December Highlights:
- +252,000 new payroll jobs; +240,000 new private sector jobs. These large increases are in line with estimates (reported below).
- Unemployment rate declined .2% (two tenths of a percent) to 5.6%. The number of people unemployed de/increased by 383,000. The labor force declined by 273,000.
- Alternate unemployment rate drops to 11.2% (from 11.4%).
- Labor force participation rate declined .2% as 273,000 people left the civilian labor force. However, 111,000 more people were employed in December.
- Number of people working full-time increased by about 427,000 while number of people working part-time decreased by about 269,000. That's 2,694,000 MORE people working full-time over the past year, since December 2013, and 72,000 MORE people working part-time over the past year.
- The number of involuntary part-time workers (people working part-time because they couldn't find full-time work) decreased 61,000 in December and dropped 976,000 over the past year, since December 2013.
- The number of long-term unemployed (people looking for work over half a year) decreased 37,000 in December, and dropped 1,092,000 over the past year, since December 2013.
- October and November jobs numbers revised upwards by a total of 50,000.
Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 10.7 million MORE jobs in total
- 12.2 million MORE private sector jobs
- 9.4 million MORE people working
- 9.4 million MORE people working full-time.
- 27,000 MORE people working part-time.
- (Yes, despite what you may have heard, from the depth of the recession until now, we have many more additional people working full-time vs. part-time jobs. When a recession hits, companies generally cut back on full-time workers first. When companies start hiring again, the number of full-time workers increases.)
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:
- 6.4 million MORE jobs in total
- 7.0 million MORE private sector jobs
- 5.3 million MORE people working
- 4.1 million MORE people working full-time
- 1.1 million MORE people working part-time
December 2014 reports: (Notation on the links will be changed to "December" or "Updated for December" when the updated reports become available.)
- Private Sector Job Loss/Growth Since 2008 w/ Graph - UPDATED for DECEMBER
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - UPDATED for DECEMBER
- How Many Jobs Created or Lost Under Obama? - UPDATED for DECEMBER
- How Many Jobs Lost or Gained in December 2014? - not yet updated for December
- How Many Jobs Have Been Created in 2014 ? UPDATED for DECEMBER
- Jobs Lost/Gained Year by Year Since 1999 - UPDATED for DECEMBER
- How Many People Have Been Fired in 2014?
- How Many Jobs Were Created in 2013? - UPDATED with final 2013 numbers.
December Preview:
The Republicans have taken over both houses of Congress and Americans are carefully following the latest developments of the terrorist shootings in France... Meanwhile, the country appears to keep adding healthy numbers of jobs, with 2014 ready to be the best year for job growth since the Clinton boom year of 1999.
"The pundits" expect about 250,000 more jobs when the BLS counts are released, with the unemployment rate dropping to 5.7%. If there are many more jobs but the unemployment rate stays the same, this would be a good indication that more people have entered the labor force in December.
Some facts and numbers to ponder as we wait for the BLS release:
"The pundits" expect about 250,000 more jobs when the BLS counts are released, with the unemployment rate dropping to 5.7%. If there are many more jobs but the unemployment rate stays the same, this would be a good indication that more people have entered the labor force in December.
Some facts and numbers to ponder as we wait for the BLS release:
- The ADP private payroller report came out yesterday which estimated an additional 241,000 private sector jobs in December. This means, according to ADP's estimates, that the US has added over 200,000 private sector jobs 8 out of the last 9 months.
- Bloomberg believes that "The jobless rate probably declined in December to a more than six-year low, according to a Bloomberg survey as of Dec. 30, as employers added almost a quarter million jobs during the month to cap the strongest year for payroll growth since 1999.
- "The Rasmussen Employment Index which measures worker confidence continues to climb, hitting a six-year high for the second month in a row in December.At 104.2, worker confidence is up two points from the previous high of 102.4 in November."
- But job search engine Linkup.com believes "that the U.S. economy added a net gain of only 170,000 jobs in December, well below the 250,000 consensus estimate." Linkup's reasoning at the link.
