Friday, January 7, 2022

US Jobs Report December 2021


By BLS, 1/7/21

The monthly jobs report shows jobs added in 2021 by month

199000 in December

210000 in November

531000 in October

194000 in September

235000 in August

943000 in July

850000 in June

559,000 in May

278,000 in April

785,000 in March

379,000 in February

49,000 in January

5,018,000 total

The US jobs deficit for January 2021 was 9.5 million minus 5.018 million jobs added = 4.32 million deficit.

Total nonfarm payroll employment increased by 199,000 in December 2021 and the unemployment rate declined from 4.2% to 3.9%. The number of unemployed persons fell from 6.9 million to 6.3 million.

Professional and business services jobs increased by 43,000 in December. This included 42000 admin jobs. Jobs are down by 35,000 since February 2020.

Leisure and hospitality jobs increased by 53,000 in December.  Jobs are down by 653,000 since February 2020.

Education jobs did not increase in December. Education employment is down by 723,000 from February 2020 levels including job losses of 370,000 in K-12 government education, 205,000 in state government education and 148,000 in private education.

Health care jobs did not increase in December.  Health care employment is down by 450,000 since February 2020.

Manufacturing increased by 26,000 jobs in December.  Manufacturing employment is 219,000 below its February 2020 level.

Information jobs did not increase in December. Employment in information is down by 122,000 since February 2020.

Financial activity jobs did not increase in December. Employment in financial activities is 30,000 jobs above its February 2020 level.

Mining jobs increased by 7,000 in December. Mining employment is 81,000 below a peak in January 2019.

Retail jobs did not increase in December.  Retail jobs are down by 176,000 since February 2020.

Transportation and warehousing added 19,000 jobs in December. Jobs are 218,000 jobs ahead of February 2020.

The other services jobs did not increase in December. Employment in other services remains 169,000 lower than in February 2020.

Personal Care jobs did not increase in December. Social Assistance care jobs are 204,000 below February 2020 levels

Construction jobs increased by 22,000 in December. Employment in construction is 88,000 lower than in February 2020.

Wholesale jobs increased by 14,000 in December.  

Employment in wholesale trade is 129,000 lower than in February 2020.

https://www.bls.gov/news.release/pdf/empsit.pdf

In February 2020 the US Jobs Deficit was 9.5 million.  US Unemployment by industry has deficits since February 2020.

Industry        June   July     Aug     Sept    Oct     Nov   Dec

Hospitality     2.2M  1.7M  1.7M   1.6M   1.4M  1.3M  0.6M

Prof & Bus    632K  556K  468K   385K  215K   69K   35K

Mfg               481K  433K  378K   353K  270K  253K 219K

Construction 238K  238K  238K   201K  150K  115K  88K

Mining          110K  103K  103K     93K    87K    87K   81K

Healthcare    508K 502K  502K   524K  460K  450K 450K

Public Sch    582K 205K  409K   504K  575K  575K  575K

Pvt Schools  255K 207K  159K   172K  148K  148K  148K

Social Asst   236K 236K  236K   204K  204K  204K  204K

Media/Info    193K 172K  150K   108K  122K  122K  122K

Tran Whse     94K   44K    22K  +75K +149K+210K+218K

Wholesale    192K 192K  192K   159K  158K  158K 129K

Other Svc     297K 236K  189K   189K  169K 169K  169K

Retail            303K 270K  285K   202K  140K 176K  176K

Totals           6.3M  5.6M   5.0M   4.6M   4.9M  4.7M  4.3M

https://www.bls.gov/news.release/pdf/empsit.pdf

https://www.bls.gov/news.release/empsit.nr0.htm 

Comments

The US Jobs deficit was 9.5 million in January 2021. This is the shortfall between jobs held in February 2020.

Over 1.7 million illegal immigrants entered the US since January 2021. I expect they will take government welfare in addition to food service, landscaping, construction and drug cartel jobs. Afghan refugees could exceed 100,000.

The US Labor Force Participation Rate 2021

%     2021

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

  

Norb Leahy, Dunwoody GA Tea Party Leader

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