-weight: normal;"><b><span style="color: #cc0000;">87</span> consecutive months</b></i> in this country, starting with <span style="color: #cc0000;"><i><b>76</b></i></span> months during the Obama administration, we have had <i style="font-weight: normal;"><b>MORE jobs being added than we have had jobs being cut.</b></i> For<i style="font-weight: normal;"> </i><i style="font-weight: normal;"><b><span style="color: #cc0000;">94</span> consecutive months</b></i><i style="font-weight: normal;"> </i>in the <span style="font-weight: normal;"><i>private sector</i></span> (<i style="font-weight: normal;">not</i> 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 <span style="color: #cc0000;"><b><i>83</i></b></span> months during the Obama administration, we have had</span><span style="text-align: left;"><i> <b>MORE jobs added </b></i><b><i>than we have had jobs being cut.</i></b></span></span></div>
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<b><i><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: large;">To reiterate: How many jobs have been created in the last 11 months versus how many jobs have been lost?</span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="color: #0b5394;">All numbers provided on monthly jobs reports, which is what the series on jobs created/lost under Obama or Trump is based, are <b><i>NET </i></b>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.</span><span style="text-align: center;"> </span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="color: #0b5394;">For the past 94 months (as of December 2017), we have had <b><i>NET</i></b> gains in private jobs numbers every month. In other words, in every month since February 2010, more </span><i style="color: #0b5394;">private</i><span style="color: #0b5394; font-weight: normal;"> jobs have been created than have been lost. In every month since September 2010, more jobs </span><i style="color: #0b5394;"><b>in total</b></i><span style="color: #0b5394; font-weight: normal;"> have been created than have been lost. </span><b style="color: #0b5394;"><i>This is the longest consecutive period of job growth since these numbers have been recorded.</i></b></span></div>
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<b style="font-family: arial, helvetica, sans-serif;"><i><b style="text-align: center;"><i><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><span style="color: #0b5394; font-size: large;">Fact check and important information on these jobs numbers...</span></i></b></span></i></b></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span class="Apple-style-span"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: large;">The above jobs numbers are from the<b><i> <a href="http://www.bls.gov/news.release/archives/empsit_01052018.pdf" target="_blank">BLS jobs report of December 2017,</a></i></b> which was released in early January 2018. The surveys used to gather these numbers are taken as of the week which includes the 12th day of the month, in this case, December 12, 2017.</span></span></span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-78340074816783715132018-01-30T20:49:00.002-06:002018-01-30T20:49:51.621-06:00Trump State of the Union: Job Growth? Thanks Obama! <h3>
<b style="font-family: arial, helvetica, sans-serif; font-size: x-large; text-align: justify;"><i><span style="color: #0b5394;">Private Sector Job Growth under Trump (green bar) and over the past 10 years: </span></i></b></h3>
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It has continued, but NOT accelerated under Trump. If he pretends that it is, he is lying. </div>
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<a href="https://1.bp.blogspot.com/-BRbdph0pbqY/WnEtA9ZU7uI/AAAAAAAAD7s/_HeHFzYRxNEMFawilROnPuuke3DY6T0YACLcBGAs/s1600/PrivateJobLossGainDec2017.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1050" data-original-width="1000" height="640" src="https://1.bp.blogspot.com/-BRbdph0pbqY/WnEtA9ZU7uI/AAAAAAAAD7s/_HeHFzYRxNEMFawilROnPuuke3DY6T0YACLcBGAs/s640/PrivateJobLossGainDec2017.png" width="609" /></a></div>
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<span style="color: #0b5394; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><i>Not only that but let's look at another complaint by the Trump Republicans about the Obama economy:</i></b></span></div>
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<span style="color: #0b5394; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><i>People not in the labor force</i></b></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">The Republicans complained and complained and complained about the number of people not in the labor force, a number that include people (over 16) who are retired, who are students, who are home with children. When Obama left office, that number was approximately 94 million. Now that number is well over 95 million... Not a peep about "people not working" from the Republicans.</span></div>
<br /><span style="color: #0b5394; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><i>Obama Jobs Legacy? <a href="http://mollysmiddleamerica.blogspot.com/2017/02/obamas-jobs-legacy.html" target="_blank">HERE </a></i></b></span><br /><br />Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-14125129046323659452018-01-05T09:04:00.000-06:002018-02-02T10:57:53.910-06:00December 2017: How is job growth under Trump?<div style="text-align: justify;">
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><span style="color: #0b5394;">Jobs Numbers were released for December 2017 on Friday, January 5, 2018. This is the 11th month of jobs reports under Trump. We are still adding jobs, and we added 148,000 jobs in December (seasonally adjusted, meaning that holiday hiring is taken into account.)<br /><br /><br /><div style="text-align: center;">
<a href="http://mollysmiddleamerica.blogspot.com/2018/02/january-2018-job-growth-under-trump.html" target="_blank">This report has been updated for January 2018 HERE</a>!</div>
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<a href="http://mollysmiddleamerica.blogspot.com/2018/01/december-2017-unemployment-rate-jobs.html" style="font-weight: bold;" target="_blank"><i><span style="color: #0b5394;"></span></i></a><i><span style="color: #0b5394;"><br /><a href="http://mollysmiddleamerica.blogspot.com/2018/01/december-2017-unemployment-rate-jobs.html" target="_blank">(Jobs reports for December 2017 and can be found HERE.)</a></span></i></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">It is a good thing for the people of the country that we are still adding jobs </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large; text-align: justify;">considering the uncertainty and absurdity of many of the President's policies. </span></div>
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<span style="color: #073763; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i>How are we doing compared to the last 5-6 years of the Obama Presidency?</i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Let's not just look at raw jobs numbers, but let's look at the percentage increase in jobs numbers over six month periods. That will even out the jobs numbers, which tend to vary quite a bit month to month. Each bar represents the % increase in jobs over a 6 month period.<br /><br />Here is what job growth has looked like over the past five years when calculated as a percentage increase over any running six month period:</span></div>
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<tr><td style="text-align: center;"><a href="https://2.bp.blogspot.com/-veTVa-ladBc/Wk-Swj7RwRI/AAAAAAAAD5A/ihQ7alkUNcoFQFnARp9qgn9oDWAuZBG5ACEwYBhgL/s1600/Job%2Bgrowth%2BDecember%2B2017.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="700" data-original-width="1400" height="320" src="https://2.bp.blogspot.com/-veTVa-ladBc/Wk-Swj7RwRI/AAAAAAAAD5A/ihQ7alkUNcoFQFnARp9qgn9oDWAuZBG5ACEwYBhgL/s640/Job%2Bgrowth%2BDecember%2B2017.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b style="color: #0b5394; font-family: arial, helvetica, sans-serif; font-size: small;">Source: Change in BLS jobs numbers from <a href="https://data.bls.gov/timeseries/CES0000000001" target="_blank">chart CES0000000001</a><br />over any 6 month period as a %. (68 = .68% increase in # of jobs.)</b></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><span style="font-family: "arial" , "helvetica" , sans-serif;">You may have to click on the graph to really see it, but just compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth has been slowing slightly since 2015. Job growth is slightly lower under the Trump administration than it was during the five month transition period (green sticks) or the Obama years (blue sticks) displayed on this graph. </span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><b><i><span style="color: #0b5394;">What does the future hold for job growth under Trump? </span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth... but it really isn't that great (so far) or that special. </span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-59627372399039041032018-01-05T08:23:00.003-06:002018-01-05T16:00:36.216-06:00December 2017 Unemployment Rate, Jobs<h3 style="text-align: justify;">
<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i>The December 2017 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, January 5, 2018. Job growth slowed and the unemployment rate remained stable.</i></span></h3>
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<a href="https://4.bp.blogspot.com/-jnMJ8Qn3HVE/Wk-MMjqYPGI/AAAAAAAAD40/ibU5gPnIxUcYA9swA5C_noN_7fQnR4hagCLcBGAs/s1600/Screenshot%2B2018-01-05%2Bat%2B8.29.39%2BAM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="488" data-original-width="964" height="323" src="https://4.bp.blogspot.com/-jnMJ8Qn3HVE/Wk-MMjqYPGI/AAAAAAAAD40/ibU5gPnIxUcYA9swA5C_noN_7fQnR4hagCLcBGAs/s640/Screenshot%2B2018-01-05%2Bat%2B8.29.39%2BAM.png" width="640" /></a></div>
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<li style="text-align: justify;"><i style="font-family: arial, helvetica, sans-serif; font-size: x-large;"><b><span style="color: #cc0000;">The report showed an increase of </span><span style="color: #0b5394;">148,000</span><span style="color: #cc0000;"> jobs which was a drop after November's increase of 252,000 jobs.</span></b></i></li>
<li style="text-align: justify;"><i style="font-family: arial, helvetica, sans-serif; font-size: x-large;"><b><span style="color: #cc0000;">The unemployment rate continued at </span><span style="color: #0b5394;">4.1% </span><span style="color: #cc0000;">for the third consecutive month.</span></b></i></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394;"><b style="background-color: white; font-style: italic; text-align: center;"><span style="font-size: large;">Other December 2017 Job Report Highlights:</span></b> </span><br />
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<li style="font-size: x-large;"><b style="color: #cc0000;"><span style="font-size: large;"><span style="color: #cc0000;">In 2017, we added about 2.0 million jobs; slightly less than the 2.2 million jobs we added in 2016.</span></span></b></li>
<li style="font-size: x-large;"><b style="font-size: medium;"><b><b><span style="font-size: large;"><span style="color: #cc0000;">Over the past 3 months, job gains have averaged </span><i><span style="color: #0b5394;">204,000</span></i><span style="color: #cc0000;"> per month. Over the past 12 months, job gains have averaged
<i><span style="color: #0b5394;">171,000</span></i><span style="color: #cc0000;"> per month.</span></span></span></b></b></b></li>
<li style="font-size: x-large;"><b style="font-size: medium;"><b><b><span style="font-size: large;"><span style="color: #cc0000;"><span style="color: #cc0000;">The number of employed people increased by </span><i><span style="color: #0b5394;">104,000</span></i><i style="color: #cc0000;"> </i><span style="color: #cc0000;">in the month; the number of employed people increased by </span><i><span style="color: #0b5394;">1,788,000</span></i><span style="color: #cc0000;"> over the year.</span></span></span></b></b></b></li>
<li><b><span style="font-size: large;"><span><span style="color: #cc0000;">The number of unemployed people DECREASED by </span><span style="color: #0b5394;"><i>40,000</i></span><span style="color: #cc0000;"> even as </span></span><i><span style="color: #0b5394;">64,000</span></i><span style="color: #cc0000;"><i> </i>people joined the labor force during the month.</span></span></b></li>
<li><b><span style="font-size: large;"><span style="color: #cc0000;">The number of unemployed people decreased by </span><span style="color: #0b5394;"><i>926,000</i></span><span style="color: #cc0000;"> over the year even as </span><span style="color: #0b5394;"><i>861,000</i></span><span style="color: #cc0000;"> people joined the labor force. (You don't have to be receiving unemployment benefits to be counted as unemployed; you merely need to be looking for work.)</span></span></b></li>
<li><b><span style="font-size: large;"><i><span style="color: #0b5394;">35,000</span></i><span style="color: #cc0000;"> </span><span style="color: #cc0000;">FEWER people are working full-time</span><span style="color: #cc0000;"> and </span><i><span style="color: #0b5394;">119,000</span></i><span style="color: #cc0000;"> MORE people were working part-time in December vs. November in seasonally-adjusted numbers.</span></span></b></li>
