BLS Employment Report

How Many Jobs Are Needed to Keep Up with Population Growth?

The press quotes all sorts of figures for the number of monthly job gains needed to keep up with population growth. We see numbers like 80,000, 100,000, 125,000 and 175,000 thrown around like statistical snow as the number of jobs needed each month just to keep up. What's the right one? How many jobs are needed each month just to keep up with population growth?

BLS Employment Report Shows 96,000 Jobs and an Unemployment Rate of 8.1% for August 2012

The August 2012 BLS unemployment report shows total nonfarm payroll jobs gained were 96,000. Even worse news, the last two months of job gains were revised down. July's gains are now 141,000, revised from 163,000 payroll jobs and June is a now a measly 45,000 jobs, also revised down from 64,000.

BLS Employment Report Seasonal Adjustment Hysteria Coated with Birth/Death Paranoia

There are some absolutely ridiculous articles on the July jobs report. Some are proclaiming the economic slowdown is over, which is absurd on it's face. One cannot conclude that from one month of payrolls data which will probably be revised.

Jobs Report Show 163,000 Jobs, Unemployment Rate of 8.3%

The July 2012 BLS unemployment report shows total nonfarm payroll jobs gained were 163,000. Don't get too excited, while above expectations this is still a mediocre report. June's payrolls were revised down, from 80,000 to 64,000. May's payrolls were revised up, from 77,000 to 87,000. The below graph shows the monthly change in nonfarm payrolls employment.

 

Yet Another Abysmal Jobs Report Shows Only 80,000 Jobs for June 2012

The June 2012 BLS unemployment report is another abysmal jobs report. Total nonfarm payroll jobs gained were only 80,000. May's payrolls were revised up, from 69,000 to 77,000. April job gains were revised down, again, from 77,000 to only 68,000. The below graph shows the monthly change in nonfarm payrolls employment.

 

BLS Employment Report is Abysmal - Only 69,000 Jobs!

The May 2012 BLS unemployment report is abysmal. Total nonfarm payroll jobs gained were only 69,000. April job gains were revised down, from 115,000 to only 77,000. March payrolls were also revised down, from 154,000 to 143,000. The below graph shows the monthly change in nonfarm payrolls employment.

 

BLS payrolls 05/12

 

May shows only 82,000 private sector jobs gained while government payrolls shrank another -13,000. In addition, 9,200 of those jobs were temporary.

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