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Showing posts with label job growth April 2012. Show all posts
Showing posts with label job growth April 2012. Show all posts

Tuesday, June 19, 2012

Job Openings & Labor Turnover Survey: April 2012

3.66 jobseekers for every job in April 2012.

Summary for April 2012:


Fewer separations; but hiring and job openings down slightly over last two months peaks, layoffs up slightly.  A net increase of 89,000 hires over separations for the month of April 2012.  A total of 799,000 new hires over separations for the year of 2012 to date.


But Jobseekers to Jobs rise to 3.66 Jobseekers for every job after reaching a post-recession low of 3.39 last month. 

This morning the Bureau of Labor Statistics released the JOLTS report (Job Openings and Labor Turnover Survey) for the month of April 2012.  This report always runs a month behind the regular monthly Employment Situation Report.

While this month shows a drop in job openings and hires, both of these numbers are higher than they were a year ago, and we continue to have more hires than we have layoffs and separations.

3.7 Jobseekers for Every Job:  How does that get computed?

However, we still have 3.66 jobseekers for every job opening out there.  (This peaked at approximately 6.7 jobseekers for every worker back in summer of 2009.)  The 3.66 is an improvement from 2011, last year, in which the number was over 4.0 for every month except December, but, if every job opening were filled tomorrow, we'd still have over 9,000,000 people out of work. 





The average number of job openings this year has been as high as that in early 2008, and it has been trending upwards, despite some dips and trips.  It now stands at 3,400,000.  (We had over 4 million job openings each month during 2006 and throughout most of 2007.) 


The monthly employment report for April  2012, showed 12,500,000 people officially unemployed.  Divide that by the number of job openings on the latest JOLTS report (for April 2012), which is 3,416,000.  Voila.. we have a jobseekers-to-jobs ratio of 3.66.       

Why is it good that people quit?  

The number of people quitting has climbed over the past half year and now equals the rate of late 2008.  That  either means that people already have a new job lined up or they are confident that they will soon get one.  That's always a good thing for the labor market as a whole.

The Numbers:
  • Job Openings:  3,416,000 (vs. 3,741,000 in March 2012)
  • Hires:  4,175,000 (vs. 4,335,000 in March 2012)
  • Total Separations (includes Layoffs, Discharges, Quits and "other"):  4,086,000 (vs. 4, 187,000 in March 2012)
  • Layoffs:  1,720,000 (vs. 1,652,000 in March 2012)
  • Quits:  1,955,000 and 50.7% of "separations" (vs. 1,926,000 and 51.8% of separations in November)  Remember that quits are VOLUNTARY separations.  The higher the percentage of quits to total separations, the better for the jobseeker as a whole.  This number was at a recent high in the 58% area in early 2007, and it was at a low of about 37% in early 2009, as people hung on to their jobs and either did not quit or could not find better jobs.
Best Regions for Job Openings and Hiring:
  • The Northeast and the South for job openings.
  • The South and the West for hiring.
  • The South and the Midwest have the most "separations".
  • The South has the most "quits".
  • The South and the West have the most layoffs.

Best Industries for Job Openings and Hiring:
  • Job openings:  Mining and logging and construction job openings are  lower than last year.  Manufacturing, nondurable goods, openings are higher than last year.  Business and professional services, health care and social assistance (private), and leisure and hospitality have much higher rates of job openings than last year.   
  • Hires:  Mining and logging, construction, private educational services have lower hiring rates than last year.  "Transportation, warehousing, and utilities", financial activities, especially "real estate, rental, and leasing", and "arts, entertainment, and recreation" have experienced decent increases in hiring activity over the past year.  
Most separations?
  • Most separations over the past year:  Mining and logging,  financial activities, especially "real estate, rental, and leasing", and "arts, entertainment, and recreation" have experienced increases in separation  activity over the past year.   Less separations over the past year: Construction.
  • Fewest new layoffs:  Construction.  Most new layoffs:  "Arts, entertainment, and recreation". 

Saturday, May 5, 2012

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.      



    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.)

    Friday, May 4, 2012

    Bad Jobs Report! Yes? No? Maybe so?

    We only added 115,000 jobs last month!  This is horrible!  And it's all Obama's fault!