<li><b><span style="font-size: large;"><span style="color: #cc0000;">Compared to December 2016, </span><i><span style="color: #0b5394;">2,422,000</span></i><span style="color: #cc0000;"> MORE people are working full-time and </span><i><span style="color: #0b5394;">633,000</span></i><span style="color: #cc0000;"> FEWER people are working part-time using seasonally adjusted numbers. </span></span></b></li>
<li style="font-size: x-large;"><b><span style="color: #cc0000;">The alternate unemployment rate (U-6) increased slightly to </span><i><span style="color: #0b5394;">8.1%</span></i><span style="color: #cc0000;"> this month. A year ago the U-6 rate was </span><i><span style="color: #0b5394;">9.1%</span><span style="color: #cc0000;">.</span></i></b></li>
<li style="font-size: x-large;"><b><span style="color: #cc0000;">The Labor Force participation rate has been VERY stable since 2014, varying between </span><span style="color: #cc0000;">62.4% </span><span style="color: #cc0000;">and </span><span style="color: #cc0000;">63%</span><span style="color: #cc0000;">. It was </span><span style="color: #0b5394;">62.7%</span><span style="color: #cc0000;"> </span><span style="color: #cc0000; font-size: large;">in December 2017, exactly the same as it was in December 2016.</span></b></li>
<li style="font-size: x-large;"><b><i>Remember that there is NO ideal labor force size, and most of the overall decrease in the labor force participation RATE over the last few years has been due to Baby Boomers retiring in great numbers.</i></b></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="background-color: white; text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-style: italic;"><span style="color: #cc0000; font-size: large;"><i>Revisions from the last BLS report: </i></span></b></span></b></span></div>
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b>The change in total nonfarm payroll employment for October was revised down from +244,000 to
+211,000, and the change for November was revised up from +228,000 to +252,000. With these
revisions, employment gains in October and November combined were 9,000 less than previously
reported. (Monthly revisions result from additional reports received from businesses and government
agencies since the last published estimates and from the recalculation of seasonal factors.) After
revisions, job gains have averaged 204,000 over the last 3 months. </b></span></blockquote>
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<li style="text-align: center;"><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;"><b>Job Growth Under Trump? <a href="http://mollysmiddleamerica.blogspot.com/2018/01/december-2017-how-is-job-growth-under.html" target="_blank">HERE </a></b></span></li>
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<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Obama's final jobs numbers <a href="http://mollysmiddleamerica.blogspot.com/2017/02/how-many-jobs-has-obama-created-or-lost.html" target="_blank">HERE.</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Trump's million jobs: Good or bad? <a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">HERE</a></span></b></b></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-size: x-large; font-style: italic; text-align: center;">Other December 2017 reports will be added and indexed here as they become available over the next hours and days. Please check back!</b></span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-90676835887933927372017-12-08T12:44:00.001-06:002018-01-05T09:10:14.440-06:00November 2017 Unemployment Rate, Jobs<h3 style="text-align: center;">
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2018/01/december-2017-unemployment-rate-jobs.html" target="_blank"><i>The December Job Report has been published and can be found HERE.</i></a></span></h3>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: red; font-size: large; font-style: italic;"><i style="text-align: center;"><span style="font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2017/12/november-2017-how-is-job-growth-under.html" target="_blank"><b>How Is Job Growth Under Trump?</b></a></span></i></span></span></div>
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</span>Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-69447883488071747252017-12-08T12:22:00.002-06:002018-01-05T14:13:53.877-06:00November 2017: How Is Job Growth Under Trump? <div style="text-align: center;">
<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><a href="http://mollysmiddleamerica.blogspot.com/2018/01/december-2017-how-is-job-growth-under.html" target="_blank">This report has been updated for December 2017 HERE.</a></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><span style="font-weight: normal;">Jobs Numbers were released today, Friday, December 8, 2017, for November 2017. This is the 9th month of jobs reports under Trump. We are still adding jobs, and we added a solid 228,000 jobs in November.</span><br /><br /><a href="http://mollysmiddleamerica.blogspot.com/2018/01/december-2017-unemployment-rate-jobs.html" style="color: #0b5394; font-style: italic; font-weight: bold;" target="_blank">(Jobs reports have now been released for December 2017 and can be found HERE.)</a></span></h3>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />That is a good thing for the people of the country </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large; text-align: justify;">considering the uncertainty and absurdity of many of the President's policies. </span></div>
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<span style="color: #073763; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i>How are we doing compared to the last 5-6 years of the Obama Presidency?</i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Let's not just look at raw jobs numbers, but let's look at the percentage increase in jobs numbers over six month periods. That will even out the jobs numbers, which tend to vary quite a bit month to month. Each bar represents the % increase in jobs over a 6 month period.<br /><br />Here is what job growth has looked like over the past five years when calculated as a percentage increase over any running six month period:</span></div>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-gw8YJMWLeZk/WirWc35eGyI/AAAAAAAADwE/SCNKm-aCFMA_rYvPVI00u_dB9AHXkNGVQCLcBGAs/s1600/Increase%2Bin%2Bjobs%2Bover%2B6%2Bmonths%2Bw%2Btext.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="700" data-original-width="1400" height="320" src="https://1.bp.blogspot.com/-gw8YJMWLeZk/WirWc35eGyI/AAAAAAAADwE/SCNKm-aCFMA_rYvPVI00u_dB9AHXkNGVQCLcBGAs/s640/Increase%2Bin%2Bjobs%2Bover%2B6%2Bmonths%2Bw%2Btext.jpg" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b style="color: #0b5394; font-family: arial, helvetica, sans-serif; font-size: small;">Source: Change in BLS jobs numbers from <a href="https://data.bls.gov/timeseries/CES0000000001" target="_blank">chart CES0000000001</a><br />over any 6 month period as a %</b></td></tr>
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<a name='more'></a><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><span style="font-family: "arial" , "helvetica" , sans-serif;">You may have to click on the graph to really see it, but just compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth has been slowing slightly since 2015. Job growth is slightly lower under the Trump administration than it was during the five month transition period (green sticks) or the Obama years (blue sticks) displayed on this graph. This is the best six month period for job growth under Trump, but job growth is still less than it was a year ago under Obama. </span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><b><i><span style="color: #0b5394;">What does the future hold for job growth under Trump? </span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth.. but it really isn't that great (so far) or that special. </span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-23954642592893933662017-11-07T22:22:00.002-06:002017-11-22T08:43:58.928-06:00How Is Job Growth Under Trump? Well....<div style="text-align: justify;">
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i>Well... We are still adding jobs as we move into the 10th month of the Trump Presidency. That's a good thing considering the uncertainty and absurdity of many of the President's policies. </i></b></span></h3>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />But how are we doing compared to the last 5-6 years of the Obama Presidency?</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Let's not just look at raw jobs numbers, but let's look at the percentage increase in jobs numbers over six month periods. That will even out the jobs numbers, which tend to jump up and down month to month, over a six month period. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Here is what job growth has looked like over the past five years when calculated as a percentage increase over any running six month period:</span></div>
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<tr><td style="text-align: center;"><a href="https://3.bp.blogspot.com/-MdFQMkTydFI/WhWL5Rx7AvI/AAAAAAAADrk/TRFboLOYl20w575xejLEPOuherHsb5cLwCLcBGAs/s1600/Jobs%2Bincrease%2B%2B6%2Bmonths%2Bw%2Btitle.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="800" data-original-width="1600" height="320" src="https://3.bp.blogspot.com/-MdFQMkTydFI/WhWL5Rx7AvI/AAAAAAAADrk/TRFboLOYl20w575xejLEPOuherHsb5cLwCLcBGAs/s640/Jobs%2Bincrease%2B%2B6%2Bmonths%2Bw%2Btitle.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="color: #0b5394; font-family: Arial, Helvetica, sans-serif; font-size: x-small;"><b>Source: Change in BLS jobs numbers from <a href="https://data.bls.gov/timeseries/CES0000000001" target="_blank">chart CES0000000001</a><br />over any 6 month period as a %</b></span></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">You may have to click on the graph to really look at it, but just compare the red sticks on the right (job growth under Trump) with the green and blue sticks. Job growth has been slowing slightly since 2015. Job growth is certainly lower under the Trump administration than it was during the five month transition period (green sticks) or the Obama years (blue sticks) displayed on this graph.</span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><b><i><span style="color: #0b5394;">What does the future hold for job growth under Trump? </span></i></b></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">We really don't know. We know that job growth is <b><i>usually</i></b> better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth.. but it really isn't that great (so far) or that special. </span></div>
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</span>Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-45385906330871664422017-11-03T02:04:00.000-05:002017-11-03T03:09:37.198-05:00October 2017 Jobs Preview<h3>
<b style="font-family: arial, helvetica, sans-serif; font-size: x-large; text-align: justify;"><i><span style="color: #0b5394;">Big jump expected! </span></i></b></h3>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />It seems as though September jobs numbers were released eons ago, and mediocre jobs numbers they were. In fact, according to the Bureau of Labor Statistics, we actually LOST 33,000 jobs in September, the first time that has happened in the United States since 2010.<br /><br /><b><i><span style="color: #0b5394;">The Big But.. (please read below)</span></i></b></span></div>