- October had the lowest average weekly number of initial unemployment claims since SPRING of 2000! Weekly initial unemployment claims in November and December were also lower than they have been for years, though not as low as the claims numbers for October.
- Census numbers show that we have finally turned the corner on inflation-adjusted median household income and it is slowly starting to increase.
- Inflation-adjusted weekly and hourly wages for production and non-supervisory employees (which excludes most of the high income people) continue to creep up. These wages have been higher during the Obama years than during any six year period since the mid 1970's.
We can only imagine where we'd be in this economic recovery by now if the Republicans actually worked with Obama and the Democrats for the good of the country.
- +321,000 new payroll jobs; +314,000 new private sector jobs. These are really large increases.
- Unemployment rate stays the same at 5.8%. The number of people unemployed increased by 115,000.
- Alternate unemployment rate drops to 11.4% (from 11.5%).
- Labor force participation rate remains the same as 119,000 people join the civilian labor force.
- Number of people working full-time decreased by about 150,000 while number of people working part-time increased by about 73,000. That's 2,531,000 MORE people working full-time over the past year, since November 2013, and 309,000 MORE people working part-time over the past year.
- The number of involuntary part-time workers (people working part-time because they couldn't find full-time work) decreased 177,000 in November and dropped 873,000 over the past year, since November 2013.
- September and October jobs numbers were revised upwards by a total of 44,000.
Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 10.4 million MORE jobs in total
- 10.9 million MORE private sector jobs
- 9.3 million MORE people working
- 8.9 million MORE people working full-time.
- 291,000 MORE people working part-time.
- (Yes, despite what you may have heard, from the depth of the recession until now, we have many more additional people working full-time vs. part-time jobs. When a recession hits, companies generally cut back on full-time workers first. When companies start hiring again, the number of full-time workers increases.)
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:
- 6.1 million MORE jobs in total
- 6.7 million MORE private sector jobs
- 5.1 million MORE people working
- 3.7 million MORE people working full-time
- 1.4 million MORE people working part-time
November 2014 reports: (Notation on the links will be changed to "November" or "Updated for November" when the updated reports become available.)
- Private Sector Job Loss/Growth Since 2008 w/ Graph - not yet updated for November
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - NOVEMBER
- How Many Jobs Created or Lost Under Obama? - NOVEMBER
November Preview:
Amidst the chaos of Ferguson and New York, we keep adding jobs and unemployment keeps dropping. The Bureau of Labor Statistics publishes its monthly report later this morning, Friday, December 5th. "The pundits" expect 230,000 more jobs when the BLS counts are released, with the unemployment rate stable at 5.8%. More jobs and the same unemployment rate would mean that more people are entering the labor force in November.
Some facts and numbers to ponder as we wait the BLS release:
Some facts and numbers to ponder as we wait the BLS release:
- The ADP private payroller report came out yesterday which estimated an additional 208,000 private sector jobs in November. This means, according to ADP's estimates, that the US has added over 200,000 private sector jobs 7 out of the last 8 months.
- The Bureau of Labor Statistics believes that we have added at least 200,000 jobs (both public and private) for 9 straight months now.
- October had the lowest average weekly number of initial unemployment claims since SPRING of 2000!
- September had the lowest number of layoffs and discharges since the BLS has been keeping track of those numbers, sometime in 2000.
- Census numbers show that we have finally turned the corner on inflation-adjusted median household income and it is slowly starting to increase.
- Inflation-adjusted weekly and hourly wages for production and non-supervisory employees (which excludes most of the high income people) continue to creep up. These wages have been higher during the Obama years than during any six year period since the mid 1970's.
October 2014 jobs summary and highlights:
- +214,000 new payroll jobs; +209,000 new private sector jobs
- Unemployment rate drops to 5.8%
- Number of people working full-time increases by about 345,000 while number of people working part-time increases by about 334,000. That's 3,326,000 MORE people working full-time over the past year, since October 2013, and 482,000 MORE people working part-time over the past year.
- The number of involuntary part-time workers (people working part-time because they couldn't find full-time work) decreased 76,000 in October and dropped 989,000 over the past year, since October 2013.
- Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 10 million MORE jobs in total
- 10.6 million MORE private sector jobs
- 9.3 million MORE people working
- 9 million MORE people working full-time.
- 214,000 MORE people working part-time.
- (Yes, despite what you may have heard, from the depth of the recession until now, we have many more additional people working full-time vs. part-time jobs. When a recession hits, companies generally cut back on full-time workers first. When companies start hiring again, the number of full-time workers increases.)
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:- 5.7 million MORE jobs in total
- 6.4 million MORE private sector jobs
- 5.1 million MORE people working
- 3.8 million MORE people working full-time
- 136,000 million MORE people working part-time
- Private Sector Job Loss/Growth Since 2008 w/ Graph - Not yet updated for October.
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - OCTOBER
- How Many Jobs Created or Lost Under Obama? - OCTOBER
September 2014 Jobs Numbers and Unemployment Rate were released earlier this morning, Friday, October 3, 2014. All details and reports will be indexed HERE as they are released.
- 248,000 new payroll jobs; 236,000 new private sector jobs
- Unemployment rate drops to 5.9%
August 2014 Jobs Highlights:
- Jobs were added, but the number of new jobs was below average compared to the last year. August, however, is often a transitional month, with summer jobs over and fall jobs, particularly in education, not yet started. The BLS reports that 142,000 payroll jobs were added in August. This was lower than the 200,000+ new jobs estimated.
- The unemployment rate decreased slightly to 6.1% as the number of unemployed dropped by 80,000. The drop in the number of unemployed occurred mostly in the youngest employment age groups, among people aged 16 to 24. This is typical for August as this group of people exits the labor force as they prepare to return to school. The number of people employed increased by 16,000, with an increase of 252,000 among the prime 25 to 54 year old work force.
- Full-time workers increased by 127,000 in August, while part-time workers decreased 327,000. Over the past year, the number of full-time workers has increased by 2.3 million and the number of part-time workers has decreased by 145,000.
- Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 9.4 million MORE jobs in total
- 10.0 million MORE private sector jobs
- 8.4 million MORE people working*
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:- 5.1 million MORE jobs in total
- 5.8 million MORE private sector jobs
- 4.2 million MORE people working*
- Private Sector Job Loss/Growth Since 2008 w/ Graph - AUGUST.
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - AUGUST
- How Many Jobs Created or Lost Under Obama? - AUGUST
- Jobs Lost/Gained Year by Year Since 1999 - Not yet updated for August.
- Private/Government Jobs Gained/Lost Month by Month 2011 to 2014 - Not yet updated for August.
- How Many Jobs Have Been Created in 2014 to date? - Not yet updated for August.
- How Many Government Jobs Lost or Added Under Obama? - Not yet updated for August.
- How Many Jobs Lost or Gained in August 2014? - Not yet updated for August.
- How Many Jobs Lost or Gained Over the Past Year? (August 2013 through August 2014) - Not yet published for August.
- How Many People Left or Joined the Work Force (Civilian Labor Force) Since Obama Took Office? - Not yet updated for August.
July 2014 Jobs Highlights:
- A positive report, with a significant addition of jobs, The BLS reports that 209,000 payroll jobs were added in July. Though this was lower than the 231,000 new jobs estimated, it is the 4th straight month with job increases exceeding 200,000.
- The unemployment rate increased slightly to 6.2% as 329,000 people joined the labor force. The number of people employed increased by 131,000 and the number of people unemployed increased by 197,000. The number of people who lost their jobs decreased by 3,000.
- Of the additional 197,000 people who were unemployed in July, 144,000 were people re-entering the labor force; that is, people who had been working at some time in the past, had stopped looking for work, and again started to look for work in July. The number of people who lost their jobs decreased by 3,000.
- June jobs numbers were revised upwards by 10,000 to 298,000 and May numbers were revised upwards by 5,000 to 229,000. Job growth has averaged 209,000/month over the past 12 months.
- Private jobs increased by 198,000. Construction jobs increased by 8,000; manufacturing jobs increased by 22,000. Private service-producing jobs increased by 140,000. Unfortunately, the biggest gains continue to be in lower-paying and temporary areas, such as Retail, Temporary Help Services, and Food Services and Drinking Places.