    And if you believe that this is all Obama's fault, there's this bridge you might be interested in buying...  
    Did anybody notice that Romney seemed actually happy this morning while gloating about how "bad" the April jobs report?  He also seemed to decide that we need to add 400,000 to 500,000 jobs a month to have healthy job growth.  This from the man who was the governor when Massachusetts was 47th in the union in job creation?  Who made his millions (and possibly billions) by breaking up companies and getting rid of jobs?  I truly hope the American people will not fall for this b.s.

    We know now that the Republicans have been plotting since inauguration night to make sure that Obama does not have a second term, and one of the ways they have been doing this is to stand in the way of anything that might make the jobs numbers improve faster than they are.  And I'm also sure they will do whatever they can to make good news seem tepid and to make tepid jobs news seem bad.  

    So, with that in perspective, let's look at this jobs report and jobs news this week:

    1.  First of all, we only supposedly added 115,000 jobs this week, and only 130,000 private sector jobs.  Last month we only supposedly added 120,000 jobs total, 121 private sector jobs.  But now, as more accurate estimates become available, the statisticians keep adding:  February 2012 started at 132,697,000 jobs, was increased to 132,701,000 jobs, and now is at 132,720,000 jobs.  March started at 132,821,000 jobs and the current estimate is 132,874,000 jobs.  We don't know what might happen to these numbers, including the April jobs number, next month.  These jobs numbers were really never designed to drive the stock market one way or the other, as they really are preliminary estimates.   

    2.  In real unadjusted numbers, we now have 1,559,000 more people working than we had when Obama was inaugurated, and we have 1,479,000 more jobs than we did when Obama was inaugurated.  This means that, in "real" numbers, about 1,500,000 of your fellow Americans, friends, family members, neighbors, have jobs now vs. January 2009.   

    3.  In seasonally adjusted jobs, which is the number that all jobs reports use, there are now 35,000 more private sector jobs than there were when Obama took office.  

    4.  Obama has been pushing for a new jobs program that would help stem the loss of state and local government jobs, particularly the loss of jobs in teaching jobs, for almost a year now.  The Republicans have given him no help or support on this at all.  In the meantime, we have lost 100,000 local level teaching jobs (elementary, high school, and community college) in the past year and 270,000 local level teaching jobs since late 2009.  We've lost another 50,000 local government jobs in the past year, and that would include firefighters, policemen, and other local governmental workers.

    5.  The spin is:  People are so despondent that they are dropping out of the work force!  Except that the Bureau of Labor Statistics actually asks people who are not in the labor force (not working and not actively looking for work) if they "want a job", and even this month, when we have 552,000 more people "not in the labor force", we have only a fairly small increase, 67,000 people, who "want a job".  We have to assume that most people who are no longer in the labor force DO NOT WANT A JOB.  We unfortunately don't know why people who were actively looking for work or working last month (in other words, people in the civilian labor force) are no longer in the civilian labor force this month, but the number of people who "want a job" has been generally going down over the past year.  More HERE (and a graph) about those people who are "not in the labor force".

    6.  Because we have an aging population with a large number of people who do not want jobs, we may need to make different assumptions as to the number of jobs we need to get to relatively full employment.   

    7.  Romney is now saying that an unemployment rate of 4.0% is a goal for a full economy, even though we haven't had an unemployment rate of 4.0% or lower since the year 2000, when Clinton was in office.  And before that, in the late 60's, until Nixon had been in office a year.  Before that, in the late 40's and early 50's when women were generally not in the work force.  

    8.  The quality of jobs is important.  The country right now with the lowest unemployment rate is Vietnam.  Do we really want to become a Vietnam just to get our unemployment rate down?  My sense-- pure speculation-- is that many older people who cannot find jobs are leaving the labor force if they can possibly swing it...  rather than take lousy jobs.. if they could even get a lousy job.  

    More thoughts and reports as analysis continues over the next days and weeks...





    April Jobs Links and Info:



    How Many Jobs Has Obama Created or Lost? (April 2012 update)


    How has Obama done on jobs?  
    3,745,000 gained since "trough" of recession.

    How Has Obama done on private-sector jobs?
    4,248,000 gained since the "trough" of the recession.

    26 months of private-sector job growth.
    19 months of over all job growth.

    Have any jobs been LOST (net) over the past 26 months?
    No net jobs have been LOST since September 2010 (19 months) when the last of the Census 2010 workers were let go.