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<a href="https://2.bp.blogspot.com/-pOMrhNS3-WQ/WfwUU5M9gtI/AAAAAAAADm8/DOGTHdXil_I8RM6uEaClHHcz7lF8ZjB5ACLcBGAs/s1600/%2BJobs%2Bnumbers%2BTMA.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="426" src="https://2.bp.blogspot.com/-pOMrhNS3-WQ/WfwUU5M9gtI/AAAAAAAADm8/DOGTHdXil_I8RM6uEaClHHcz7lF8ZjB5ACLcBGAs/s640/%2BJobs%2Bnumbers%2BTMA.jpg" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">BUT most economists thought that the big reason for the drop in jobs in September were the three massive hurricanes that caused so much trouble for Texas, Florida, and Puerto Rico in the late August through September time frame. If so that would mean that jobs numbers should have bounced back in October... Well, tomorrow morning we will see!</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">The jobs pundits are forecasting anywhere from 300,000 to 325,000 new jobs in October... still an average for the two months of September/October of a mediocre 130,000 to 135,000. There is also a good chance that jobs numbers for September will be adjusted upwards. Many areas of Florida and Puerto Rico were not able to report jobs numbers at all in September, as jobs numbers are reported as of the week containing the 12th day of the month... Right smack dab during hurricane time.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /><b><i><span style="color: #0b5394;">The ADP harbinger of jobs numbers:</span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br />The payroll processor ADP released its <a href="https://www.adpemploymentreport.com/2017/October/NER/NER-October-2017.aspx" target="_blank"><b><i>monthly report of private job growth</i></b></a> on Wednesday, October 31st, and they estimate an additional 235,000 private sector jobs were added in October.. not as many as have been estimated by other jobs forecasters but still good, steady job growth.<br /><br />But ADP did estimate an increase of 22,000 manufacturing jobs, and an average addition of 12,000 manufacturing jobs per month over the last 6 months, a bit lower than the average addition of manufacturing jobs under Obama in the 2014-2015 timeframe, and a slight decrease from the 6 month average increase of mfg jobs earlier this year. <br /><br />So we will be waiting at 8:30 a.m. Eastern time tomorrow to see what the jobs Gods at the BLS tell us!<br /><br /><br /><b><i><span style="color: #0b5394;">Preview reading:</span></i></b><br /><br /><i><a href="https://www.cnbc.com/2017/11/02/big-rebound-in-october-jobs-expected-after-hurricanes-hit-september-hiring.html" style="font-weight: bold;" target="_blank">CNBC: Big rebound in October jobs expected after hurricanes hit September hiring</a><br /><br /><a href="http://money.cnn.com/2017/11/03/news/economy/october-jobs-report/index.html" style="font-weight: bold;" target="_blank">CNN: What to look for in Friday's jobs report</a><br /><br /><a href="https://blogs.wsj.com/briefly/2017/11/02/5-things-to-watch-in-the-october-jobs-report-4/" style="font-weight: bold;" target="_blank">Wall Street Journal: Five Things to Watch in the October Jobs Report</a><br /><br /><a href="http://www.forexlive.com/news/!/nfp-due-friday-us-time-previews-20171103" style="font-weight: bold;" target="_blank">Forex: NFP due Friday US time - previews</a><br /><br /><a href="http://www.forexlive.com/news/!/its-nfp-friday-previews-20171102" style="font-weight: bold;" target="_blank">Forex: Barclay's Preview</a><br /><br /><b><a href="https://www.marketwatch.com/story/get-ready-for-a-huge-jump-in-october-payrolls-2017-11-02" target="_blank">Marketwatch: Get ready for a huge jump in October payrolls</a></b></i></span><br />
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-68153753652843338512017-10-06T10:12:00.003-05:002017-10-06T11:58:58.893-05:00September 2017 Unemployment Rate, Jobs<div style="text-align: justify;">
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: large;">33,000 jobs lost, probably due to Hurricanes Harvey, Irma, and Maria. Unemployment drops to 4.2%. </span></h3>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">This is the first drop in total jobs since September 2010 with a huge drop in the number of people employed in the "Food Services and Drinking Places" sector. We won't know if this total drop was due to the hurricanes at least until the state employment reports for September are published later this month.<br /><i style="color: #cc0000;"><br /><b>The September 2017 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, October 6. </b></i></span><br />
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<li><i style="font-family: arial, helvetica, sans-serif; font-size: x-large;"><span style="color: #cc0000;">This was a very mediocre report, showing a loss of </span><span style="color: #0b5394;"><span style="color: #cc0000;">33,000 </span><span style="color: #cc0000;">jobs</span></span><span style="color: #cc0000;">, the first loss in total jobs since September 2010. </span></i></li>
<li><i style="font-family: arial, helvetica, sans-serif; font-size: x-large;"><span style="color: #cc0000;">However, the unemployment rate dropped down to </span><span style="color: #0b5394;">4.2%, </span><span style="color: #cc0000;">the lowest unemployment rate since February 2001.</span></i></li>
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><b>Hurricane influence?</b></i></span></div>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="color: #cc0000;"></span></span><br />
<a name='more'></a><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="color: #cc0000;">The jobs numbers were definitely affected by the severe hurricanes that hit the US in August and September, but we won't know how much of a factor these hurricanes were for a few weeks. These jobs numbers may also represent a turn-around from a strong Obama economy to a weaker Trump economy, but we won't know for awhile.</span><br /><br /><b><i><span style="color: #0b5394;">What happened after Katrina?</span></i></b><br /><br /><span style="color: #cc0000;">Jobs numbers did go down in the immediate aftermath of Hurricane Katrina. Initially, 35,000 jobs were reported as lost in September 2005. But as reports were amended and corrected, it was determined that 67,000 jobs were actually added in September 2005 and 84,000 jobs were added in October. Job losses were reported in more sectors in September 2005; in today's report, job losses are really concentrated in the "Food services and drinking places" sector, which lost 104,000 jobs. </span></span><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-weight: normal;"><br /><br />The economy has been adding jobs consistently for 7 1/2 years now, so this reversal is noteworthy. In 45 of the 83 months between early 2010 and the end of the Obama Presidency, 200,000 or more jobs were added.</span></span></span></div>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394;"><b style="background-color: white; font-style: italic; text-align: center;"><span style="font-size: large;">September 2017 Job Report Highlights:</span></b> </span></span></div>
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<li style="text-align: justify;"><b style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="font-size: large;"><b style="color: #cc0000;">The economy lost </b><b><i><span style="color: #cc0000;">33,000</span></i></b><b style="color: #cc0000;"><span style="color: #cc0000;"> jobs, the first drop since September 2010. </span></b></span></span></b></li>
<li style="text-align: justify;"><b style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="font-size: large;"><b style="color: #cc0000;"><span style="color: #cc0000;">The unemployment rate decreased by </span><i><span style="color: #cc0000;">0.2%</span></i><span style="color: #cc0000;"> to </span></b></span><b style="font-style: italic;"><span style="font-size: large;"><i style="font-style: italic;"><span style="color: #cc0000;">4.2%. The unemployment rate is reported in the Current Population Report, not the same report that reports the jobs numbers. The CPS shows over half a million people entered the labor force in September, and about 900,000 more people are working in September, accounting for the drop in the unemployment rate. (More about this below.)</span></i><span style="color: #cc0000;"><br /></span></span></b></span></b></li>
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<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">Over the past 3 months, job gains have averaged </span><i>91,000</i><span style="color: #cc0000;"> per month. Over the past 12 months, job gains have averaged </span><i>148,000</i><span style="color: #cc0000;"> per month.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">Over the past 8 months, since Trump took office, job gains have averaged <i>140,000</i> per month. In the last 8 months of the Obama administration, job gains averaged <i>209,000</i> per month. In the 8 months ending a year ago, in September 2016, job gains averaged <i>219,000</i> per month. </span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The number of employed people INCREASED by 906,000</span>. <span style="color: #cc0000;">The number of unemployed people DECREASED by </span><i>331,000</i><span style="color: #cc0000;"> as </span><i>575,000</i><span style="color: #cc0000;"> people joined the labor force and almost all of them found work. These are NET numbers.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><i>935,000</i> <span style="color: #cc0000; font-size: large;">MORE people are working full-time</span><span style="color: #cc0000; font-size: large;"> and </span><i>81,000</i><span style="color: #cc0000; font-size: large;"> MORE people were working part-time in September vs. August.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">There were </span><i>40,000</i><span style="color: #cc0000;"> FEWER private sector jobs, and </span><i>7,000 </i><span style="color: #cc0000;">MORE government jobs in September. </span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The alternate unemployment rate (U-6) decreased to </span><i>8.3%</i><span style="color: #cc0000;"><span style="color: #cc0000;"> this month. A year ago the U-6 rate was </span><i>9.7%.</i><span style="color: #cc0000;"> </span></span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The Labor Force participation rate has been VERY stable since 2014, varying between </span>62.4% <span style="color: #cc0000;">and </span>63%<span style="color: #cc0000;">. It was </span>63.1% <span style="color: #cc0000; font-size: large;">in September, an increase of 0.2% since August. It has risen </span><span style="color: #cc0000; font-size: large;">0.2%</span><span style="color: #cc0000; font-size: large;"> over the past year, since September 2016.</span></span></li>
<li style="text-align: justify;"><span style="font-style: italic;"><span style="color: #cc0000; font-size: large;">Remember that there is NO ideal labor force size, and most of the overall decrease in the labor force participation RATE over the last few years has been due to Baby Boomers retiring in great numbers.</span></span></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="background-color: white; text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-style: italic;"><span style="color: #cc0000; font-size: large;"><i>Revisions from the last BLS report: </i></span></b></span></b></span></div>
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: large;">The change in total nonfarm payroll employment for July was revised down from +189,000 to +138,000, and the change for August was revised up from +156,000 to +169,000. With these revisions, employment gains in July and August combined were 38,000 less than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 91,000 over the past 3 months. </span></blockquote>
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<li style="text-align: center;"><span style="color: #cc0000;"><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Democratic House leader Nancy Pelosi talks about this </span><a href="https://www.democraticleader.gov/newsroom/10617/" style="font-family: arial, helvetica, sans-serif;" target="_blank"><i>jobs report HERE.</i></a></b></span></li>
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<li style="text-align: center;"><b><b><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Obama's final jobs numbers <a href="http://mollysmiddleamerica.blogspot.com/2017/02/how-many-jobs-has-obama-created-or-lost.html" target="_blank">HERE.</a></span></b></b></li>
<li style="text-align: center;"><b><b><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Trump's million jobs: Good or bad? <a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">HERE</a></span></b></b></li>
<li style="text-align: center;"><b><b><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">How Many Jobs Added Under Trump?<br />Report for August 2017 <a href="http://mollysmiddleamerica.blogspot.com/2017/09/how-many-jobs-has-trump-created-or-lost.html" target="_blank">HERE</a></span></b></b></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-size: x-large; font-style: italic; text-align: center;">September 2017 reports: (Notation on the links will be changed to "UPDATED for September" when the updated reports become available over the weekend. Not all reports are updated every month.)</b></span></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><span style="color: purple;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/unemployment-rate-when-trump-took-office.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">What Was the Unemployment Rate When Obama Took Office? When Trump took office? (compared to today)? </span></a></span></b></i></b></i></b></b></b></b></b></i></b></span></li>
<li style="margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="font-style: normal;"><i><span style="color: purple;"><span style="color: #667fdd; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-has-trump-created-or-lost.html" style="color: #667fdd;" target="_blank">How Many Jobs Created or Lost Under Trump? - Full-time vs. Part-time? - </a></span></span></i></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="font-style: normal;"><i><span style="color: purple; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2016/07/full-time-job-growth-democrats.html" style="color: #667fdd;" target="_blank">Democrats rock at full-time job creation! - </a></span></i></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><span style="color: #0000ee;"><span style="color: #667fdd; font-size: large; text-decoration: none;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-were-created-in-2017.html" style="color: #667fdd;" target="_blank">How Many Jobs Have Been Created in 2017?</a> - </span></span></i></b></span></li>
