How Many Jobs Created or Lost in October 2013?

204,000 new jobs were CREATED or ADDED last month, in the month of October 2013.  

The private sector generated (added) 212,000 new jobs and the government sector lost (decreased) 8,000 jobs in October 2013.

735,000 FEWER people reported themselves as working in October 2013, however, this number was affected by the recent government shutdown. The survey on which this number is based asks people for their employment status as of the second week of October.  The government was still shutdown during that week.         

All Latest Jobs Reports (2013 and earlier) indexed HERE!

         

The unemployment rate increased to 7.3% in October 2013, probably due to the effect of the government shutdown, as 735,000 fewer people reported themselves as working in October.  Over 700,000 people left the labor force in October; however, this could also be the result of the government shutdown, as federal workers were not employed but not looking for work.  We won't know until next month's numbers.  (The size of the labor force is volatile.  Read more HERE.)    The unemployment rate has been below 8.0% for 14 months in a row now, starting in Summer 2012.  

How Many Jobs Created in 2012 to date? (May update)

How many jobs were created in all of 2012 to date, from December 2011 through May 2012?   823,000

How many private-sector jobs have been created in 2012?   847,000

How many more people working in all of 2012 to date, from December 2011 through May 2012?  1,497,000 

Have jobs been lost in 2012?  NO.  I'll repeat that:
NO jobs have been lost (net) in 2012.

Latest jobs and unemployment reports (June 2012, all 2012 and 2011) HERE!

ADP Jobs Report for June HERE!

How Many Jobs Have Been Created in the Last Two Years? HERE

  

Other Latest (May, 2011, and all 2012) reports HERE
          

Jobs Created Month by Month (Private & Govt) HERE

• In seasonally adjusted numbers, 823,000 jobs have been CREATED in 2012.  That's 165,000 jobs ADDED per month in 2012.
• In "raw" unadjusted numbers, 762,000 jobs have been CREATED in 2012.  That's 152,400 jobs ADDED per month in 2012.
• In terms of total jobs and private-sector jobs, we have ONLY JOB GAINS in 2012.  

How many private-sector jobs were created in all of 2012, from December 2011 through May 2012?  Have private-sector jobs been created or  lost in 2012?

What Was the Maximum Number Jobs per Month Created by Obama?

What Was the Maximun Number of Jobs per Month Created by Obama?

The maximum number of jobs created per month under Obama to date was 275,000 total jobs created in January 2012.  This total includes both private sector and government jobs.  

Seasonally adjusted jobs totaled 132,186,000 in December 2011.  In January 2012, that number increased to 132,461,000, a difference of 275,000 jobs.

What Was the Maximum Number of Private Jobs per Month Created by Obama?

The maximum number of private jobs created per month under Obama to date was 277,000 total jobs created in January 2012.  

Seasonally adjusted private sector jobs totaled 110,193,000 in December 2011.  In January 2012, that number increased to 110,470,000, a difference of 277,000 jobs.

What Was the Maximum Number of Government Jobs per Month Created by Obama?

The maximum number of private jobs created per month under Obama to date was 432,000 government jobs created in May 2010 with the hiring of the majority of Census 2010 workers.  

Seasonally adjusted government jobs totaled 22,565,000 in April 2010.  In May 2010, that number increased to 22,997,000, a difference of 432,000 jobs.  (As these were temporary Census jobs, it should be noted that all of them were terminated by approximately September 2010.)

What's this Seasonal adjustment stuff?  Click the link and find out!

Other Jobs Numbers and Info (posted in late May and June):

• What Was the Unemployment Rate When Obama Took Office? (May 2012 update w/graph)
• How Many Jobs Has Obama Created or Lost? (May 2012 update)
• May Jobs Numbers: Terrible? Or Bad Seasonal Adjustments?
• How Many Jobs Created or Lost in May 2012?
• Private & Govt Jobs Month by Month 2011 & 2012 (May Updates)
• Private Sector Job Loss/Growth Since 2008 (w/graph).
• Romney: Non Job Creator?
• Weekly Initial Unemployment Claims June 7th, 2012 (w/graph)
• 800,000 New Private Sector Jobs in May?
• Job Growth & Loss Year by Year Since 1999

Private Sector, Total Job Loss & Growth Since 2008 (Updated for March 2015)

Private Sector Job Loss & Growth From 2008 through March 2015.

