AUG#: +130,000 jobs.

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

Tuesday, January 30, 2018

How Many Jobs Has Trump Created or Lost (December 2017)?

How many NET jobs have been created or lost under Trump as of December 2017? How many private sector jobs have been lost or added during Trump's presidency?

How many new jobs in the last 11 months since Trump was inaugurated?  How many Americans were working or employed when Trump took office... compared to now? 

Since Obama left office & Trump took office (January 2017) in seasonally adjusted numbers:
  • 1,839,000 MORE jobs in total
  • 1,809,000 MORE private sector jobs

Have any private jobs been lost (net) over the past 11 months since January 2017?

Have any jobs (in total) been lost (net) over the past 
11 months since January 2017?

Are more people unemployed now than when Trump took office in January 2017?  

*What's the difference between "net" and "gross" jobs gained and lost?

Let's get something straight:  Jobs are lost every week and every month. People are fired, people are laid off, businesses or locations are closed and everybody is let go. 

Also people quit every week.  You yourself, dear reader,  may have quit a job at some point in time.

But people are also HIRED every week and every month.
  New businesses open, businesses expand, businesses replace people who have left or been fired.  Every week.  You yourself, dear reader, may have been hired for a job at some point in time. This happens in good times and bad.

Yes, even in bad times, people are getting hired.  Even in good times, people are let go.

Now:  The monthly jobs reportupon which this article is based, presents estimates based on surveys as to how many jobs are gained or lost in a given month.  Those numbers are based on the number of new jobs (people getting hired, businesses opening) MINUS the number of jobs that have been cut (people getting fired, people quitting, businesses closing or cutting back).

The monthly jobs report therefore reports NET job growth or loss.  

For 87 consecutive months in this country, starting with 76 months during the Obama administration, we have had MORE jobs being added than we have had jobs being cut.  For 94 consecutive months in the private sector (not counting federal workers, state or local workers such as teachers, firemen, cops, or people who staff the DMV; only counting people who work for private businesses), starting with 83 months during the Obama administration, we have had MORE jobs added than we have had jobs being cut.

To reiterate:  How many jobs have been created in the last 11 months versus how many jobs have been lost?
All numbers provided on monthly jobs reports, which is what the series on jobs created/lost under Obama or Trump is based, are NET jobs numbers.  In other words, they reflect gains after all job losses are subtracted, or they reflect job losses after all gains are added.  The numbers above reflect job gains after all job losses have been subtracted. 
For the past 94 months (as of December 2017), we have had NET gains in private jobs numbers every month.  In other words, in every month since February 2010, more private jobs have been created than have been lost.  In every month since September 2010, more jobs in total have been created than have been lost.  This is the longest consecutive period of job growth since these numbers have been recorded.
Fact check and important information on these jobs numbers...
The above jobs numbers are from the BLS jobs report of December 2017, 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.

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