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BLS Jobs Report Covering January 2014: Revisions and Seasonal Lows

The Brief Version

Because of yearly revisions, direct December-January comparisons are dicey. I will just note that, in the business survey, seasonally adjusted 197,000 jobs were added December 2012-January 2013 as compared with 113,000 this month, December 2013-January 2014. Keep in mind that anything below 200,000 is weak, and anything below 150,000 is bad. Read more about BLS Jobs Report Covering January 2014: Revisions and Seasonal Lows

The BLS Report Covering November 2013: Effects of the Government Shutdown Fade, Part Time Work Increases

In the household survey on employment, seasonally unadjusted, the October government shutdown took out expected October highs and created losses in numerous categories. In November, these were largely reversed. The biggest ongoing hit is to the labor force which is still 490,000 smaller than it was in September. And while employment increased, unadjusted, 631,000, most of this was in part time jobs (554,000). Read more about The BLS Report Covering November 2013: Effects of the Government Shutdown Fade, Part Time Work Increases

The BLS Jobs Report Covering October 2013: Effects of the Shutdown Mostly Hidden But Still Large

The October 2013 shutdown of the federal government affected seasonally unadjusted data in the Household survey only. It did not affect seasonally adjusted data in the Household survey or any data, adjusted or unadjusted, in the Establishment survey. Since official numbers, like the unemployment rate (7.3%) and jobs created (204,000), are seasonally adjusted, no effect from the government shutdown will be seen in them. Read more about The BLS Jobs Report Covering October 2013: Effects of the Shutdown Mostly Hidden But Still Large

The BLS Jobs Report Covering July 2013: Slow Build But In Poor Quality Jobs

The short version:
In July, unemployment fell to 7.4%. This was because the labor force seasonally adjusted (trendline) was largely unchanged and so most of the 227,000 increase in employment came from net hiring among the unemployed and not those entering the labor force. Employment remains 2 million below the last peak in January 2008. Read more about The BLS Jobs Report Covering July 2013: Slow Build But In Poor Quality Jobs

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