- Government jobs increased by 11,000, with 10,200 of those additions in the "Local Government/Non Education" sector.
- The alternate unemployment rate (which includes part time workers who want full time jobs, discouraged workers, and marginally attached workers) INCREASED by one tenth of a percent to 12.2%, reflecting the increase of 197,000 in the number of unemployed, as well as increases in the number of discouraged workers (+65,000) and the number of other "marginally attached" workers (+84,000). The number of involuntary part-time workers, however, decreased by 33,000. One year ago the alternate unemployment rate was 13.9%.
- The labor force increased by 329,000 in July.
- The number of people employed, including agricultural and self-employed, increased 131,000 in seasonally adjusted numbers in July. Most of the growth in employment, 87,000, occurred among young people 16 to 24 years of age. As seasonal adjustments usually account for more young people working during the summer, perhaps more people in this age group were able to get summer jobs than in recent previous summers. Further analysis is needed to determine if this is accurate.
- Full-time workers increased by 285,000 in July, while part-time workers decreased 52,000. Over the past year, the number of full-time workers has increased by 2.3 million and the number of part-time workers has decreased by 110,000.
- Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 9.3 million MORE jobs in total
- 9.9 million MORE private sector jobs
- 8.3 million MORE people working*
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:- 5.0 million MORE jobs in total
- 5.7 million MORE private sector jobs
- 4.2 million MORE people working*
- Private Sector Job Loss/Growth Since 2008 w/ Graph - Not yet Updated for July.
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - JULY update.
- How Many Jobs Created or Lost Under Obama? - JULY update.
- Jobs Lost/Gained Year by Year Since 1999 - Not yet updated for July.
- Private/Government Jobs Gained/Lost Month by Month 2011 to 2014 - Not yet updated for July.
- How Many Jobs Have Been Created in 2014 to date? - JULY update.
- How Many Government Jobs Lost or Added Under Obama? - Not yet updated for July.
- How Many Jobs Lost or Gained in July 2014? - JULY update.
- How Many Jobs Lost or Gained Over the Past Year? (July 2013 through July 2014) - Not yet published for July.
- How Many People Left or Joined the Work Force (Civilian Labor Force) Since Obama Took Office? - Not yet updated for July.
June 2014 Jobs Highlights:
- A very positive report, with a significant addition of jobs, The BLS reports that 288,000 payroll jobs were added in June, higher than the projected range of new jobs.
- May jobs numbers were revised upwards by 7,000 and April numbers were revised upwards by 22,000. Job growth has averaged 208,000/month over the past 12 months.
- Private jobs increased by 262,000. Construction jobs increased by 6,000; manufacturing jobs increased by 16,000. Private service-producing jobs increased by 236,000. Unfortunately, the biggest gains continue to be in lower-paying and temporary areas, such as Retail, Temporary Help Services, and Food Services and Drinking Places.
- Government jobs increased by 26,000, with 18,000 of those additions in the "Local Government/Education" sector. This is a welcome turn around compared to the past few years in this sector.
- The unemployment rate dropped significantly to 6.1% This rate drop was due to people finding work. The number of people unemployed declined by 325,000; the number of people employed increased by 407,000; the number of people in the civilian labor force increased by 81,000. (The unemployment rate comes from a different source than the number of jobs which is why the unemployment rate can increase even if the number of jobs increases. Over time, these two numbers closely parallel each other. The unemployment rate, however, is much more volatile than the jobs numbers. Also, the unemployment rate is not directly related to the number of people getting unemployment benefits. This is one of the biggest employment myths out there. MORE HERE.)
- The alternate unemployment rate (which includes part time workers who want full time jobs, discouraged workers, and marginally attached workers) DECREASED to 12.1%, a decrease of .1%, one-tenth of a percent. One year ago the alternate unemployment rate was 14.2%. Most alternate unemployment measures dropped significantly in June; however, the number of involuntary part-time workers increased by 275,000, however, the biggest increase since March 2014.