Total (Private AND Government) Job Loss & Growth from the previous peak of jobs in January 2008 through March 2015 listed below the graph.

How Many Jobs Were Lost in 2008?  Continue reading below the graph!

Does this mean the recovery is complete?

Of course not.  The "V" is now complete, as we have recouped ALL private sector jobs lost since January 2008 and added about 3.5 million more private jobs.  Every month now we record new "peaks of private sector jobs" for this country and new peaks of ALL jobs.  However, we have about 600,000 FEWER government jobs, and, of course, as the population has grown, we still have a way to go in terms of jobs recovery, as we all know.

The recovery has been stronger than first thought.  The blue line above represents the initial estimates of private sector jobs during the initial stages of the recovery in 2011 and 2012.  The green line represents the number of private sector jobs based on the latest revisions.

How Many PRIVATE Sector Jobs Were Lost Before Obama Took Office?

• There were 115,977,000 private sector jobs at the "peak" of jobs in January 2008.
• 3,600,000 private sector jobs were LOST during 2008.
• There were 112,218,000 private sector jobs in December 2008.
• 821,000 private sector jobs were LOST in January 2009, before Obama took office.  (Jobs numbers are calculated as of the second week of the month.  Obama did not take office until the third week of the month.)
• There were 111,398,000 private sector jobs in January 2009 when Obama took the oath of office.
• In total, 4,579,000 private sector jobs were LOST from the "peak" of jobs in January 2008 until Obama took the oath of office in January 2009.

How many PRIVATE sector jobs have been lost or gained since Obama was inaugurated?

• 4,210,000 PRIVATE-sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.8%.
• 12,112,000 PRIVATE-sector jobs (in seasonally adjusted numbers) have been GAINED OR CREATED from the "trough" of the recession until now, March 2015.  That's an increase of 11.3%.
• In total, 7,887,000 private sector jobs (in seasonally adjusted numbers) have been GAINED from the time Obama took office until now, March 2015.  That's a net increase of 7.1%. 
• We have experienced 61 months of positive private-sector job GROWTH from February 2010 until March 2015.  We have added 12,112,000 private-sector jobs during those 58 months.    
• We now have 119,285,000 PRIVATE sector non-farm jobs.

How Many Jobs in TOTAL (Private & Government) Were Lost Before Obama Took Office?

• There were 138,365,000 jobs at the "peak" of jobs in January 2008.
• 3,591,000 jobs total were LOST during 2008, from January until December 2008.
• There were 134,774,000 jobs in December 2008.
• 798,000 jobs were LOST in January 2009, before Obama took office.
• There were 133,976,000 jobs in January 2009 when Obama took the oath of office.
• In total, 4,389,000 jobs were LOST from the "peak" of jobs in January 2008 until Obama took the oath of office in January 2009.
• How Many Jobs Were Lost Before Obama Took Office?  HERE!

How many jobs in TOTAL (Private & Government) have been lost or gained since Obama was inaugurated?

• 4,321,000 jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.2%.
• Altogether, 8,710,000 jobs in total (private and government) were lost from the "peak" of jobs in January 2008 until the "trough" in February 2010.  That's a decrease of 6.3%.  
• 11,534,000 jobs (in seasonally adjusted numbers) have been GAINED OR CREATED from the "trough" of the recession in February 2010 until now, March 2015.  That's an increase of 8.9%.
• In total, 7,206,000  jobs (in seasonally adjusted numbers) have been GAINED from the time Obama took office until now, December 2014.  That's a net increase of 5.4%. 
• We have experienced 54 months of positive TOTAL job GROWTH from September 2010 (when the 2010 Census finished laying off the last of the Census workers) until now, December 2015.  We have added 10,890,000 jobs during those 54 months.    
• We now have 141,183,000 TOTAL (private & government) payroll jobs.