    Have any private jobs been LOST (net) over the past
    26 months?  NO.  

    (Explanations below.  Keep reading.)


    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?  (The following numbers reflect the labor situation as of March 2012.  For current numbers, please click one of the links above!)    

    Summary:  We are still in negative territory in terms of jobs numbers since Obama took office.  We still have 572,000 FEWER jobs (total) now than when Obama was inaugurated, but we now have 35,000 MORE private-sector jobs than when Obama was inaugurated.  (You can find updates to these numbers HERE!.) 

    However, we are now adding jobs at a fair clip, with an average of 171,000 MORE jobs  total added per month since December 2010, and an average of  188,000 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": ....3,745,000


      Net LOSS in seasonally-adjusted jobs since Obama took office: .... 572,000                     

      "Raw:" numbers not seasonally adjusted:
      • Jobs lost from the time Obama took office to trough: .....4,246,000                                                    
      • Jobs gained since "trough": .......5,658,000


        Net GAINED in raw unadjusted jobs since Obama took office: ..... 1,412,000 

        *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.  

        How many private sector jobs have been gained or lost since Obama took office?

        Seasonally adjusted:
        • Private-sector jobs lost to "trough" (bottom of recession): .....4,212,000
        • Private-sector jobs gained since "trough": .....4,248,000
                 
        *(This is the number often used by Obama and the Democrats as the number of private jobs created since the "trough" of the recession .  It is a correct number, but it is a seasonally-adjusted number.  In "real" unadjusted numbers, 5,630,000 private sector jobs have been created since the "trough" of the recession.)
          
        Net GAIN in seasonally-adjusted private-sector jobs since Obama took office: ....35,000                      



        "Raw:" numbers not seasonally adjusted: 
        • Private-sector jobs lost to "trough": .....4,151,000 
        • Private-sector jobs gained since "trough": .....5,630,000                          
        Net GAIN in "raw" unadjusted private-sector jobs since Obama took office: .....1,479,000  

        *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.     

        Summary of April jobs activity: 

        Jobs increased 115,000 in total in April 2012 (vs. a revised increase of 154,000 in March). Private sector jobs continued to increase while government sector jobs continued to decrease. Private sector jobs increased by 130,000 (vs. a revised increase of 166,000 in March), while government jobs decreased by 15,000 (vs. a revised decrease of 12,000 in March).  

        Is it true that over 4 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!)


        Yes, if one is looking at numbers created from the bottom ("trough") of the recession.  In fact, that number is now low.  In seasonally adjusted numbers as of April 2012, 4,248,000 private-sector jobs have been created since the bottom of the recession.   (Remember that job loss continued for about a year after Obama was inaugurated.)

        Have any private jobs been lost over the past 26 months?


        Remember that these are NET job gains.  In other words, jobs are lost and jobs are gained all of the time, in good economies and in bad.  In growing economies, more jobs are gained over a period of months than are lost.  In declining economies, more jobs are lost over a period of months than are gained.  Over the past 26 months, we have a net gain (more jobs gained than lost) of 4,248,000 private sector jobs, and a net gain (more jobs gained than lost) of 3,745,000 total jobs.  In NET terms, NO jobs have been lost over the past 26 months; we have only added jobs.


        How many workers have been laid off or hired (net) during the Obama administration?  

        Seasonally adjusted:  
        • Fewer people working (net) to "trough" : .....4,219,000 
        • More people working (net) since "trough": ....3,869,000      
        Net LOSS in seasonally-adjusted number of people working since Obama took office: .....322,000                    



        "Raw:" numbers not seasonally adjusted:
        • Fewer workers to "trough": .......3,627,000
        • More workers since "trough": .....5,186,000
        Net GAIN in "raw" unadjusted number of people working since Obama took office:    .....1,559,000        

