AUG#: +130,000 jobs.

Unemployment up at 3.7%...AUG jobs under Trump HERE

Friday, November 4, 2011

How Many Jobs Created in 2011 to date? (October update)

How many jobs were created in all of 2011, from December 2010 to October 2011?   1,256,000
How many private-sector jobs have been created in 2011?   1,529,000
Have jobs been lost in 2011?  NO.






  • In seasonally adjusted numbers, 1,256,000 jobs have been created in 2011.  That's 126,000 jobs created per month in 2011.
  • In "raw" unadjusted numbers, 1,522,000 jobs have been created in 2011.  That's 152,000 jobs created per month in 2011.
  • In terms of total jobs and private-sector jobs, we have ONLY JOB GAINS in 2011.  
How many private-sector jobs were created in all of 2011, from December 2010 to October 2011?  Have private-sector jobs been created or  lost in 2011?

How Many Jobs Were Created in October 2011?


How Many Jobs Were Created in October 2013?

All jobs reports (2011 through 2013) indexed HERE.


This report is for October 2011.  For current numbers, click one of the above links. 


80,000 new jobs were 
created in the month of October 2011.


The private sector generated 104,000 new jobs, but the government sector continued to shed jobs, 24,000 jobs, in October 2011.


277,000 more people reported themselves as working in October 2011. 



The unemployment rate dropped one-tenth of one percent to 9.0% after sitting at 9.1% for three months.  This marks 7 months in a row that the unemployment rate has equaled or exceeded 9%.  Though this is significantly better than last year, when the unemployment rate exceeded 9.4% all year, a continued unemployment rate of 9.0% or above does not represent any kind of robust jobs recovery. 

How Many Jobs Has Obama Created, Lost? (October update)




The following are October numbers.  Please select a link above for current (May 2012) numbers.


How has Obama done on jobs?  2,270,000 gained since "trough" of recession.


How many jobs have been lost or gained during the Obama administration?  Have more new jobs been created or have more jobs been lost under Obama to date?  Still in negative jobs territory in net jobs gained/lost. 
Breakdown of private and government jobs lost and gained?  HERE!

These questions will be answered.  Keep reading!  
        
Summary of October jobs activity: 

Jobs increased 80,000 in total in October 2011 (vs. an increase of 103,000 in September). Private sector jobs continued to increase while government sector jobs continued to decrease. Private sector jobs increased by 104,000 (vs. 134,000 in September), while government jobs decreased by 24,000 (vs. a decrease of 34,000 in September).  

Is it true that over 2 million private sector jobs have been created in the Obama administration as the Democrats claim?

(Summary of gross and net jobs activity since Obama was inaugurated is below the jump---  Keep reading!)

What was the Unemployment Rate When Obama Took Office? (October update)

What was the unemployment rate when Bush left office and Obama took office?  7.7%

How high did it go?  10.1% 
What is today's (October's) unemployment rate?   9.0%

How many people were looking for work when Obama was inaugurated, how many were working?  And how many people are looking for work and how many are employed now?   Keep reading!

The Unemployment Rate when Obama took office:
  • For the record, when Obama took office in January 2009, the "official" unemployment rate in seasonally adjusted numbers was 7.7%, with 11,919,000 people reporting themselves as unemployed and actively looking.  142,221,000 people were working in January 2009. 
  • In "raw" numbers not adjusted for seasonal variance, the unemployment rate was 8.5% with 13,009,000 people reporting themselves as unemployed and actively looking for work.  140,436,000 people were working in numbers not adjusted for seasonal variance.


The Unemployment Rate at its Peak: 
  • At the "trough" (bottom in terms of jobs) of the recession in late 2009/early 2010, the "official" unemployment rate in seasonally adjusted numbers climbed to 10.1% in October 2009 with 15,612,000 people (out of a labor force of 153,854,000) reporting themselves as unemployed.   138,242,000 were working in October 2009; however, the lowest number of people working was reported in December 2009, when 137,792,000 people (in seasonally adjusted numbers) were working.    
  • In "raw" numbers not adjusted for seasonal variance, the unemployment rate reached a peak of 10.6% in January 2010 with 16,147,000 (out of a labor force of 152,957,000) reporting themselves as unemployed and actively looking for work.  Only 136,809,000 were working (in "raw" unadjusted numbers) in January 2010.