All Jobs Numbers and Reports (2011 through 2015 to date) HERE! 

March 2015 Updates Listed HERE

How Many Jobs Were Created in May 2012?

May 2015 Jobs News Highlights

All Jobs and Unemployment Reports For 2011 through 2015 Indexed HERE!

The following numbers are for May 2012.  For current numbers, please click one of the above links.

69,000 new jobs were created in the month of May 2012 (in seasonally adjusted numbers).

The private sector generated 82,000 new jobs, but the government sector continued to shed jobs, 15,000 jobs, in May 2012.  


422,000 more people reported themselves as working in May 2012. 
(The above are all seasonally-adjusted numbers.)

      

The unemployment rate increased one-tenth of one percent to 8.2%, increasing from 8.1% in April.  The unemployment rate has been under 8.4% every month this year.  Last year, the unemployment rate exceeded or was equal to 9.0% for 7 months out of the year.  The increase in the unemployment rate this month was due to people entering or re-entering the labor force. 


In terms of numbers, the civilian labor force (the people either working or actively looking for work) is at a new high of 155,007,000 people.  We have never had this many people in the civilian labor force before.  The labor force participation rate (the percent of people in the civilian non-institutional population 16+ who are either working or looking for work) edged up .2% (ten-tenths of a percent) to 63.8% this month. 

How Many Jobs Has Obama Created or Lost?

*******************************************************************

July 2015 update for THIS REPORT found HERE.

July 2015 numbers were released Friday, August 7.  Details HERE.
******************************************************************

All other jobs reports (2011 through 2015) indexed HERE

How Many Jobs (Net) Created in 2014? HERE

How Many Jobs Lost or Gained Over Past Ten Years?

The following are numbers as of May 2012.  For latest numbers, please click one of the above links.

How has Obama done on jobs?  
3,765,000 gained since "trough" of recession.


How Has Obama done on private-sector jobs?
4,268,000 gained since the "trough" of the recession.

27 months of private-sector job growth.
20 months of over all job growth.


Have any jobs been lost over the past 27 months?


(Explanations below.  Keep reading.)

Also see:  Private Sector Job Loss/Gain since 2008 with Latest Updates

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?   

Summary:  We are still in negative territory in terms of total jobs numbers since Obama took office; however, we have pulled into positive territory in private sector jobs.  We still have 552,000 FEWER jobs (total) now than when Obama was inaugurated, but we now have 55,000 MORE private-sector jobs than we had when Obama was inaugurated.


However, we are now adding jobs at a fair clip, with an average of 156,600 MORE jobs  total added per month since December 2010, and an average of  173,600 MORE jobs added per month in the private sector since December 2010.

Here's a summary of data from the BLS (Bureau of Labor Statistics).  All numbers lost to the "trough" of the recession reflect ALL non-farm jobs lost between the time Obama took office and the lowest point of the recession in late 2009/early 2010 :

(Note:  All of the jobs numbers are NET numbers.  In other words, we know that jobs are lost and added every month, in good years and in bad.  The numbers reported here, based on Bureau of Labor Statistics numbers, are "net" numbers; that is, the number of jobs gained after the number of jobs lost is subtracted, or the number of jobs lost after the number of jobs gained is added.)  

Seasonally adjusted:

• All jobs lost from the time Obama took office to "trough" (bottom of recession): .....4,317,000
• All jobs gained since "trough": ....3,765,000

Net LOSS in seasonally-adjusted jobs since Obama took office: .... 552,000                     

May Jobs Report: Terrible? Or Bad Seasonal Adjustments?

The May 2012 jobs report seems terrible; worse than we've seen since last summer.

