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    November 12, 2014

    Net Job Creation through October 2014

    Written by Peter Wright

    The Bureau of Labor Statistics (BLS) report on non-farm employment indicated that 214,000 jobs were added in October, September and August were revised up by 8,000 and 23,000 respectively. The three month moving average, (3MMA) has declined for four straight months but this job recovery is stronger than was the case in the mid-2000s, (Figure 1).

    Total non-farm payrolls are now 1,135,000 more than they were at the pre-recession high of January 2008. In each of the last seven months the 3MMA has exceeded 200,000 / month and in the first ten months of 2014 has averaged 220,000. All numbers in this analysis are seasonally adjusted by the BLS. The total number employed in the US is now 139,680,000 people.

    Peter Wright

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