As many of you may know, I brought Keep America At Work back online about a month ago as I wanted a way to ask the following question.
Are we creating enough jobs for our citizens?
Today the unemployment numbers came out.
|The latest Employment Situation news release has been posted on the BLS website at https://www.bls.gov/news.release/pdf/empsit.pdf and also archived at https://www.bls.gov/news.release/archives/empsit_10022020.pdf. Highlights are below.Nonfarm payroll employment rises by 661,000 in September; unemployment rate falls to 7.9%10/02/2020Total nonfarm payroll employment rose by 661,000 in September, and the unemployment rate declined to 7.9 percent. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic.HTML | PDF | RSS | Charts | Commissioner’s Statement|
So, what kind of economic activity happened in the Texas Data?
To understand that, we need to look at the numbers I loaded about a month ago.
NOTE: Click on pictures to zoom in and see them.
Pay attention now.
The last number I had as of last month was 12119 for July and 12087 for June (I am only using the integer portion at this point because the numbers will round up when they are at that point)
Here is the latest government data pulled just a few minutes ago
Notice how July was revised down from 12119 to 12112, or 3 if we round it up?
That six points works out to 6,000 jobs that we went down from what they had listed as pending last month.
And in the new data they have the figure of 12219 listed as pending now for August.
If that number stays come next month, it would mean that we had an increase in employment of 100,000 jobs.
The following report is what you would have seen at Keep America At Work for Texas total nonfarm as of yesterday.
Here is the new report I ran just this minute.
For those wondering why the numbers didn’t change a lot, we use the December total in the government data shown above as the ending data for each year.
But, because this is only a partial year for 2020, we have to use the following program to find the most recent months data.
In this case, it would be August of 2020 and we use that as the ending data for 2020 to see if we have created any jobs or not.
After reviewing all of this and doublechecking my numbers, I see that the Texas Employment market gained one hundred thousand jobs.
But, what will happen to that number come next month, and in a state that has about 21 million people employed, a one hundred thousand gain in employed is very little to clap about when yesterday the national numbers showed that another 875,000 filed for unemployment.