Yet, upon looking at the "raw" numbers, not the seasonally adjusted numbers, I notice quite an anamoly.  

In unadjusted "raw" numbers, 732,000 MORE people reported themselves as employed in May. This increase adjusted to 422,000 MORE employed people. (This makes sense as May is a hiring month.) However, in unadjusted "raw" numbers, employers reported ADDING 789,000 new jobs, which is in line with the 732,000 MORE people reporting themselves as employed. However, the 789,000 new jobs in raw numbers adjusted down to only 69,000 new jobs in total.  (Many of the new jobs are in seasonal industries, such as construction, accommodation, food service.)


What this means is that in real numbers, in numbers of your family, friends, and neighbors getting jobs and going to work, there are actually in the range of 700,000 of them who did so in May.  In "real" numbers, we have about:

• 100,000 more jobs in construction industries.
• 200,000 more people in "agricultural and related" industries. 
• 100,000 more people working in "private households".
• 200,000 more people who are self-employed
• 100,000 more who are in "management, business and financial operations"
• 500,000 more in "service occupations".
• 140,000 less in "sales".
• 450,000 less in "office and administrative support" occupations. 
• 100,000 more in "farming, fishing, and forestry".
• 240,000 more in construction occupations. 
• 100,000 more in "installation, maintenance, and repair".
• 100,000 more in "production" occupations.
• 50,000 more in "transportation and moving" occupations. 

(Some groups overlap.)

Though the jobs report (Establishment report), which is a sample of jobs numbers from employers, and the household (CPS report), which relies on a scientific survey of 60,000 households in the population conducted by the Census, are never in perfect synch, this seems way, way off.  (It was off in May 2011 as well.)  I don't know why these adjustment factors are so skewed, but perhaps this report isn't as bad as we think it is?

723,000 more people working.  789,000 more jobs.  

May Jobs Numbers Summary 2012

The following numbers are as of May 2012.  For Latest Numbers, please click HERE!

May Jobs Reports & Summaries:

• May Jobs Numbers: Terrible? Or Bad Seasonal Adjustments?
• How Many Jobs Has Obama Created or Lost? (May 2012 update)
• How Many Jobs Created or Lost in May 2012?
• Private & Govt Jobs Month by Month 2011 & 2012 (May Updates)
• Job Growth & Loss Year by Year Since 1999
• • What Was the Unemployment Rate When Obama Took Office? (May 2012 update)
• May summary:  A seemingly glum report with few new jobs and revisions downwards of the prior two months.  However, more people jumped into the labor market (labor force) and the total number of people reporting themselves as employed went up significantly.  
• Economy adds 69,000 jobs in May.  (This is a net number; in other words, this refers to the total number of jobs reported by employers.  69,000 more jobs were created than lost in May in seasonally adjusted numbers.) 
• Private employers add 82,000 jobs in May.  Manufacturing added 12,000 in May, but April manufacturing numbers were revised downwards by 6,000 jobs. 
• April jobs numbers were revised downwards by 49,000 total; April private sector numbers were revised downwards by 62,000.  
• Unemployment rate upticks slightly to 8.2% as 220,000 MORE people reported themselves as unemployed, and as about 642,000 MORE people reported themselves as in the labor force.  (Those people started looking for work.)  
• The brightest spot of this report is that 422,000 MORE people reported themselves as employed in May vs. April.  (However, this does conflict with the small increase in the number of jobs.)  
• Seasonal adjustments seem to be strange in this report.  In unadjusted "raw" numbers, 732,000 MORE people reported themselves as employed in May.  This increase adjusted to 422,000 MORE employed people.  (This makes sense as May is a hiring month.)  However, in unadjusted "raw" numbers, employers reported adding 789,000 new jobs, which is in line with the 732,000 people reporting themselves as employed.  However, the 789,000 new jobs adjusted down to only 69,000 new jobs in total.  Why are the seasonal adjustment factors between the Establishment (jobs) numbers and the CPS (household) numbers so skewed?  
• The number of people not in the labor force shrunk by 461,000, reinforcing the fact that many people jumped into the labor force in May.
• Unemployment among minorities and people without a high school education went up, but those unemployment rates are still lower than they were a year ago. 
• Unemployment among people with college degrees went down and now stands at 3.9%, one of the lowest rates for this group of people in three years.
• The number of people unemployed over 27 weeks went up, but it is still lower than the number of long-term unemployed in February 2012.
• The biggest decrease in the number of people who are unemployed occurred in the ranks of people who were unemployed 15-26 weeks.  There are 222,000 fewer people who report themselves as unemployed for 15-26 weeks.  
• The number of people who are unemployed because they permanently lost their jobs (vs. entering or re-entering the job market or being on temporary layoff) increased to 46.4% of the total unemployed, though this rate is still below what it was in February 2012.  
• Underemployment (U-6) rate went up to 14.8% (from 14.5%), but it is still below its levels of January 2012.
• Number of people working part-time who want full-time work increased by 245,000.  This is the second month in a row that this number has increased.
• Number of full-time workers decreased by about 266,000; number of part-time workers increased by about 618,000.  However, we do have about 2,000,000 MORE people working full-time than we did a year ago.
• • • ADP May Payroll Estimates: 133,000 New Private Jobs
• • How Many Jobs Lost Before Obama Took Office?