<li style="text-align: justify;"><b style="color: purple;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="line-height: normal;"><b style="font-style: normal; line-height: 22px;"><i><a href="http://mollysmiddleamerica.blogspot.com/2012/02/jobs-lost-created-2007-2008-2009.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">Jobs Lost/Gained Year by Year Since 1999 - </span></a></i></b></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><a href="http://mollysmiddleamerica.blogspot.com/2017/08/no-there-are-not-93-million-people-long.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">93 Million People Not in the Labor Force? Who are those people? Latest update is for July 2017</span></a></i></b></li>
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<b style="background-color: white; color: #cc0000; font-family: arial, helvetica, sans-serif; font-style: italic; text-align: center;"><span style="font-size: large;">More highlights and reports will continue to be posted here over the coming days and weeks. Please check back!</span></b><br />
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-42539453211597845682017-09-07T12:27:00.001-05:002017-09-07T13:08:29.245-05:00Weekly Unemployment Claims: Week Ending September 2, 2017<h3>
<b style="font-family: arial, helvetica, sans-serif; text-align: justify;"><i><span style="color: #0b5394; font-size: small;"><span style="font-size: small;">Claims for Unemployment Benefits Jump</span></span></i></b></h3>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: small;">Thanks to Hurricane Harvey, initial claims for unemployment benefits increased by about <b><i><span style="color: #cc0000;">61,000</span></i></b> in seasonally adjusted numbers, <b><i><span style="color: #cc0000;">53,000</span></i></b> in unadjusted "real" numbers.</span><br /><br /><span style="font-size: small;">Notice the big hockey stick increase in the right at <b><i><a href="https://www.dol.gov/ui/data.pdf" target="_blank">this graph from the Department of Labor</a>:</i></b></span></span></div>
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<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/-JSG81dBfpeY/WbFrUvlOuzI/AAAAAAAADkU/eKBeosCNeXs9PltLdLmAtLdhhGQlVq2fQCLcBGAs/s1600/Weekly%2Bunemployent%2Bclaims%2Bweek%2Bending%2BSep%2B2.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="810" data-original-width="963" height="538" src="https://4.bp.blogspot.com/-JSG81dBfpeY/WbFrUvlOuzI/AAAAAAAADkU/eKBeosCNeXs9PltLdLmAtLdhhGQlVq2fQCLcBGAs/s640/Weekly%2Bunemployent%2Bclaims%2Bweek%2Bending%2BSep%2B2.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">From the<a href="http://www.dol.gov/ui/data.pdf" target="_blank"> Department of Labor</a></span></b></td></tr>
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<a name='more'></a><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: medium;">This is a huge increase, and almost all of those extra claims came from Texas. I would think there will be another jump from Harvey next week and we will also see claims from Florida and Puerto Rico jump due to Irma. We won't know how much these weather disasters will impact the economy at large and the labor market at large for several weeks. </span><br /><br /><span style="font-size: medium;"><b><i><span style="color: #0b5394;"><br />Comparing the Impact of Harvey to the Impact of Hurricane Katrina?</span></i></b><br /><br />Back in September 2005 initial claims jumped about 100,000 claims in the first three weeks after Katrina, but they came down after that. Continued claims jumped about 300,000 in the first three weeks after Katrina hit, but then started to decline.<br /><br />Houston is a bigger area and Harvey was a larger hit than was Katrina in New Orleans. We can expect at least a 100,000 spike in initial claims over the next few weeks, and at least a 300,000 spike in continued claims over the next month. <br /><br />(Continued weekly claims are reported a week behind initial claims, so this week's report did not show an increase in continued claims.)<br /><br /><b><i><span style="color: #0b5394;">How Many People Are Getting Laid Off In Recent Weeks?</span></i></b><br /><br />The insured unemployment rate, meaning the number of people who are collecting on unemployment claims as a percentage of the number of people working in jobs in which employers are paying into the unemployment insurance fund, continues to decline and is the lowest EVER, a path on which it started back in 2016.<br /><br />The number of people getting laid off and filing for unemployment benefits is still, apart from the recent increase due to Harvey claims, at record-breaking lows. We have not had sustained 4-week averages of new unemployment claims in the 230,000 to 240,000 range since mid 1973.</span></span></div>
Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-21836429952949925002017-09-06T18:16:00.000-05:002018-01-07T18:20:49.253-06:00How Many Jobs Has Trump Created or Lost? (August 2017 update)<h3 style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;"><b><i><b><i><span style="color: #0b5394; font-size: large;">How many NET jobs have been created or lost under Trump as of August 2017? </span></i></b></i></b><b><b style="color: #0b5394;"><span style="color: #0b5394; font-style: italic;"><i style="color: #0b5394; font-style: italic;"><span style="font-size: large;">How many private sector jobs have been lost or added during Trump's presidency?</span></i><br /><br /><div style="font-size: x-large; text-align: center;">
<b><b style="color: #0b5394;"><span style="color: #0b5394; font-size: small; font-style: italic;">*See below</span></b></b></div>
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<b style="font-size: x-large;"><b style="color: #0b5394;"><span style="color: #0b5394; font-style: italic;"><i style="color: #0b5394; font-size: x-large; font-style: italic;"> </i></span></b></b><b style="font-family: "times new roman"; font-size: medium; text-align: center;"><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="color: #cc0000;">**************************************</b></span></b></b></div>
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<b><b><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="color: #cc0000;">August 2017 numbers were released </b></span></b></b></b><br />
<b><b><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="color: #cc0000;">Friday morning, September 1st. </b></span></b></b></b><br />
<b><b><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="color: #cc0000;">All AUGUST reports and info are listed <a href="http://mollysmiddleamerica.blogspot.com/2017/09/august-2017-unemployment-rate-jobs.html" target="_blank">HERE.</a><br />September # will be released Friday, October 6.</b></span></b></b></b></div>
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<ul><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><b style="color: #0b5394;">
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000;">Obama's final jobs numbers <a href="http://mollysmiddleamerica.blogspot.com/2017/02/how-many-jobs-has-obama-created-or-lost.html" target="_blank">HERE.</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000;">Trump's million jobs: Good or bad? <a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">HERE</a></span></b></b></li>
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<b><b><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b style="color: #cc0000;">**************************************</b></span></b></b></b></div>
<b style="font-size: x-large;"><i><b style="color: #0b5394;"><i><span style="font-size: medium;"><br />How many new jobs in the last 7 months since Trump was inaugurated? </span></i></b></i></b><b style="background-color: white; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 13.2px;"><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="color: #0b5394;"><i>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?</i></span></span></b></b><b style="font-size: x-large;"><b style="color: #0b5394;"><span style="color: #0b5394; font-style: italic;"><div style="text-align: center;">
<b><b style="color: #0b5394;"><span style="color: #0b5394; font-size: small; font-style: italic;">*See below</span></b></b></div>
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<tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-4W3NM51g34I/WZ_D9NJnQwI/AAAAAAAADVU/nrQ3GBMRXA0cpUYJcsMxzulWeBPQOseMwCLcBGAs/s1600/Private%2Bsector%2Bjobs%2B2008%2Bto%2Bnow%2B2.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1050" data-original-width="1000" height="640" src="https://1.bp.blogspot.com/-4W3NM51g34I/WZ_D9NJnQwI/AAAAAAAADVU/nrQ3GBMRXA0cpUYJcsMxzulWeBPQOseMwCLcBGAs/s640/Private%2Bsector%2Bjobs%2B2008%2Bto%2Bnow%2B2.jpg" width="608" /></a></td></tr>
<tr><td class="tr-caption" style="font-size: 22.4px;"><b style="color: #0b5394; font-family: arial, helvetica, sans-serif; font-size: small;">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.</b></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-size: x-large;"><i><span style="color: #0b5394;"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; text-align: left;">Since Obama left office & Trump took office (January 2017) in seasonally adjusted numbers:</span></i></b></span></i></b></span></span></i></b></span></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; text-align: left;"><span style="color: #cc0000;">1,189,000 MORE </span><span style="color: #0b5394;">jobs in total</span></span></i></b></span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; text-align: left;"><span style="color: #cc0000;">1,202,000 MORE</span><span style="color: #0b5394;"> private sector jobs</span></span></i></b></span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; text-align: left;"><span style="color: #cc0000;">1,358,000 MORE</span><span style="color: #0b5394;"> people working</span></span></i></b></span></i></b></span></li>
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<b style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: medium; font-style: italic;">How many workers were full-time or part-time when Trump was inaugurated compared to now?</b></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #cc0000;">1,050,000 MORE</span> <span style="color: #0b5394;">people working full-time</span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #cc0000;">164,000 MORE </span><span style="color: #0b5394;">people working part-time</span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #cc0000;">585,000 FEWER</span><span style="color: #0b5394;"> people working part-time INVOLUNTARILY (because they couldn't find a full-time job.) </span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #0b5394;">About </span><span style="color: #cc0000;">1,827,000</span><span style="color: #0b5394;"> </span><span style="color: #cc0000;">MORE</span><span style="color: #0b5394;"> people are working part-time voluntarily-- because they WANT to work part-time-- since Trump was inaugurated. </span></i></b></span></li>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><b style="text-align: center;"><i><span class="Apple-style-span"><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="color: #0b5394;">Have any private jobs been lost (net) over the past </span><span style="color: #cc0000;">7 </span><span style="color: #0b5394;">months since January 2017?</span></span></i></b></span></i></b></i></b></span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><b><i><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">NO!</span></i></b></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #0b5394;"><br />Have any jobs (in total) been lost (net) over the past </span><span style="color: #cc0000;">7</span><span style="color: #cc0000;"> </span><span style="color: #0b5394;">months since January 2017?</span></i></b></span></span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><span class="Apple-style-span"><b><i><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">NO!</span></i></b></span></i></b></span><b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #0b5394;"><span style="color: #cc0000;"><br /></span><span style="color: #0b5394; font-size: medium;"><br />Are more people unemployed now than when Trump took office in January 2017? </span></span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><b><i><span style="color: #cc0000;">NO!</span></i></b></b></span></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span style="color: #0b5394;">Despite </span><span style="color: #cc0000;">855,000</span><span style="color: #0b5394;"> </span><span style="color: #cc0000;">MORE</span><span style="color: #0b5394;"> people in the labor force (either working or actively looking for work) now vs. January 2017, there are </span><span style="color: #cc0000;">503,000 FEWER</span><span style="color: #0b5394;"> people unemployed now than in January 2017.<br /><br /><div style="text-align: center;">
<a href="https://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">How does job growth under Trump compare to job growth under Obama to date? HERE!</a></div>
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<b><i><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b style="color: #cc0000;"><a href="http://mollysmiddleamerica.blogspot.com/2017/09/august-2017-unemployment-rate-jobs.html" target="_blank">All August 2017 highlights and reports will be listed HERE.</a><br /><br /><a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">Over a million jobs have been added under Trump as of July. Is this good or bad?</a></b></span></i></b></i></b></div>
