Jobs Highlights from 2013, 2012, and 2011


December 2013 Highlights:



  • 74,000 payroll jobs added.  (November numbers were revised upwards.)  Job growth has averaged 182,000/month over the past 12 months.
  • Private jobs increased by 87,000.
  • Government jobs decreased by 13,000.  
  • Unemployment rate ticked down to 6.7% (from 7.0%).  The unemployment rate decreased across the board, for every ethnic, age, and occupation group, including teenagers.  (The unemployment rate comes from a different source than the number of jobs which is why the unemployment rate can decline three tenths of a percent with only a minimal increase in the number of jobs.  Over time, these two numbers closely parallel each other.)   
  • The alternate unemployment rate (which includes part time workers who want full time jobs, discouraged workers, and marginally attached workers) stayed the same at 13.1%.  This is the lowest that it has been since November 2008, five years ago.  One year ago, the alternate unemployment rate was 14.4%.      
  • The labor force decreased by 347,000 in December.
  • Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
    • 7.6 million MORE jobs in total
    • 8.2 million MORE private sector jobs
    • 6.6 million MORE people working* 
    Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:
    • 3.2 million MORE jobs in total
    • 4.0 million MORE private sector jobs
    • 2.4 million MORE people working*
December 2013 reports: 


November Highlights:
  • 203,000 payroll jobs added.  (September & October numbers were revised upwards.)  Job growth has averaged 191,000/month over the past 12 months.
  • Private jobs increased by 196,000.
  • Government jobs increased by 7,000.  
  • Unemployment rate ticked down to 7.0% (from 7.3%).  This decrease was impacted by the end of the government shutdown in mid-October as over 400,000 federal workers who said that they were unemployed on "temporary layoff" returned to work.  The unemployment rate decreased across the board, for every ethnic, age, and occupation group.  
  • The alternate unemployment rate (which includes part time workers who want full time jobs, discouraged workers, and marginally attached workers) declined to 13.2 from 13.8 last month.  This is the lowest that it has been since November 2008, five years ago.  One year ago, the alternate unemployment rate was 14.4.      
  • The labor force increased by 455,000 in November, reversing much of last month's decline.  Most of last month's decline has been attributed to the government shutdown.   
  • NOTE:  To repeat, October's government shutdown did not appreciably affect the payroll numbers because no government employees were taken off of payroll during the shutdown.  However, the Household Survey is based on workers' answers to questions.  Workers affected by the shutdown should have been classified as unemployed/on temporary layoff during the shutdown, but it appears that some did not answer the questions correctly.  Therefore, the Household Survey was affected by the shutdown.  Both the increase in the unemployment rate and the drop in the civilian labor force in OCTOBER may have been related to the government shutdown.   These changes were REVERSED in November.
  • Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
    • 7.4 million MORE jobs in total
    • 8.1 million MORE private sector jobs
    • 6.4 million MORE people working* 
    Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:
    • 3.1 million MORE jobs in total
    • 3.9 million MORE private sector jobs
    • 2.2 million MORE people working*
November 2013 reports published:

    Published October reports:


    Published August reports:



    Other Recent Posts About Employment and the Labor Market:


    July Posts:


    JUNE 2013 Jobs Reports and Summaries:


    MAY 2013 Jobs Reports and Summaries:


    Other Recent Posts About Employment and the Labor Market:


    April 2013 Jobs Reports & Summaries: 



    March 2013 Jobs Reports & Summaries (for the United States of America):

    February 2013 Jobs Reports & Summaries:

    Weekly & Periodic Jobs Reports:


    January 2013 Jobs Reports & Summaries:



    September 2012 Updates, Reports, and Summaries (Posted in October):


    August 2012 Updates, Reports, and Summaries (Posted in September):



      May 2012 Updates (posted in late May and June):

      April 2012 updates (posted in May):

      February 2012 Updates (posted in March):

      January 2012 Updates (posted in February):

      No comments:

      Post a Comment

      I appreciate intelligent comments and questions, including those that are at odds with anything posted here. I have elected not to screen comments before they are published; however, any comments that are in any way insulting, caustic, or intentionally inflammatory will be deleted without notice. Spam will also be immediately deleted.