Latest Jobs Reports & Numbers HERE!

What Has Obama Done to Create Jobs?

Can a President do anything to create jobs?  

Yes and no.  Fiscal and economic policies, government spending or lack thereof, general confidence, all have an impact on either the number of jobs directly or the economic condition of a country which will influence the number of jobs.  But to say that a President is strictly responsible for the jobs created or not created during his administration is folly.  International tensions, in particular, tensions involving oil producing countries, can hamper economic growth.  A cooperative Congress can help a President pass policies that stimulate job growth; an obstructionist Congress can hinder job growth.  Economic conditions abroad, in Europe or Asia, can also help or hinder job growth here.

But here are three things that Obama was primarily responsible for that have helped with job growth:

1.  Stimulus.  According to the Congressional Budget Office, the stimulus was responsible for either the creation or the savings of at least three million jobs during the 2009 to 2011 period.  That does not include the multiplier effect, in which people with jobs buy things and keep other people employed.  

2.  GM Bailout.  The estimates of how many jobs were created or saved by the auto bailout, in particular, the GM bailout are from 1 million to 1.7 million.  Those jobs are providing at least 8 billion a year in income tax revenue, not counting sales tax revenue, FICA payments, and NO unemployment payments for the people still working.  HERE's a decent link explaining some of the issues. 

3.  Unemployment extensions and payroll tax cuts.  How many people have been kept out of abject poverty by up to two years of unemployment compensation?  And what was the multiplier effect of those millions of people receiving unemployment compensation.. as well as the multiplier effect of payroll cuts...on the economy as a whole?

Here's Media Matters on the issue from last December quoting studies done by the Economic Policy Institute:

Of the $72 billion increase in GDP related to continuing the unemployment insurance benefit extensions through 2012, some 37.4 percent, or $26.9 billion, would be recouped in higher revenues, as more people and firms pay taxes, and in lower expenditures. Consequently, the effective cost to the budget of continuing the UI benefits extension for a year is $18.1 billion instead of $45 billion. This means that the continuation of unemployment insurance benefit extensions through 2012 would save 560,000 jobs at an effective cost of around $32,000 per position. That alone is a good deal, but when we remember that these expenditures would assist millions of families of the long-term unemployed during the worst downturn in seven decades, the case for continuing the extensions could not be more clear. 

Now:  

Did all of the people complaining about job growth under Obama also complain about job growth under Bush?  Job growth under Obama, with much more trying circumstances, is just about the same or a bit ahead of job growth under Bush at a similar time in their respective presidencies.  Check out the article. 