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<b><i><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><a href="http://mollysmiddleamerica.blogspot.com/p/all-jobs-unemployment-reports-2011-2012.html" target="_blank">All other jobs reports (2011 - 2017) indexed HERE</a></span></i></b></i></b></span></span></i></b></i></b></div>
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<i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><b><i><a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-were-created-in-2017.html" target="_blank">How Many Jobs (Net) have been created in 2017 to date?</a></i></b></i></b></span></i></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #0b5394;">*What's the difference between "net" and "gross" jobs gained and lost?</span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #0b5394;"><br /><b><i>Let's get something straight: Jobs are lost every week and every month. </i></b>People are fired, people are laid off, businesses or locations are closed and everybody is let go. </span><i><span style="color: #0b5394;"><b><br /></b></span></i></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Also people quit every week. You yourself, dear reader, may have quit a job at some point in time.</span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b><br />But people are also HIRED every week and every month.</b></i><i> </i> 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. <span style="text-align: justify;"><i><span style="color: #0b5394;"><b>This happens in good times and bad.</b></span></i></span></span></span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Yes, even in bad times, people are getting hired. Even in good times, people are let go.</span></span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Now: The <span style="color: #667fdd;"><i><a href="http://www.bls.gov/news.release/pdf/empsit.pdf" style="color: #667fdd;" target="_blank"><b>monthly jobs report</b></a>, </i></span>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 <i>the <b>number of new jobs (people getting hired, businesses opening) MINUS the number of jobs that have been cut </b></i><b><i>(people getting fired, people quitting, businesses closing or cutting back).</i></b></span></span></div>
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<span style="text-align: left;"><i><span style="color: #0b5394;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>The monthly jobs report therefore reports NET job growth or loss. </b></span></span></i></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">For <i style="font-weight: normal;"><b><span style="color: #cc0000;">83</span> consecutive months</b></i> in this country, starting with <span style="color: #cc0000;"><i><b>76</b></i></span> months during the Obama administration, we have had <i style="font-weight: normal;"><b>MORE jobs being added than we have had jobs being cut.</b></i> For<i style="font-weight: normal;"> </i><i style="font-weight: normal;"><b><span style="color: #cc0000;">90</span> consecutive months</b></i><i style="font-weight: normal;"> </i>in the <span style="font-weight: normal;"><i>private sector</i></span> (<i style="font-weight: normal;">not</i> 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 <span style="color: #cc0000;"><b><i>83</i></b></span> months during the Obama administration, we have had</span><span style="text-align: left;"><i> <b>MORE jobs added </b></i><b><i>than we have had jobs being cut.</i></b></span></span></div>
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<b><i><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: small;">To reiterate: How many jobs have been created in the last 7 months versus how many jobs have been lost?</span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394;">All numbers provided on monthly jobs reports, which is what the series on jobs created/lost under Obama or Trump is based, are <b><i>NET </i></b>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.</span><span style="font-weight: normal; text-align: center;"> </span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394;">For the past 90 months (as of August 2017), we have had <b><i>NET</i></b> gains in private jobs numbers every month. In other words, in every month since February 2010, more </span><i style="color: #0b5394; font-weight: normal;">private</i><span style="color: #0b5394; font-weight: normal;"> jobs have been created than have been lost. In every month since September 2010, more jobs </span><i style="color: #0b5394;"><b>in total</b></i><span style="color: #0b5394; font-weight: normal;"> have been created than have been lost. </span><b style="color: #0b5394;"><i>This is the longest consecutive period of job growth since these numbers have been recorded.</i></b></span></div>
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<b style="font-family: arial, helvetica, sans-serif;"><i><b style="text-align: center;"><i><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><span style="color: #0b5394;">Fact check and important information on these jobs numbers...</span></i></b></span></i></b></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span class="Apple-style-span"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;">The above jobs numbers are from the<b><i> <a href="http://www.bls.gov/news.release/archives/empsit_09012017.pdf" target="_blank">BLS jobs report of August 2017,</a></i></b> 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.</span></span></span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-67535542014077035692017-09-01T11:18:00.000-05:002017-10-06T03:34:31.088-05:00August 2017 Unemployment Rate, Jobs<h3 style="text-align: justify;">
<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><span style="color: #cc0000;">The August 2017 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, September 1. This was a surprisingly mediocre report, showing only </span>156,000<span style="color: #cc0000;"> new jobs, and it did not meet the pundits' estimates of 180,000 to 200,000 new jobs. The unemployment rate inched up to </span>4.4%<span style="color: #0b5394;">,</span><span style="color: #cc0000;"> in the same range that it has been in since April. </span></i></span>
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i><b><br />Hurricane Harvey influence?</b></i></span><br />
<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><br /></span>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-weight: normal;">Some suggest that the jobs numbers may represent a turn-around from a strong Obama economy to a weaker Trump economy, but we won't know that for a few months. <br /><br />Jobs numbers are compiled as of the week containing the 12th day of the month, so this report was not impacted by Hurricane Harvey, but the next 1-2 reports may well be. Jobs numbers did not go down after Hurricane Katrina back in 2005, but they did seem to stall.</span></span><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-weight: normal;">The economy has been adding jobs consistently for 7 1/2 years now. In fact, in 45 of the 83 months between early 2010 and the end of the Obama Presidency, 200,000 or more jobs were added.</span></span></span></div>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Despite this month's slow down and minor increase in the unemployment rate, job reports under Trump (since February) seem to continue the trend of consistent addition of jobs and slow but generally consistent decline in the unemployment rate. </span></div>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394;"><b style="background-color: white; font-style: italic; text-align: center;"><span style="font-size: large;">August 2017 Job Report Highlights:</span></b> </span></span></div>
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<ul style="font-family: arial, helvetica, sans-serif; font-size: x-large;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;">
<li style="text-align: justify;"><b style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="font-size: large;"><b style="color: #cc0000;">The economy added </b><b><i><span style="color: #cc0000;">156,000</span></i></b><b style="color: #cc0000;"><span style="color: #cc0000;"> jobs, a below average number of new jobs, and the unemployment rate increased slightly by </span><i><span style="color: #cc0000;">0.1%</span></i><span style="color: #cc0000;"> to </span></b></span><b style="font-style: italic;"><span style="font-size: large;"><i style="font-style: italic;"><span style="color: #cc0000;">4.4%</span><span style="color: #cc0000;"> </span></i><span style="color: #cc0000;">due to people entering the labor force but not immediately finding jobs.<br /><a name='more'></a></span></span></b></span></b></li>
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<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">Over the past 3 months, job gains have averaged </span><i>185,000</i><span style="color: #cc0000;"> per month. Over the past 12 months, job gains have averaged </span><i>175,000</i><span style="color: #cc0000;"> per month.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">Over the past 7 months, since Trump took office, job gains have averaged <i>170,000</i> per month. In the last 7 months of the Obama administration, job gains averaged <i>196,000</i> per month. In the 7 months ending a year ago, in August 2016, job gains averaged <i>203,000</i> per month. </span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The number of employed people DECREASED by </span><i>77,000</i>. <span style="color: #cc0000;">The number of unemployed people INCREASED by </span><i>151,000</i><span style="color: #cc0000;"> as </span><i>77,000</i><span style="color: #cc0000;"> people joined the labor force but not all of them could find work. These are NET numbers.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><i>166,000</i> <span style="color: #cc0000; font-size: large;">FEWER people are working full-time</span><span style="color: #cc0000; font-size: large;"> and </span><i>34,000</i><span style="color: #cc0000; font-size: large;"> MORE people were working part-time in August vs. July.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">There were </span><i>165,000</i><span style="color: #cc0000;"> MORE private sector jobs, and </span><i>9,000</i><span style="color: #cc0000;"><i> </i>FEWER government jobs in August. </span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The alternate unemployment rate (U-6) stayed at the same rate of </span><i>8.6%</i><span style="color: #cc0000;"><span style="color: #cc0000;"> this month as it has for the last 3 months. A year ago the U-6 rate was </span><i>9.7%.</i><span style="color: #cc0000;"> </span></span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The Labor Force participation rate has been VERY stable since 2014, varying between </span>62.4% <span style="color: #cc0000;">and </span>63%<span style="color: #cc0000;">. It was </span>62.9% <span style="color: #cc0000; font-size: large;">in August, exactly the same as it was in July. It has risen </span><span style="color: #cc0000; font-size: large;">0.1%</span><span style="color: #cc0000; font-size: large;"> over the past year, since August 2016.</span></span></li>
<li style="text-align: justify;"><span style="font-style: italic;"><span style="color: #cc0000; font-size: large;">Remember that there is NO ideal labor force size, and most of the overall decrease in the labor force participation RATE over the last few years has been due to Baby Boomers retiring in great numbers.</span></span></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="background-color: white; text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-style: italic;"><span style="color: #cc0000; font-size: large;"><i>From the BLS report: </i></span></b></span></b></span></div>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: small;">The change in total nonfarm payroll employment for June was revised down from +231,000 to
+210,000, and the change for July was revised down from +209,000 to +189,000. With these revisions,
employment gains in June and July combined were 41,000 less than previously reported. ... After revisions, job gains have
averaged 185,000 per month over the past 3 months. </span></span></blockquote>
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<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Obama's final jobs numbers <a href="http://mollysmiddleamerica.blogspot.com/2017/02/how-many-jobs-has-obama-created-or-lost.html" target="_blank">HERE.</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Trump's million jobs: Good or bad? <a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">HERE</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">How Many Jobs Added Under Trump?<br />Latest report for August 2017 <a href="http://mollysmiddleamerica.blogspot.com/2017/09/how-many-jobs-has-trump-created-or-lost.html" target="_blank">HERE</a></span></b></b></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-size: x-large; font-style: italic; text-align: center;"><span style="font-size: large;">August 2017 reports: (Notation on the links will be changed to "UPDATED for August" when the updated reports become available over the weekend. Not all reports are updated every month.)</span></b></span></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><span style="color: purple;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/unemployment-rate-when-trump-took-office.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">What Was the Unemployment Rate When Obama Took Office? When Trump took office? (compared to today)? </span></a></span></b></i></b></i></b></b></b></b></b></i></b></span></li>