- The number of people employed, including agricultural and self-employed, decreased 407,000 in seasonally adjusted numbers in June, but, in unadjusted "raw" numbers, it increased by 706,000 in June. Full-time workers decreased by 523,000 in June, while part-timer workers increased 799,000. This is the first decrease in the number of full-time workers and the first increase in the number of part-time workers in several months.
- The number of discouraged workers declined slightly over the past month and significantly over the past year. (This number is not seasonally adjusted.)There were 676,000 discouraged workers in June, a decrease of 351,000 from a year earlier and a decrease of 21,000 from May.
- Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 9.1 million MORE jobs in total
- 9.7 million MORE private sector jobs
- 8.2 million MORE people working
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:- 4.8 million MORE jobs in total
- 5.5 million MORE private sector jobs
- 4.1 million MORE people working
June 2014 reports:
- Private Sector Job Loss/Growth Since 2008 w/ Graph - Not yet Updated for June.
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - Updated for JUNE 2014
- How Many Jobs Created or Lost Under Obama? - Updated for JUNE 2014
- Jobs Lost/Gained Year by Year Since 1999 - Updated for JUNE 2014
- Private/Government Jobs Gained/Lost Month by Month 2011 to 2014 - Not yet updated for June.
- How Many Jobs Have Been Created in 2014 to date? - Not yet updated for June.
- How Many Government Jobs Lost or Added Under Obama? - Not yet updated for June.
- Private/Govt Jobs Gained/Lost Under Obama - Not yet updated for June.
- How Many Jobs Lost or Gained in June 2014? - Updated for JUNE 2014.
- How Many Jobs Lost or Gained Over the Past Year? (June 2013 through June 2014) - Not yet published for June.
- How Many People Left or Joined the Work Force (Civilian Labor Force) Since Obama Took Office? - Not yet updated for June.
- How Many Jobs Were Created in 2013? - UPDATED with final 2013 numbers.
The following June Jobs Projections were posted earlier in the week:
- ADP, the private payroll service, estimated a whopping 281,000 new private sector jobs in June.
May 2014 Highlights: 217,000 jobs were added; unemployment rate stayed the same at 6.3%.
We have now recouped all jobs (in numbers) that were lost during the Recession. In January 2008 there were 138,365,000 jobs and now there are 138,463,000 jobs. Of course, the population has increased and we still need more jobs for those "extra" people. (However, we have 15 million "extra" people since January 2008, and 14.5 of those "extra" people are 55 years or over, and 8 million are actually 65 and over.)
May 2014 reports:
- Private Sector Job Loss/Growth Since 2008 w/ Graph - Updated for MAY.
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - Updated for MAY
- How Many Jobs Created or Lost Under Obama? - Updated for MAY
- Jobs Lost/Gained Year by Year Since 1999 - Updated for MAY
- Private/Government Jobs Gained/Lost Month by Month 2011 to 2014 - Not yet updated for May.
- How Many Jobs Have Been Created in 2014 to date? - Updated for MAY.
- How Many Government Jobs Lost or Added Under Obama? - Updated for MAY
- Private/Govt Jobs Gained/Lost Under Obama - Not yet updated for May.
- How Many Jobs Lost or Gained in May 2014? - Not yet updated for May.
- How Many Jobs Lost or Gained Over the Past Year? (May 2013 through May 2014) - Not yet published for May.
- How Many People Left or Joined the Work Force (Civilian Labor Force) Since Obama Took Office? - Updated for MAY
April 2014 Highlights:
April 2014 Jobs Numbers and Unemployment Rate were released Friday, May 2, 2014.
April BLS Highlights:
- A generally good report, with a significant addition of jobs, The BLS reports that 288,000 payroll jobs were added in April, quite a bit higher than the projected range of 200,000 to 215,000 new jobs.
- The BLS reports that 288,000 payroll jobs were added in April, quite a bit higher than the projected range of 200,000 to 215,000 new jobs.
- February jobs numbers were revised upwards by 25,000 and March numbers were revised upwards by 11,000. Job growth has averaged 190,000/month over the past 12 months.
