jobs

The Details of the October 2012 Employment Report Show Payrolls Paint Not Such a Rosy Picture

The BLS unemployment report shows total nonfarm payroll jobs gained were 171,000 for October 2012. September payrolls were revised from 114,000 to 148,000 and August was also revised upward, from 142,000 to 192,000. The below graph shows the monthly change in nonfarm payrolls employment.

 

A Look at September's Payrolls from the Employment Report

The BLS unemployment report shows total nonfarm payroll jobs gained were 114,000 for September 2012 and the unemployment rate dropped to an artificial 7.8%. Some better news was August's payrolls were revised up by 40,000 jobs to 181,000 and July was also revised up by 46,000 jobs to show a gain of 142,000 in nonfarm payrolls. The below graph shows the monthly change in nonfarm payrolls employment.

 

ADP Employment Report Shows 162,000 Private Sector Jobs for September 2012

ADP, released their proprietary private payrolls jobs report for September 2012. This month ADP is reporting a gain of 162,000 private sector jobs. August 2012 was revised down by 12,000 to 189,000 private payrolls gains. In stark contrast, the BLS reported 103,000 private sector jobs for August 2012.

ADP Employment Report - 201,000 Private Sector Jobs for August 2012

ADP, released their proprietary private payrolls jobs report for August 2012. This month ADP is reporting a gain of 201,000 private sector jobs. July 2012 was revised up by 10,000 to 173,000 private payrolls gains. In contrast, the BLS reported 163,000 private sector jobs for July 2012.

Displaced Worker Report Shows Not Enough People Are Landing New Jobs

The BLS released their displaced workers survey and the results paint a dark and foreboding picture for the American worker. Of the people who lost their jobs through offshore outsourcing, plant closures, business failures and layoffs during 2009-2011, by January 2012 only 56% of them had gotten another job. These are people who held the job they lost three years or longer and there were a whopping 6.12 million people in this category.

What's more disturbing, as if that's not enough, is the age breakdown of displaced workers who were in a job three years or longer. While the job losses seem reasonably evenly distributed, those finding other jobs appear not to be, as shown in the below four pie charts.

displacedworkersage

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.

 

ADP Employment Report - 163,000 Private Sector Jobs for July 2012

ADP, released their proprietary private payrolls jobs report. This month ADP is reporting a gain of 163,000 private sector jobs in July. June 2012 was revised down by 4,000 to 172,000 additional private payrolls. In contrast, the BLS reported 84,000 private sector jobs for June 2012.

Job Study Tells a Terrible Tale for U.S. Workers

The BLS released a longitude survey, which tracks the last of the pack of baby boomers and their jobs over 30 years. One the most damning findings is how many people middle aged are lasting in a job. When late baby boomers were in their 40's, a third of them had jobs which didn't last a year and almost 70% of 'em were out of a job in less than five years.

Job JOLTS - There are 3.5 Unemployed People Per Job Opening for May 2012

The BLS JOLTS, or Job Openings and Labor Turnover Survey reports the never ceasing abysmal jobs market. The May 2012 statistics show there were 3.5 official unemployed persons for every position available*. There were 3,642,000 job openings for May 2012, a 5.7% increase from the previous month of 3,447,000. Openings are still way below pre-recession levels of 4.7 million. Job openings have increased 67% from their July 2009 trough, yet opportunities are miles away from the 1.8 persons per job opening ratio at the start of the recession, December 2007. Below is the graph of May official unemployed, 12.72 million, per job opening.

 

job openings per official unemployed

 

Job openings are all types of jobs, temporary, part-time, seasonal and full-time. Hires are U.S. citizens, permanent residents, illegals and foreign guest workers.

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