<li style="margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="font-style: normal;"><i><span style="color: purple;"><span style="color: #667fdd; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-has-trump-created-or-lost.html" style="color: #667fdd;" target="_blank">How Many Jobs Created or Lost Under Trump? - Full-time vs. Part-time? - </a></span></span></i></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="font-style: normal;"><i><span style="color: purple; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2016/07/full-time-job-growth-democrats.html" style="color: #667fdd;" target="_blank">Democrats rock at full-time job creation! - </a></span></i></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><span style="color: #0000ee;"><span style="color: #667fdd; font-size: large; text-decoration: none;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-were-created-in-2017.html" style="color: #667fdd;" target="_blank">How Many Jobs Have Been Created in 2017?</a> - </span></span></i></b></span></li>
<li style="text-align: justify;"><b style="color: purple;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="line-height: normal;"><b style="font-style: normal; line-height: 22px;"><i><a href="http://mollysmiddleamerica.blogspot.com/2012/02/jobs-lost-created-2007-2008-2009.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">Jobs Lost/Gained Year by Year Since 1999 - </span></a></i></b></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><a href="http://mollysmiddleamerica.blogspot.com/2017/08/no-there-are-not-93-million-people-long.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">93 Million People Not in the Labor Force? Who are those people? Latest update is for July 2017</span></a></i></b></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; text-align: center;"><b style="font-style: italic;"><span style="font-size: large;">More highlights and reports will continue to be posted here over the coming days and weeks. Please check back!</span></b></span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-11064576762993793072017-08-25T02:29:00.000-05:002017-09-27T18:01:00.685-05:00How Many Jobs Has Trump Created Or Lost? (July 2017 update)<h3 style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-size: x-large;"><i><b><i><span style="color: #0b5394; font-size: small;">How many NET jobs have been created or lost under Trump as of July 2017? </span></i></b></i></b><b style="font-size: x-large;"><b style="color: #0b5394;"><span style="color: #0b5394; font-style: italic;"><i style="color: #0b5394; font-style: italic;"><span style="font-size: small;">How many private sector jobs have been lost or added during Trump's presidency?</span></i><br /><br /><div style="text-align: center;">
<b><b style="color: #0b5394;"><span style="color: #0b5394; font-size: small; font-style: italic;">*See below</span></b></b></div>
<i style="color: #0b5394; font-size: x-large; font-style: italic;"> </i></span></b></b><div style="font-family: "times new roman"; font-weight: normal; text-align: center;">
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<b><b><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="color: #cc0000;">July 2017 numbers were released </b></span></b></b></b><br />
<b><b><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="color: #cc0000;">Friday morning, August 4th. </b></span></b></b></b><br />
<b><b><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="color: #cc0000;">All JULY reports and info will be listed <a href="http://mollysmiddleamerica.blogspot.com/2017/08/july-2017-unemployment-rate-jobs.html" target="_blank">HERE.</a><br />August # will be released Friday, September 1.</b></span></b></b></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><b style="color: #0b5394;"><ul>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000;">Obama's final jobs numbers <a href="http://mollysmiddleamerica.blogspot.com/2017/02/how-many-jobs-has-obama-created-or-lost.html" target="_blank">HERE.</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000;">Trump's million jobs: Good or bad? <a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">HERE</a></span></b></b></li>
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<b style="font-size: x-large;"><i><b style="color: #0b5394;"><i><span style="font-size: medium;"><br />How many new jobs in the last 6 months since Trump was inaugurated? </span></i></b></i></b><b style="background-color: white; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 13.2px;"><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="color: #0b5394;"><i>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?</i></span></span></b></b><b style="font-size: x-large;"><b style="color: #0b5394;"><span style="color: #0b5394; font-style: italic;"><div style="text-align: center;">
<b><b style="color: #0b5394;"><span style="color: #0b5394; font-size: small; font-style: italic;">*See below</span></b></b></div>
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<tr><td class="tr-caption" style="text-align: center;"><b style="color: #0b5394; font-family: Arial, Helvetica, sans-serif; font-size: small;">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.</b></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-size: x-large;"><i><span style="color: #0b5394;"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; text-align: left;">Since Obama left office & Trump took office (January 2017) in seasonally adjusted numbers:</span></i></b></span></i></b></span></span></i></b></span></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; text-align: left;"><span style="color: #cc0000;">1,027,000 MORE</span><span style="color: #0b5394;"> private sector jobs</span></span></i></b></span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><b><i><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; text-align: left;"><span style="color: #cc0000;">1,432,000 MORE</span><span style="color: #0b5394;"> people working</span></span></i></b></span></i></b></span></li>
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<b style="color: #0b5394; font-family: arial, helvetica, sans-serif; font-style: italic;">How many workers were full-time or part-time when Trump was inaugurated compared to now?</b></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #cc0000;">1,216,000 MORE</span> <span style="color: #0b5394;">people working full-time</span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #cc0000;">130,000 MORE </span><span style="color: #0b5394;">people working part-time</span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #cc0000;">558,000 FEWER</span><span style="color: #0b5394;"> people working part-time INVOLUNTARILY (because they couldn't find a full-time job.) </span></i></b></span></li>
<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #0b5394;">About </span><span style="color: #cc0000;">773,000</span><span style="color: #0b5394;"> </span><span style="color: #cc0000;">MORE</span><span style="color: #0b5394;"> people are working part-time voluntarily-- because they WANT to work part-time-- since Trump was inaugurated. </span></i></b></span></li>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><b style="text-align: center;"><i><span class="Apple-style-span"><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="color: #0b5394;">Have any private jobs been lost (net) over the past </span><span style="color: #cc0000;">6</span><span style="color: #cc0000;"> </span><span style="color: #0b5394;">months since January 2017?</span></span></i></b></span></i></b></i></b></span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><b><i><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">NO!</span></i></b></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span class="Apple-style-span"><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #0b5394;"><br />Have any jobs been lost (net) over the past </span><span style="color: #cc0000;">6</span><span style="color: #cc0000;"> </span><span style="color: #0b5394;">month since January 2017?</span></i></b></span></span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b><i><span class="Apple-style-span"><b><i><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">NO!</span></i></b></span></i></b></span><b style="font-family: arial, helvetica, sans-serif;"><i><span style="color: #0b5394;"><span style="color: #cc0000;"><br /></span><span style="color: #0b5394;"><br />Are more people unemployed now than when Trump took office in January 2017? </span></span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><b><i><span style="color: #cc0000;">NO!</span></i></b></b></span></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><span style="color: #0b5394;">Despite </span><span style="color: #cc0000;">778,000</span><span style="color: #0b5394;"> </span><span style="color: #cc0000;">MORE</span><span style="color: #0b5394;"> people in the labor force (either working or actively looking for work) now vs. January 2017, there are </span><span style="color: #cc0000;">654,000 FEWER</span><span style="color: #0b5394;"> people unemployed now than in January 2017.<br /><br /><div style="text-align: center;">
<a href="https://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">How does job growth under Trump compare to job growth under Obama to date? HERE!</a></div>
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<b><i><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b style="color: #cc0000;"><i><a href="http://mollysmiddleamerica.blogspot.com/2017/08/july-2017-unemployment-rate-jobs.html" target="_blank">All July 2017 highlights and reports will be listed HERE.</a><br /><br /><a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">Over a million jobs have been added under Trump so far. Is this good or bad?</a></i></b></span></i></b></i></b></div>
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<b><i><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><br /></span></span></i></b></i></b></div>
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<b><i><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><b><i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><a href="http://mollysmiddleamerica.blogspot.com/p/all-jobs-unemployment-reports-2011-2012.html" target="_blank">All other jobs reports (2011 - 2017) indexed HERE</a></span></i></b></i></b></span></span></i></b></i></b></div>
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<i><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><b><i><b><i><a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-were-created-in-2017.html" target="_blank">How Many Jobs (Net) have been created in 2017 to date?</a></i></b></i></b></span></i></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b><i><span style="color: #0b5394;"><br />*What's the difference between "net" and "gross" jobs gained and lost?</span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #0b5394;"><i><b><br />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. </b></i></span><i><span style="color: #0b5394;"><b><br /></b></span></i></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Also people quit every week. You yourself, dear reader, may have quit a job at some point in time.</span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><i><b><br />But people are also HIRED every week and every month.</b></i><i> </i> 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. <span style="text-align: justify;"><i><span style="color: #0b5394;"><b>This happens in good times and bad.</b></span></i></span></span></span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Yes, even in bad times, people are getting hired. Even in good times, people are let go.</span></span></div>
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<span style="text-align: left;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Now: The <span style="color: #667fdd;"><i><a href="http://www.bls.gov/news.release/pdf/empsit.pdf" style="color: #667fdd; text-decoration-line: none;" target="_blank"><b>monthly jobs report</b></a>, </i></span>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 <i>the <b>number of new jobs (people getting hired, businesses opening) MINUS the number of jobs that have been cut </b></i><b><i>(people getting fired, people quitting, businesses closing or cutting back).</i></b></span></span></div>
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<span style="text-align: left;"><i><span style="color: #0b5394;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>The monthly jobs report therefore reports NET job growth or loss. </b></span></span></i></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="text-align: left;">For <i style="font-weight: normal;"><b><span style="color: #cc0000;">82</span> consecutive months</b></i> in this country, starting with <span style="color: #cc0000;"><i><b>76</b></i></span> months during the Obama administration, we have had <i style="font-weight: normal;"><b>MORE jobs being added than we have had jobs being cut.</b></i> For<i style="font-weight: normal;"> </i><i style="font-weight: normal;"><b><span style="color: #cc0000;">89</span> consecutive months</b></i><i style="font-weight: normal;"> </i>in the <b style="font-weight: normal;"><i>private sector</i></b> (<i style="font-weight: normal;">not</i> 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 <span style="color: #cc0000;"><b><i>83</i></b></span> months during the Obama administration, we have had</span><span style="font-weight: normal; text-align: left;"><i> <b>MORE jobs added </b></i><b><i>than we have had jobs being cut.</i></b></span></span></div>