Private & Government Jobs Gained & Lost Under Obama (April 2012)

MAY 2013 BLS Jobs Numbers and Unemployment Rate Were Released Friday, June 7th.  Check HERE for detail.

All jobs numbers & reports  (2013, 2012, and all 2011 Updates) indexed HERE!!

Private & Government Jobs Gained & Lost Under Obama (November update)



The following numbers are as of April 2012.  For latest numbers, please click one of the above links.

How many jobs (total, private, and government) have been lost or gained since Obama was inaugurated?  

• 4,317,000 jobs (in seasonally adjusted numbers) were LOST in TOTAL from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.2%. 
• 3,745,000 jobs (in seasonally adjusted numbers) were CREATED from the "trough" of the recession until now, April 2012.  That's an increase of 2.90%.
• In total, 572,000  jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, April 2012.  That's a decrease of 0.43%. *
• We have experienced 19 months WITHOUT job losses since September 2010.  We have ADDED 3,104,000 jobs during those 19 months. 
• We now have 132,989,000 TOTAL non-farm jobs.  
  
  

*  These are all net figures, meaning that they represent the total number of jobs at the end of a reporting period.  All losses have been subtracted from all gains and vice verse.

*  Though, as of April 2012, we still have fewer jobs (in adjusted numbers) than when President Obama took office, jobs are being added at a faster clip under Obama than under George Bush at the same time in his presidency.  At this point in Bush's presidency (April 2004), there were still 1,415,000 fewer jobs than when he was inaugurated in January 2001 (compared to 572,000 fewer for Obama).  The number of jobs didn't eclipse the number when Bush was first inaugurated until February 2005, in Bush's second term.      

All jobs numbers & reports  (July 2012 & and all 2011 Updates) indexed HERE!!

How many PRIVATE sector jobs have been lost or gained since Obama was inaugurated?

• 4,213,000 private-sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.8%.
• 4,248,000 private-sector jobs (in seasonally adjusted numbers) were GAINED OR CREATED from the "trough" of the recession until now, April 2012.  That's an increase of 3.98%.
• In total, 35,000 private sector jobs (in seasonally adjusted numbers) have been GAINED from the time Obama took office until now, April 2012.  That's a net increase of 0.03%. *
• We have experienced 26 months of positive private-sector job GROWTH from February 2010 until April 2012.  We have added 4,248,000 private-sector jobs during those 26 months.    
• We now have 111,020,000 PRIVATE sector non-farm jobs.

*Though, as of April 2012, we still have fewer private-sector jobs (in adjusted numbers) than when President Obama took office, jobs are being added at a faster clip under Obama than under George Bush at the same time in his presidency.  At this point in Bush's presidency (April 2004), there were still 2,194,000 fewer private sector jobs than when he was inaugurated in January 2001 (compared to 35,000 MORE for Obama).  The number of private-sector jobs didn't eclipse the number when Bush was first inaugurated until June 2005, in Bush's second term.    

How many GOVERNMENT jobs have been lost or gained since Obama was inaugurated?

• 102,000 government jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of  .47%  (about half of a percent). 
• Another 505,000 government jobs (in seasonally adjusted numbers) were LOST from the "trough" of the recession until now, April 2012.  That's a decrease of 2.25%.
• In total, 607,000 government jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, April 2012.  That's a decrease of 2.69%. 
• We have experienced decreases in the number of government jobs in 20 out of the last 23 months, starting in June 2010, when the layoff of 2010 Census workers began.  
• We now have 21,969,000 GOVERNMENT non-farm jobs, not including people in the military.  (Civilians employed by the U.S. and working for the military are counted.)

(Note:  Current numbers taken from the April Bureau of Labor Statistics Employment Situation Report.  Historical numbers taken from various archived Employment Situation reports as indexed HERE. Specifics will be provided upon request; please email me or leave a comment.)