- Private jobs increased by 273,000. Construction jobs increased by 32,000; manufacturing jobs increased by 12,000.
- Government jobs increased by 15,000.
- The unemployment rate dropped significantly to 6.3% Much of the rate drop, however, was due to people leaving the labor force, which declined by 806,000. (People dropping out in despair? Read more HERE.) # of people employed dropped 73,000 in seasonally adjusted numbers, but in unadjusted "raw" numbers, employment increased by 677,000. (The unemployment rate comes from a different source than the number of jobs which is why the unemployment rate can increase even if the number of jobs increases. Over time, these two numbers closely parallel each other. The unemployment rate, however, is much more volatile than the jobs numbers. Also, the unemployment rate is not directed related to the number of people getting unemployment benefits. This is one of the biggest employment myths out there. MORE HERE.)
- The alternate unemployment rate (which includes part time workers who want full time jobs, discouraged workers, and marginally attached workers) DECREASED to 12.3%, a decrease of .04%, four-tenths of a percent, the lowest since October 2008. One year ago the alternate unemployment rate was 13.9%. All alternate unemployment measures dropped significantly in April, however, a big reason for the decrease was that people left the labor force.
- The labor force decreased by 806,000 in April. This is a very big decrease, particularly for April. We'll have to look more carefully at this number to see exactly which segments of the population left the work force in April.
- The number of people employed, including agricultural and self-employed, decreased 73,000 in seasonally adjusted numbers in April, but, in unadjusted "raw" numbers, it increased by 677,000 in April. Full-time workers increased by 412,000 in April, while part-timer workers decreased 398,000.
- Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 8.6 million MORE jobs in total
- 9.2 million MORE private sector jobs
- 7.7 million MORE people working*
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:- 4.3 million MORE jobs in total
- 5.0 million MORE private sector jobs
- 3.5 million MORE people working*
April 2014 reports:
- Private Sector Job Loss/Growth Since 2008 w/ Graph - Not yet Updated for April.
- A Drop in the Labor Force: Are the Unemployed Dropping out In Despair? (published in APRIL)
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - APRIL
- How Many Jobs Created or Lost Under Obama? - APRIL
- Jobs Lost/Gained Year by Year Since 1999 - Not yet updated for April.
- Private/Government Jobs Gained/Lost Month by Month 2011 to 2014 - Not yet updated for April.
- How Many Jobs Were Created in 2013? - UPDATED with final 2013 numbers.
- How Many Jobs Have Been Created in 2014 to date? - Not yet updated for April.
- How Many Government Jobs Lost or Added Under Obama? - Updated for APRIL
- Private/Govt Jobs Gained/Lost Under Obama - Not yet updated for April.
- How Many Jobs Lost or Gained in April 2014? - Not yet published for April.
- How Many Jobs Lost or Gained Over the Past Year? (April 2013 through April 2014) - Not yet published for April.
- How Many People Left or Joined the Work Force (Civilian Labor Force) Since Obama Took Office? - Not yet updated for April.
New record in private sector jobs: We have 116,087,000 private sector jobs in the U.S., a new record surpassing the number of private sector jobs when the recession began, in January 2008.
March 2014 BLS highlights:
- The BLS reports that 192,000 payroll jobs were added in March, about in line with projections, (though some economists projected that over 200,000 jobs would be added.)
- January jobs numbers were revised upwards by 15,000 and February numbers were revised upwards by 22,000. Job growth has averaged 183,000/month over the past 12 months.
- Private jobs increased by 192,000.
- Government jobs stayed exactly the same.
- Unemployment rate stayed at 6.7% The unemployment rate stayed the same despite an additional 476,000 employed because the civilian labor force (the number of people working or looking for work) grew by 503,000. (The unemployment rate comes from a different source than the number of jobs which is why the unemployment rate can increase even if the number of jobs increases. Over time, these two numbers closely parallel each other. The unemployment rate, however, is much more volatile than the jobs numbers. Also, the unemployment rate is not directed related to the number of people getting unemployment benefits. This is one of the biggest employment myths out there. MORE HERE.)