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<b><i><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: small;">To reiterate: How many jobs have been created in the last (almost) 6 months versus how many jobs have been lost?</span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394;">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.</span><span style="text-align: center;"> </span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="color: #0b5394;">For the past 89 months (as of July 2017), we have had NET gains in private jobs numbers every month. In other words, in every month since February 2010, more </span><i style="color: #0b5394;">private</i><span style="color: #0b5394;"> jobs have been created than have been lost. In every month since September 2010, more jobs </span><i style="color: #0b5394;">in total</i><span style="color: #0b5394;"> have been created than have been lost. </span><b style="color: #0b5394;"><i>This is the longest consecutive period of job growth since these numbers have been recorded.</i></b></span></div>
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<b style="font-family: arial, helvetica, sans-serif;"><i><b style="text-align: center;"><i><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><span style="color: #0b5394;">Fact check and important information on these jobs numbers...</span></i></b></span></i></b></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span class="Apple-style-span"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;">The above jobs numbers are from the<b><i> <a href="http://www.bls.gov/news.release/archives/empsit_08042017.pdf" target="_blank">BLS jobs report of July 2017,</a></i></b> 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, July 12, 2017.</span></span></span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-69191408244165545732017-08-24T13:18:00.001-05:002017-08-26T01:42:04.964-05:00Trump's Million New Jobs: A Big Deal or Not?<div style="text-align: justify;">
<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b><i>Have a million jobs really been created during the presidency of Donald Trump? </i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Well, yes; since Trump took office in January 2017, six full months ago, <b><i><span style="color: #cc0000;">1,074,000</span></i></b> jobs have been added (in net numbers) according to the Bureau of Labor Statistics which keeps track of such things.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The issue is <b><i>whether or not this is as big a deal as Trump supporters claim</i></b> and <b><i>whether or not this is better than job growth during the Obama years.</i></b> </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">See for yourself:</span></div>
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<a href="https://2.bp.blogspot.com/-D1JXzDknqbI/WZ5e-nCpiKI/AAAAAAAADUw/2_n3rOa3t4A_l9DXOqK5p-cecPYi9cymACLcBGAs/s1600/Six%2Bmonth%2Bjob%2Bgrowth.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="700" data-original-width="1400" height="320" src="https://2.bp.blogspot.com/-D1JXzDknqbI/WZ5e-nCpiKI/AAAAAAAADUw/2_n3rOa3t4A_l9DXOqK5p-cecPYi9cymACLcBGAs/s640/Six%2Bmonth%2Bjob%2Bgrowth.png" width="640" /></a></div>
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<a name='more'></a><span style="font-family: "arial" , "helvetica" , sans-serif;">The graph is a bit small; you can click on it to get a clearer look. The blue sticks are job growth during the second Obama term. Green sticks are job growth during the transition, with six month periods overlapping the Obama and Trump administrations. The red bar at the far right is job growth for the first full six-month period with Donald Trump as President.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Job growth under Trump hasn't slowed a lot compared to job growth under Obama; but it certainly hasn't accelerated. And, if we just look at six month periods ending in July, this last six month period ending in July 2017 is the most anemic such six month period since at least 2013.<br /><br /><b><i><span style="color: #0b5394;">Nothing Grand and Wonderful or Special</span></i></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">So, Trumpsters: <b><i>There's nothing to write home about here.</i></b> Yes, we did add a million jobs during Fearless Leader Trump's first six months in office, but there is nothing grand or wonderful about adding a million jobs in a six month period. In recent years, Obama generally did better. <br /><br /><b><b style="color: #0b5394;"></b></b></span><br />
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<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Obama's final jobs numbers <a href="http://mollysmiddleamerica.blogspot.com/2017/02/how-many-jobs-has-obama-created-or-lost.html" target="_blank">HERE.</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">How Many Jobs Have Been Created Under Trump?<br />Latest report for July 2017 <a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-has-trump-created-or-lost.html" target="_blank">HERE</a></span></b></b></li>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-13373316235824082372017-08-04T03:09:00.006-05:002017-09-01T09:51:11.058-05:00July 2017 Unemployment Rate, Jobs<h3 style="text-align: justify;">
<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i>The July 2017 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, August 4. This is another strong report, continuing last month's trend. This report, while strong, is not better than most of the job reports during the Obama years.<br /><br />The economy has been adding jobs consistently for 7 1/2 years now. In fact, in 45 of the 84 months between early 2010 and the end of the Obama Presidency, 200,000 or more jobs were added.<br /><br />The job reports under Trump (since February) seem to continue this trend of consistent addition of jobs and slow but consistent decline in the unemployment rate. </i></span></h3>
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<b style="background-color: white; font-style: italic; text-align: center;"><span style="font-size: large;"><span style="background-color: white; color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-style: italic; text-align: center;"><br /></span></span></b><b style="background-color: white; font-style: italic; text-align: center;"><span style="font-size: large;">July 2017 Job Report Highlights:</span></b> </div>
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<li style="text-align: justify;"><b style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="font-size: large;"><b style="color: #cc0000;">The economy added </b><b><i><span style="color: #0b5394;">209,000</span></i></b><b style="color: #cc0000;"><span style="color: #cc0000;"> jobs, an above average number of new jobs, and the unemployment rate declined slightly by </span><i><span style="color: #0b5394;">0.1%</span></i><span style="color: #cc0000;"> to </span></b></span><b style="font-style: italic;"><span style="font-size: large;"><i style="font-style: italic;"><span style="color: #0b5394;">4.3%</span><span style="color: #cc0000;"> </span></i><span style="color: #cc0000;">due to people entering the labor force and finding jobs.<br /><a name='more'></a></span></span></b></span></b></li>
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<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">Over the past 3 months, job gains have averaged </span><i>195,000</i><span style="color: #cc0000;"> per month. Over the past 12 months, job gains have averaged </span><i>180,000</i><span style="color: #cc0000;"> per month.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">Over the past 6 months, since Trump took office, job gains have averaged 179,000 per month. In the last 6 months of the Obama administration, job gains averaged 181,000 per month. In the 6 months ending a year ago, in July 2016, job gains averaged 208,000 per month. </span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The number of employed people INCREASED by </span><i>345,000</i>. <span style="color: #cc0000;">The number of unemployed people INCREASED by </span><i>4,000</i><span style="color: #cc0000;"> as </span><i>349,000</i><span style="color: #cc0000;"> people joined the labor force, meaning that they either started working or started looking for work. That is a NET number.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><i>54,000</i> <span style="color: #cc0000; font-size: large;">FEWER people are working full-time</span><span style="color: #cc0000; font-size: large;"> and </span><i>393,000</i><span style="color: #cc0000; font-size: large;"> MORE people were working part-time in July vs. June.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">There were </span><i>205,000</i><span style="color: #cc0000;"> MORE private sector jobs, and </span><i>4,000</i><span style="color: #cc0000;"><i> </i>MORE government jobs in June. </span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The alternate unemployment rate (U-6) stayed athe same at </span><i>8.6%</i><span style="color: #cc0000;"><span style="color: #cc0000;"> this month. A year ago the U-6 rate was </span><i>9.7%.</i><span style="color: #cc0000;"> </span></span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The Labor Force participation rate has been VERY stable since 2014, varying between </span>62.4% <span style="color: #cc0000;">and </span>63%<span style="color: #cc0000;">. It was </span>62.9% <span style="color: #cc0000; font-size: large;">in July, increasing </span><span style="color: #cc0000; font-size: large;">0.1%</span><span style="color: #cc0000; font-size: large;"> since June, but rising a total of </span><span style="color: #cc0000; font-size: large;">0.1%</span><span style="color: #cc0000; font-size: large;"> over the past year, since July 2016.</span></span></li>
<li style="text-align: justify;"><span style="font-style: italic;"><span style="color: #cc0000; font-size: large;">Remember that there is NO ideal labor force size, and most of the overall decrease in the labor force participation RATE over the last few years has been due to Baby Boomers retiring in great numbers.</span></span></li>
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<b style="background-color: white; text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-style: italic;"><span style="color: #cc0000; font-size: large;"><i>From the BLS report: </i></span></b></span></b></div>
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: small;">The change in total nonfarm payroll employment for May was revised down from +152,000 to +145,000, and the change for June was revised up from +222,000 to +231,000. With these revisions, employment gains in May and June combined were 2,000 more than previously reported. Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors. Over the past 3 months, job gains have averaged 195,000 per month. </span></blockquote>
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<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Obama's final jobs numbers <a href="http://mollysmiddleamerica.blogspot.com/2017/02/how-many-jobs-has-obama-created-or-lost.html" target="_blank">HERE.</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Trump's million jobs: Good or bad? <a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">HERE</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">How Many Jobs Added Under Trump?<br />Latest report for July 2017 <a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-has-trump-created-or-lost.html" target="_blank">HERE</a></span></b></b></li>
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<b style="font-size: x-large; font-style: italic; text-align: center;"><span style="font-size: large;">July 2017 reports: (Notation on the links will be changed to "UPDATED for July" when the updated reports become available later today or over the weekend. Not all reports are updated every month.)</span></b></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><span style="color: purple;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/unemployment-rate-when-trump-took-office.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">What Was the Unemployment Rate When Obama Took Office? When Trump took office? (compared to today)? </span></a></span></b></i></b></i></b></b></b></b></b></i></b></span></li>
