Friday, 17 May 2013
Aggregated NFP Employment numbers for 2013 - Jobs data without the hype
Posted on 12:53 by Unknown
Employment data aggregated January to April 2013
I haven't seen the jobs numbers (NFP's) totalled up by month anywhere else, so I thought I would do it.
Household Survey
Total 274,000
Part time jobs 143,000
Full time jobs 131,000
Average 68,500 jobs per month
Establishment (business survey) - the numbers that get quoted in the media headlines
Total 754,000
Average 188,500 jobs per month
The difference between the two reports
The difference of 480,000 between the two reports can largely be accounted for by :
1) The Household survey does not count people who start a 2nd or 3rd job (291,000)
These are almost exclusively low paid part time jobs.
2) Overstatements on the BLS Birth/Death numbers of around 133,000.
http://ian56.blogspot.co.uk/2013/05/business-start-ups-bls-birthdeath-model.html
The job number details by month
https://docs.google.com/file/d/0B3QiiNVim6gZV2FkYUxISXpCQWM/edit
Aggregated economic indicators (the blue line)
http://www.demeadville.com/baro.html
The economic indicators have taken a dramatic turn for the worse since March, particularly in the last 3 days.
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