- The alternate unemployment rate (which includes part time workers who want full time jobs, discouraged workers, and marginally attached workers) INCREASED to 12.7%, an increase of .1%, one-tenth of a percent. One year ago the alternate unemployment rate was 13.8%.
- The labor force increased by 503,000 in March, presumably as the weather improved and people started to look for work or were actually hired.
- The number of people employed, including agricultural and self-employed, increased 476,000 in March, with an increase of 184,000 employed full-time.
- Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 8.3 million MORE jobs in total
- 8.9 million MORE private sector jobs
- 7.8 million MORE people working*
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:- 4.0 million MORE jobs in total
- 4.7 million MORE private sector jobs
- 3.6 million MORE people working*
Check back for more reports later in the day.
March 2014 reports:
- How Many Jobs Created or Lost Under Obama? - UPDATED for March.
- Jobs Lost/Gained Year by Year Since 1999 - UPDATED for March.
- Private/Government Jobs Gained/Lost Month by Month 2011 to 2014 - Not yet updated for March.
- How Many Jobs Have Been Created in 2013 to date? - UPDATED with final 2013 numbers.
- How Many Jobs Have Been Created in 2014 to date? - Not yet updated for March.
- How Many Government Jobs Lost or Added Under Obama? - UPDATED for March.
- Private/Govt Jobs Gained/Lost Under Obama - Not yet published for March.
- How Many Jobs Lost or Gained in March 2014? - SUMMARY UPDATED for March.
- How Many Jobs Lost or Gained Over the Past Year? (March 2013 through March 2014) - Not yet published.
- How Many People Left or Joined the Work Force (Civilian Labor Force) Since Obama Took Office? - Not yet updated for March.
Expectations:
- The "pundits" expected the March report to show robust job growth as the weather has improved from that of January and February. A Reuters poll predicted a gain of 200,000 jobs in March.
- An article in USA Today quotes economists expecting 195,000 up to 230,000 new jobs.
- Fox News also quotes estimates of 200,000 new jobs with unemployment dropping to 6.6%.
- The ADP (payroll service) private employment report which was released Wednesday, April 2nd, showed a gain of 191,000 private sector jobs.
February BLS Highlights:
- 175,000 payroll jobs added. (December jobs numbers were revised upwards by 9,000 and January numbers were revised upwards by 16,000.) Job growth has averaged 189,000/month over the past 12 months.
- Private jobs increased by 162,000.
- Government jobs increased by 13,000.
- Unemployment rate ticked back up to 6.7% (from 6.6%). The unemployment rate increased due mostly to people re-entering or entering the labor force and starting to look for work. (The unemployment rate comes from a different source than the number of jobs which is why the unemployment rate can increase even if the number of jobs increases. 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) decreased to 12.6%, a decrease of .1%, one-tenth of a percent. This is the lowest that it has been since October 2008, over five years ago. One year ago the alternate unemployment rate was 14.3%. The change was due primarily to a decrease in the number of involuntary part-time workers; that is, the number of people working part-time because they can't find full-time work, and a decrease in the number of "marginally attached" workers; that is, those who are ready to take a job but who did not look for work for some reason during the month.
- The labor force increased by 264,000 in February.
- The number of people employed, including agricultural and self-employed, increased 42,000 in February, with an increase of 163,000 employed full-time.
- Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 8.0 million MORE jobs in total
- 8.7 million MORE private sector jobs
- 7.2 million MORE people working*
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:- 3.7 million MORE jobs in total
- 4.5 million MORE private sector jobs
- 3.0 million MORE people working*
- ADP February Jobs Numbers Disappoint: Is it the Weather?
- Private Sector Job Loss/Growth Since 2008 w/ Graph - UPDATED for February.
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - UPDATED for February.
- How Many Jobs Created or Lost Under Obama? - UPDATED for February.
- Jobs Lost/Gained Year by Year Since 1999 - UPDATED for February.
- Private/Government Jobs Gained/Lost Month by Month 2011 to 2014 - UPDATED for February.
