Household Data: A9 Selective Employment Data

I am so tired of all the half-truths about the employment situation since 2008.   These half-truths remind be what Joseph Goebbels said, “If you repeat a lie often enough, it becomes the truth.”  And, what Vladimir Lenin said, “A lie told often enough becomes the truth.”  Therefore, I am here put the record straight about our employment situation.  The following employment numbers “do not” include statistical seasonal adjustments nor birth/death adjustments, just real jobs!

The following table illustrates full-time employed individuals, who are at least 16 years of age and work more than 35 hours per week:

Time	Employment	Change
2008 Annual FT Employment	120,030,000	N/A
July 2012 FT Employment	116,131,000	-3,899,000

Therefore, since 2008, actual full-time jobs declined by over 3.8 million individuals.

The next table illustrates part-time employed individuals, who are at least 16 years of age and work less than 35 hours per week: (Keep-in-mind that these jobs do not provide benefits, such as health insurance nor 401-k plans.)

Time	Employment	Change
2008 Annual PT Employment	25,332,000	N/A
July 2012 PT Employment	26,995,000	+1,663,000

Since 2008, actual part-time employment increased over 1.6 million individuals.  Therefore, actual net employment, part- and full-time, declined by 2,236,000 individuals. 

Source: BLS