By
BLS 11/4/22
https://www.bls.gov/news.release/pdf/empsit.pdf
The
monthly jobs report shows jobs added in 2021 and 2022 by month
261000
in October 2022
263000
in September 2022
315000
in August 2022
528000
in July 2022
372000
in June 2022
390000
in May 2022
428000
in April 2022
431000
in March 2022
678000
in February 2022
467000
in January 2022
199000
in December 2021
210000
in November 2021
531000
in October 2021
194000
in September 2021
235000
in August 2021
943000
in July 2021
850000
in June 2021
559,000
in May 2021
278,000
in April 2021
785,000
in March 2021
379,000
in February 2021
49,000
in January 2021
8,684,000 total
The US jobs deficit for January 2021 was 9.5 million minus 8.684 million jobs added = 861 thousand deficit.
Total nonfarm payroll employment increased by 261,000 in October 2022 and the unemployment rate moved from 3.5% to 3.7%. The number of unemployed persons moved from 5.0 million to 6.1 million.
Professional and business services jobs increased by 43,000 in October and is above February 2020 levels by 1,100,000 jobs.
Financial jobs increased by 3,000 in October. Employment in financial activities is 200,000 jobs above its February 2020 level.
Health care jobs increased by 53,000 in October and has recovered since February 2020.
Manufacturing jobs increased by 32,000 in October. Manufacturing employment is at its February 2020 level.
Construction added no jobs in October.
Wholesale added 15,000 jobs in October and has recovered since February 2020.
Transportation and Warehouse jobs increased by 8,000 in October offsetting an 8,000 loss in September..
Retail jobs did not increase in October. Retail jobs are down by 208,000 since February 2020.
Leisure and hospitality jobs increased by 35,000 in October. Jobs are down by 1.1 million since February 2020.
In October, employment showed little change in other major industries, including mining, construction, retail, information, other services, and government.
https://www.bls.gov/news.release/pdf/empsit.pdf
https://www.bls.gov/news.release/empsit.nr0.htm
In
February 2020 the US Jobs Deficit was 9.5 million. US Unemployment
by industry has deficits since February 2020.
Industry
June Sept Oct Feb Apr May Aug
Sep
Hospitality
2.2M 1.6M 1.4M
1.5M 1.4M 1.3M -1.1m -1.1m
Prof
& Bus 632K 385K 215K+596k+738k +821k+1.1m +1.1m
Mfg 481K 353K 270K 178k
56k 17k 0k
0k
Construct 238K
201K 150K 11k +8k +40k
+40k +59k
Mining
110K 93K 87K 62k +73k +80k +96k +102
Healthcare 508K
524K 460K 306k
250k 223k -37k
+0k
Public
Sch 582K 504K 575K 306k 306k
308k -555k -555k
Pvt
Schls 255K 172K 148K 148k 148k
115k +115k +115k
SocialAsst 236K
204K 204K 152k 126k 126k -53k -53k
Media/Info
193K 108K 122K 122k 122k
122k
+117k +101k
Tran
Whse 94K +75K +149K+584k +674k+709k
+759k +751k
Wholesale
192K 159K 158K 113k
1 57k 41k -3k +9k
Other Svc 297K 189K 169K
317k 317k
317k -317k -317k
Retail
303K 202K 140K 104k 284k+159k -208k
-208k
Totals 6.3M 4.6M 4.9M 3.8M 2.9M 2.6M -1.34k -10.8k
Industries with current deficits as of 10/4/22 include Hospitality, Public Schools, Retail and Other Services.
https://www.bls.gov/news.release/pdf/empsit.pdf
https://www.bls.gov/news.release/empsit.nr0.htm
The Employment Situation-August 2021 (bls.gov)
Comments
The US Jobs deficit was 9.5 million in January 2021. This is the shortfall between jobs held in February 2020.
Over 5 million illegal immigrants entered the US since January 2021. I expect they will take government welfare in addition to jobs in food service, landscaping and drug cartel jobs. Over 1 million legal immigrants arrive each year and 2 million US students graduate each year.
The
US Labor Force Participation Rate 2021-2022
% 2021- 2022
62.2
October
62.3
September
62.4
August
62.1
July
62.2
June
62.3
May
62.2
April
62.4
March
62.3
February
62.2
January 2022
61.9
December
61.8
November
61.6
October
61.6
September
61.7
August
61.7
July
61.6
June
61.6
May
61.7
April
61.5
March
61.4
February
61.4
January 2021
https://tradingeconomics.com/united-states/labor-force-participation-rate
Norb
Leahy, Dunwoody GA Tea Party Leader
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