        Can you summarize the above?
        • Obama was inaugurated in January 2009 when the economy was in free fall and we were losing about 700,000 jobs a month.  Over 4,400,000 jobs were lost before Obama took office.  
        • The employment situation did not bottom out until late 2009 or early 2010.  An additional 4,300,000 jobs were lost between the time that Obama took office and the bottom ("trough") of the recession.  
        • That's a total job loss of at least 8,700,000 jobs over approximately 2 years.
        • Since the economy started to add jobs under Obama, 3,745,000 jobs have been added using seasonally-adjusted numbers (See below). 
        • Since the economy started to add jobs under Obama, 5,630,000 jobs have been added using "real" unadjusted numbers.  
        • We still need more jobs to overcome the loss of jobs that started in 2008 and to make up for the increase in population since 2008.  Please remember that over 49,000,000 people were laid off between Spring of 2008 and the end of 2009, even though people continued to be hired during that time. 
        • However, we now have MORE private-sector jobs in seasonally adjusted numbers than we did when Obama took office, and we now haveMORE people reporting themselves as working in unadjusted numbers than we did when Obama took office, and we are approaching that point in all numbers of jobs and workers. 

        How did you come up with these numbers?  Why isn't there one number instead of all of these?    



        Counting jobs or workers is very tricky. In seasonal numbers, we lost more jobs and workers in the first year of Obama's administration (4.3 million jobs lost), when the economy was struggling to pull out of recession, than we gained during the second and third years of Obama's administration when we experienced job growth.   In this fourth year of Obama's administration, however, we are now ahead of the numbers of jobs and workers when Obama took office in private jobs numbers and in most seasonally unadjusted numbers of workers and jobs. 


        Job growth was brisk in the first months of 2011, slowed down towards the middle of the year, then picked up during the last months of the year.  Job growth has slowed a bit this spring, but has continued nonetheless.  Private sector job growth continued throughout 2011 into 2012.  We now have 26 months straight of private sector job growth.  

        There's usually no one number that explains everything, and most monthly numbers need to be seen as "trends", not absolutes.  People use the unemployment rate, but even that can vary for so many reasons that don't really reflect the true state of the labor market.

        A few explanations and more detail:


        What is a "trough"?  When did we hit the low point of jobs and workers?  When did we hit the high point of unemployment? 

        I use the term "trough" to designate the lowest point of jobs or workers in this recession.  The various counts reach their "troughs" in various months, so it may be a bit confusing.  The unemployment rate reached its high point in October 2009.  The seasonally adjusted number of workers reached its low point in December 2009, but so many workers had dropped out of the work force that the unemployment rate had actually come down.  In raw, unadjusted numbers of workers and jobs, we reached our nadir in January 2010.  The seasonally-adjusted number of jobs reached its low point a month later, in February 2010. 

        How Many Jobs were Lost from the time Obama took office until the "trough" of jobs lost?
        • In seasonally adjusted numbers, employers reported 133,561,000 jobs in January 2009.  At the trough of the recession in February 2010, there were 129,244,000 jobs.  That's a loss of 4,317,000 jobs from the time Obama took office until the "trough" of the recession. 
        • In "raw" numbers (not adjusted for seasonal variances), employers reported 131,555,000 jobs in January 2009.  At the trough of the recession in January 2010, there were 127,309,000 jobs.  That's a loss of  4,246,000 jobs from the time Obama took office until the "trough" of the recession. 

        How Many Fewer Were Employed from the time Obama took office until the "trough" of employment?
        • In seasonally adjusted numbers, 142,187,000 people reported themselves as employed in January 2009.  At the trough of the recession in December 2009, 137,968,000 people reported themselves as employed.  That's a loss of 4,219,000 employed people from the time Obama took office until the "trough" of the recession.
        • In "raw" numbers (not adjusted for seasonal variances), 140,436,000 people reported themselves as employed in January 2009.  At the trough of the recession in January 2010, 136,809,000 people reported themselves as employed.  That's a loss of 3,627,000 employed people from the time Obama took office until the "trough" of the recession. 


        What was the unemployment rate when Obama took office?  How high did it go? 
        • For the record, when Obama took office in January 2009, the "official" unemployment rate in seasonally adjusted numbers was 7.8%, with 12,049,000 people reported themselves as unemployed and actively looking.  In "raw" numbers not adjusted for seasonal variance, the unemployment rate was already 8.5% with 13,009,000 people reporting themselves as unemployed and actively looking for work.
        • At the trough of the recession in late 2009/early 2010, the "official" unemployment rate in seasonally adjusted numbers was 10.0% in October 2009 with 15,421,000 people (out of a labor force of about 153,822,000) reporting themselves as unemployed.  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 about 153,000,000) reporting themselves as unemployed and actively looking for work.
        • Now, in April 2012, the "official" unemployment rate in seasonally adjusted numbers is 8.1%, which is less than the March 2012  unemployment rate with 12,500,000 (out of a labor force of 154,365,000) reporting themselves as unemployed.  In unadjusted "raw" numbers, the unemployment rate is now 7.7%, a decrease of .7% (seven-tenths of a percent) compared to the unadjusted unemployment rate in March 2012.  (Remember, the unadjusted unemployment rate was 8.5% when Obama was inaugurated.)  