- How Many Jobs Have Been Created in 2013 to date? - UPDATED with final 2013 numbers.
- How Many Jobs Have Been Created in 2014 to date? - SUMMARY UPDATE for February.
- How Many Government Jobs Lost or Added Under Obama? - Not yet updated for February.
- Private/Govt Jobs Gained/Lost Under Obama - Not yet published for February.
- How Many Jobs Lost or Gained in February 2014? - SUMMARY UPDATE for February.
- How Many Jobs Lost or Gained Over the Past Year? (February 2013 through February 2014) - Not yet published.
- How Many People Left or Joined the Work Force (Civilian Labor Force) Since Obama Took Office? - Not yet updated for February.
- A bonus from January: Disappointed! Did We Really Lose Millions of Jobs in January?
January Highlights:
- 113,000 payroll jobs added. (December numbers were revised upwards very slightly, by 1,000; November numbers were revised upwards significantly.) Job growth has averaged 194,000/month over the past 12 months.
- Private jobs increased by 142,000.
- Government jobs decreased by 29,000. This is the largest decline in government jobs since October 2012.
- Unemployment rate ticked down to 6.6% (from 6.7%). The unemployment rate decreased slightly or remained the same for whites, but went up for blacks and Hispanics in the 18 to 24 year old age group. (The unemployment rate comes from a different source than the number of jobs which is why the unemployment rate can decline 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) decreased to 12.7%, a decrease of .4%, four-tenths of a percent. This is the lowest that it has been since October 2008, over five years ago. One year ago, the alternate unemployment rate was 14.4%. The drop in the alternate unemployment rate ws due mostly to a drop in the number of involuntary part-time workers; that is, the number of people working part-time who would rather work full-time.
- The labor force increased by 499,000 in January.
- The Household survey numbers (the number of people employed and unemployed) was "benchmarked" to updated Census numbers in January, as it is every January. This has slightly impacted the ability to compare January 2014 numbers with earlier numbers. The benchmarks added 24,000 to the labor force and 22,000 to the number of people employed. The number of white and Hispanics in the population decreased, and the number of blacks and Asians in the population increased.
- As usual, the Establishment survey numbers were adjusted in January to reflect more accurate data that is now available from employers. Those adjustments subtracted a total of 119,000 from total establishment jobs numbers. But a category of workers that was not previously counted among establishment jobs, services for the elderly and disabled that are provided in homes, is now counted among establishment jobs. This added 466,000 to the total establishment jobs numbers. The net effect of these two changes is an increase of 347,000 establishment jobs. Prior year numbers have been adjusted to reflect these changes.
- The number of people employed, including agricultural and self-employed, jumped 638,000 in January, with an increase of 378,000 employed full-time.
- Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
- 7.8 million MORE jobs in total
- 8.5 million MORE private sector jobs
- 7.2 million MORE people working*
Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:- 3.5 million MORE jobs in total
- 4.3 million MORE private sector jobs
- 3.0 million MORE people working*
January 2014 reports:
- Private Sector Job Loss/Growth Since 2008 w/ Graph - UPDATED for January.
- What Was the Unemployment Rate When Obama Took Office (compared to today)? - UPDATED for January.
- How Many Jobs Created or Lost Under Obama? - UPDATED for January
- Jobs Lost/Gained Year by Year Since 1999 - UPDATED for January
- Private/Government Jobs Gained/Lost Month by Month 2011 to 2014 - UPDATED for January.
- How Many Jobs Have Been Created in 2013 to date? - UPDATED with final 2013 numbers.
- How Many Jobs Have Been Created in 2014 to date? - PUBLISHED for 2014.
- How Many Government Jobs Lost or Added Under Obama? - UPDATED for January
- Private/Govt Jobs Gained/Lost Under Obama - Not yet published for January.
- How Many Jobs Lost or Gained in January 2014? - SUMMARY published for January.
- How Many Jobs Lost or Gained Over the Past Year? (January 2013 through January 2014) - SUMMARY published for January.
- How Many People Left or Joined the Work Force (Civilian Labor Force) Since Obama Took Office? - UPDATED for JANUARY.
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