<li style="margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="font-style: normal;"><i><span style="color: purple;"><span style="color: #667fdd; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-has-trump-created-or-lost.html" style="color: #667fdd;" target="_blank">How Many Jobs Created or Lost Under Trump? - Full-time vs. Part-time? - </a></span></span></i></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="font-style: normal;"><i><span style="color: purple; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2016/07/full-time-job-growth-democrats.html" style="color: #667fdd;" target="_blank">Democrats rock at full-time job creation! - </a></span></i></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><span style="color: #0000ee;"><span style="color: #667fdd; font-size: large; text-decoration: none;"><a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-were-created-in-2017.html" style="color: #667fdd;" target="_blank">How Many Jobs Have Been Created in 2017?</a> - </span></span></i></b></span></li>
<li style="text-align: justify;"><b style="color: purple;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="line-height: normal;"><b style="font-style: normal; line-height: 22px;"><i><a href="http://mollysmiddleamerica.blogspot.com/2012/02/jobs-lost-created-2007-2008-2009.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">Jobs Lost/Gained Year by Year Since 1999 - </span></a></i></b></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><a href="http://mollysmiddleamerica.blogspot.com/2017/08/no-there-are-not-93-million-people-long.html" style="color: #667fdd;" target="_blank"><span style="font-size: large;">93 Million People Not in the Labor Force? Who are those people? Latest update is for July 2017</span></a></i></b></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; text-align: center;"><b style="font-style: italic;"><span style="font-size: large;">More highlights and reports will continue to be posted here over the coming days and weeks. Please check back!</span></b></span></div>
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<b style="color: #0b5394; font-family: arial, helvetica, sans-serif; font-style: italic;"><span style="font-size: small;"><br /><br />Preview: <br /><br />The Bureau of Labor Statistics will release the July 2017 Jobs report including the number of jobs added or lost by employers in July as well as the new unemployment rate tomorrow morning, August 4, 2017, at 8:30 a.m. EDT.</span></b>
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<b><i><span style="color: #0b5394;"><br /></span></i></b><br />The payroll processor ADP released <a href="https://www.adpemploymentreport.com/2017/July/NER/NER-July-2017.aspx"><i><b>its monthly report of jobs in the private sector</b></i></a> Wednesday, August 2, 2017. ADP believes that <b><i>178,000</i></b> new jobs were created in the private sector in July, the lowest number in three months. Over time, the ADP numbers and the official BLS numbers tend to be closely aligned, but in any one month ADP may predict a smaller or a larger number than BLS. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;">ADP believes we have added <span style="color: #cc0000;"><b><i>200,000</i></b></span> private sector jobs a month on average over the past 13 months, back to July 2016. So 178,000 is really not that much lower than this average. </span></div>
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</span>Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0tag:blogger.com,1999:blog-5912833783359356343.post-46919736262139193272017-07-07T08:38:00.001-05:002017-08-25T13:49:17.162-05:00June 2017 Unemployment Rate, Jobs<h3 style="text-align: justify;">
<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><i>The June 2017 Jobs Report was released by the government's Bureau of Labor Statistics this morning, July 7. This is a strong report, seeming to reverse the weakness seen in the prior few months. Again, one month does not make a trend, and this report, while strong, is not better than most of the job reports during the Obama years. <br /><br />The economy has been adding jobs consistently for 7 years. In fact, in 45 of the 84 months between early 2010 and the end of the Obama Presidency, 200,000 or more jobs have been added.<br /><br />The job reports under Trump (since February) seem to continue this trend of consistent addition of jobs and decline in the unemployment rate. </i></span></h3>
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<a href="https://4.bp.blogspot.com/-F-grSPayxtE/WV-isCwAGmI/AAAAAAAADSs/0idwgkCoHyw4H-dnT6pGV4ZBDp5i3p4kgCLcBGAs/s1600/June%2B2017%2BJobs%2BSummary.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="796" data-original-width="969" height="524" src="https://4.bp.blogspot.com/-F-grSPayxtE/WV-isCwAGmI/AAAAAAAADSs/0idwgkCoHyw4H-dnT6pGV4ZBDp5i3p4kgCLcBGAs/s640/June%2B2017%2BJobs%2BSummary.jpg" width="640" /></a></div>
<b style="background-color: white; font-style: italic; text-align: center;"><span style="font-size: large;"><span style="background-color: white; color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; font-style: italic; text-align: center;"><br /></span></span></b><b style="background-color: white; font-style: italic; text-align: center;"><span style="font-size: large;">June 2017 Job Report Highlights:</span></b> </div>
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<li style="text-align: justify;"><b style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="font-size: large;"><b style="color: #cc0000;">The economy added </b><b><i>222,000</i></b><b style="color: #cc0000;"><span style="color: #cc0000;"> jobs, a below average number of new jobs, and the unemployment rate grew slightly slightly by </span><i>0.1%</i><span style="color: #cc0000;"> to </span></b></span><b style="font-style: italic;"><span style="font-size: large;"><i style="font-style: italic;">4.4% </i><span style="color: #cc0000;">due to people entering the labor force and finding jobs.<br /><a name='more'></a></span></span></b></span></b></li>
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<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">Over the past 3 months, job gains have averaged </span><i>194,000</i><span style="color: #cc0000;"> per month. Over the past 12 months, job gains have averaged </span><i>186,500</i><span style="color: #cc0000;"> per month.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The number of employed people INCREASED by </span><i>245,000</i>. <span style="color: #cc0000;">The number of unemployed people INCREASED by </span><i>116,000</i><span style="color: #cc0000;"> as </span><i>361,000</i><span style="color: #cc0000;"> people joined the labor force, meaning that they either started working or started looking for work. That is a NET number.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><i>355,000</i> <span style="color: #cc0000; font-size: large;">MORE people are working full-time</span><span style="color: #cc0000; font-size: large;"> and </span><i>224,000</i><span style="color: #cc0000; font-size: large;"> MORE people were working part-time in June.</span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">There were </span><i>187,000</i><span style="color: #cc0000;"> MORE private sector jobs, and </span><i>35,000</i><span style="color: #cc0000;"><i> </i>MORE government jobs in June. </span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The alternate unemployment rate (U-6) increased to </span><i>8.6%</i><span style="color: #cc0000;"><span style="color: #cc0000;"> this month. A year ago the U-6 rate was </span><i>9.6%.</i><span style="color: #cc0000;"> </span></span></span></li>
<li style="text-align: justify;"><span style="font-size: large;"><span style="color: #cc0000;">The Labor Force participation rate has been VERY stable since 2014, varying between </span>62.4% <span style="color: #cc0000;">and </span>63%<span style="color: #cc0000;">. It was </span>62.8% <span style="color: #cc0000; font-size: large;">in June, increasing </span><span style="color: #cc0000; font-size: large;">0.1%</span><span style="color: #cc0000; font-size: large;"> since May, but rising </span><span style="color: #cc0000; font-size: large;">0.1%</span><span style="color: #cc0000; font-size: large;"> over the past year.</span></span></li>
<li style="text-align: justify;"><span style="font-style: italic;"><span style="color: #cc0000; font-size: large;">Remember that there is NO ideal labor force size, and most of the overall decrease in the labor force participation RATE over the last few years has been due to Baby Boomers retiring in great numbers.</span></span></li>
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<b style="background-color: white; text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><b style="font-style: italic;"><span style="color: #cc0000; font-size: large;"><i>From the BLS report: </i></span></b></span></b><br />
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<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>The change in total nonfarm payroll employment for April was revised up from +174,000 to +207,000, and the change for May was revised up from +138,000 to +152,000. With these revisions, employment gains in April and May combined were 47,000 more than previously reported. Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors. Over the past 3 months, job gains have averaged 194,000 per month. </b></span></blockquote>
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<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Obama's final jobs numbers <a href="http://mollysmiddleamerica.blogspot.com/2017/02/how-many-jobs-has-obama-created-or-lost.html" target="_blank">HERE.</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">Trump's million jobs: Good or bad? <a href="http://mollysmiddleamerica.blogspot.com/2017/08/trumps-million-new-jobs-big-deal-or-not.html" target="_blank">HERE</a></span></b></b></li>
<li style="text-align: center;"><b><b style="color: #0b5394;"><span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif;">How Many Jobs Added Under Trump?<br />Latest report for July 2017 <a href="http://mollysmiddleamerica.blogspot.com/2017/08/how-many-jobs-has-trump-created-or-lost.html" target="_blank">HERE</a></span></b></b></li>
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<b style="font-family: arial, helvetica, sans-serif; font-style: italic; text-align: center;"><span style="font-size: large;">June 2017 reports: (Notation on the links will be changed to "UPDATED for June" when the updated reports become available later today or over the weekend. Not all reports are updated every month.)</span></b></div>
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<li style="text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><span style="color: purple;"><a href="http://mollysmiddleamerica.blogspot.com/2017/07/unemployment-rate-when-obama-took-office.html" style="color: #667fdd; text-decoration: none;" target="_blank"><span style="font-size: large;">What Was the Unemployment Rate When Obama Took Office? When Trump took office? (compared to today)? </span></a></span></b></i></b></i></b></b></b></b></b></i></b></span></li>
<li style="margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="font-style: normal;"><i><span style="color: purple;"><span style="color: #667fdd; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2017/07/how-many-jobs-has-obama-created-or-lost.html" style="color: #667fdd; text-decoration: none;" target="_blank">How Many Jobs Created or Lost Under Trump? - Full-time vs. Part-time? - </a></span></span></i></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="font-style: normal;"><i><span style="color: purple; font-size: large;"><a href="http://mollysmiddleamerica.blogspot.com/2016/07/full-time-job-growth-democrats.html" style="color: #667fdd; text-decoration: none;" target="_blank">Democrats rock at full-time job creation! - </a></span></i></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><i><span style="color: #0000ee;"><span style="color: #667fdd; font-size: large; text-decoration: none;"><a href="http://mollysmiddleamerica.blogspot.com/2017/07/how-many-jobs-were-created-in-2017.html" style="color: #667fdd; text-decoration: none;" target="_blank">How Many Jobs Have Been Created in 2017?</a> - </span></span></i></b></span></li>
<li style="text-align: justify;"><b style="color: purple;"><i><b style="font-style: normal;"><b><b><b><b style="text-align: left;"><i><b style="font-style: normal;"><i><b><b style="font-style: normal;"><i><b style="line-height: normal;"><b style="font-style: normal; line-height: 22px;"><i><a href="http://mollysmiddleamerica.blogspot.com/2012/02/jobs-lost-created-2007-2008-2009.html" style="color: #667fdd; text-decoration: none;" target="_blank"><span style="font-size: large;">Jobs Lost/Gained Year by Year Since 1999 - </span></a></i></b></b></i></b></b></i></b></i></b></b></b></b></b></i></b></li>
<li style="text-align: justify;"><b style="font-family: Arial, Helvetica, sans-serif;"><i><a href="http://mollysmiddleamerica.blogspot.com/2015/05/no-there-are-not-93-million-people-long.html" style="color: #667fdd; text-decoration: none;" target="_blank"><span style="font-size: large;">93 Million People Not in the Labor Force? Who are those people? Latest update is for April 2015</span></a></i></b></li>
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<span style="color: #cc0000; font-family: "arial" , "helvetica" , sans-serif; text-align: center;"><b style="font-style: italic;"><span style="font-size: large;">More highlights and reports will continue to be posted here over the coming days and weeks. Please check back!</span></b></span></div>
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Middle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.com0