The Unemployment Rate Now:
  • Now, in October 2011, the "official" unemployment rate in seasonally adjusted numbers is at 9.0%, with 13,897,000 (out of a labor force of 154,198,000) unemployed and actively looking for work.  140,302,000 people are working now.  (Last month 140,025,000 were working.  This is an increase of 277,000 people working.) 
  • In unadjusted "raw" numbers the unemployment rate is now 8.5%, a decline of .3% (three-tenths of a percent) since September.  In "raw" real numbers, 13,102,000 (out of a labor force of 154,088,000) are unemployed and actively looking for work.  140,987,000 are working now in "raw" numbers unadjusted for seasonal variation.  (This is an increase of 485,000 people working.)

To Summarize the Unemployment Rate Now Compared to When Obama Took Office:
  • Using seasonally adjusted numbers, the unemployment rate was 7.7% (and rising quickly) when Obama took office, and it is 9.0% today.   11,919,000 were officially unemployed back then, and 13,897,000 are unemployed today.  
  • Using nonseasonally adjusted numbers, the unemployment rate was already 8.5% when Obama took office, and it is 8.5% today.   13,009,000 were officially unemployed back then, and 13,102,000 are officially unemployed now. 

Wednesday, October 26, 2011

Unemployment Rate? Unemployment Numbers?

Here's a quick list of the current unemployment rate and other unemployment numbers:

Unemployment rate as of September 2011:  9.1%
Alternate U-6 unemployment rate as of September 2011:  16.5%
Molly's alternate unemployment rate as of September 2011:  18.4%
All numbers as of  September 2011 unless otherwise indicated:

Number of people unemployed (officially) :  13,992,000


Number of people who "want a job" but haven't looked recently:   6,241,000   
Number of officially discouraged workers (a subset of those who "want a job"):  1,037,000 
Number of people working part-time who want full-time work:  9,270,000
Total number of people who want work or want full-time work:  29,503,000         

Number of people hired in August 2011 (last month for which these figures are available):  

Monday, October 24, 2011

Number of Jobs Lost in 2011 (Updated with October numbers)


(Please note:  This post dates back to November 2011.)

Number of Jobs Lost in 2011:

NONE.

That's right.  NO jobs (net) have been lost in 2011 to date.  

I'll repeat that:  There has been no net loss of jobs in 2011 to date.  

In fact, we have 1,256,000 MORE jobs now, as of mid-October, than we did at the end of 2010.




That doesn't mean that people aren't still getting laid off or fired.  But it does mean that there have been more people getting hired throughout 2011 than there are people getting fired or people quitting.

From December 2010 until August 2011 (the latest month for which the Bureau of Labor Statistics Job Openings, Layoffs, and Turnover numbers are available),  13,333,000 people were laid off or discharged, 14,803,000 people have quit, 3,007,000 have left for other reasons (such as retiring), giving a total of 31,143,00 separations.  Since December 2010, 32,000,000, however, have been hired.  That means that there have been 857,000 MORE hires than separations through August of this year.   

But over 1,600,000 people are still getting laid off or fired every month!  

Sunday, October 16, 2011

Unemployment Rate When Bush Left Office: 7.7% or 7.2%?

What was the unemployment rate when Bush left office?  7.2% or 7.7% (or 7.8%)?  Read below....

What Was the Unemployment Rate When Obama Took Office (compared to now)? August 2015 update HERE




Debunking the Republicans:  I've recently come across several quotes in right-wing blogs and publications (such as the National Review) claiming that the unemployment rate was 7.2% when George W. Bush left the White House and Obama entered in January 2009.

I didn't understand where this figure came from, as I KNEW the unemployment rate was already at 7.7%* when Obama took the oath of office.  I carefully read through the monthly BLS employment situation reports, and I've looked at those January 2009 figures many times.  (If you go to the BLS link, look at Table A-1 for the January 2009 number.  As numbers are revised over a period of months, again after the first of the next year, up to five years after a particular month,  I always use the most recent revision available as that is the most accurate. In this case, I use the January 2009 figure that is posted a year later, in January 2010.)  
* Update 2/1/2012: Based on the latest BLS revisions, the unemployment rate was  already up to 7.8% when Obama took office.

Why is this important?