        How many jobs have been created since the "trough" of the recession in late 2009/early 2010 to now, April 2012?
        • In seasonally adjusted numbers, 3,945,000 jobs have been created since the "trough" of the recession in February 2010.
        • In raw unadjusted numbers, 5,658,000 jobs have been created since the "trough" of the recession in January 2010.



        How many more people reported they were working since the "trough" of the recession in late 2009/early 2010 to now, April 2012?  
        • In seasonally adjusted numbers, 3,897,000 more people are working since the trough of the recession in December 2009.
        • In "raw" unadjusted numbers, 5,186,000 more people are working since the trough of the recession in January 2010.

        How Many New Jobs That President Obama Claims to Create Have Been Lost Now?

        Many people find my blog as they attempt to figure out how many jobs have been LOST under President Obama.  The above is one such question that someone is trying to answer.

        For the benefit of this person and others with similar questions about job loss under Obama, let me make this clear:  Since February 2010, we have had NO net losses in private-sector jobs.  Since September 2010, after all Census 2010 workers were released, we have had NO net losses in total jobs.

        ALL JOBS LOSSES took place in the FIRST YEAR of Obama's presidency.
         Look at the chart of private sector job growth HERE.  You should then get the picture. 
        (Note:  All of my employment number reports are based on monthly reports and data published by the Bureau of Labor Statistics.  Monthly numbers reports are based on the monthly Employment Situation Report.  The Employment Situation report includes month over month and year over year numbers of jobs and workers.  My analysis is taken from the monthly BLS data copied to an Excel spreadsheet every month.  I calculate detailed percentage increases/decreases, 3 month numbers, 2011 to date numbers, and I compare jobs numbers to those at the time of Obama's inauguration and at the "trough" of the recession.  As the BLS revises its numbers as new information is available, I use the latest available numbers in my monthly articles, which means that those numbers may differ slightly from numbers published in previous months.)

        April Jobs Numbers Summary 2012


        April 2012 Jobs Numbers have been released:



        • April summary:  A mixed report with not as many new jobs as hoped for, but upward revisions of 50,000 to last month's private jobs numbers.  
        • Economy adds 115,000 jobs in April.  (This is a net number; in other words, this is the total number of jobs reported by employers.  115,000 more jobs were created than lost in April.) 
        • Private employers add 130,000 jobs in April.  Manufacturing added 16,000 in April and March manufacturing numbers were revised upwards by 3,000 jobs. 
        • March jobs numbers were revised upwards by 50,000 total; private sector numbers were revised upwards by 70,000.  This means that private sector jobs actually increased by about 170,000 last month instead of the reported 121,000.  
        • Unemployment rate declines slightly to 8.1% as 173,000 fewer people reported themselves as unemployed, and as about 522,000 fewer people reported themselves as in the labor force.  (Those people either stopped working or stopped looking for work.)  Half of the people who are no longer in the labor force are 55 or older and about half of those people say that they no longer want a job.  
        • The biggest decrease in the number of people who are unemployed occurred in the ranks of people who were unemployed over 27 weeks.  There is a good chance that these are the people who dropped out of the labor force.  
        • There was an uptick of about 67,000 more people not in the labor force (not working or actively looking for work) who reported themselves as "wanting a job" despite not actively looking for work.  
        • 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) continues to drop to the lowest level since late 2008 and now stands at 45.1%.  (In other words, most people who are unemployed are now unemployed because they are either on temporary layoff, they are entering or re-entering the job market, or because they quit their last job.)
        • Underemployment rate stays the same at 14.5%.
        • Number of people working part-time who want full-time work increased by 180,000.
        • Number of full-time workers decreased by about 800,000; number of part-time workers increased by about 500,000