There The October jobs report had some very interesting bits of data, including a surge in non-seasonally adjusted full-tome jobs, a surge in non-seasonally adjusted part-time jobs, and a pop in multiple job holders. There was a dramatic drop in full-time jobs during the Great Recession. Peak jobs was achieved during July 2007. The worst of the jobs recession was during January 2010 when there were over 14 million fewer full-time jobs than we had during July 2007. This drop in full-time jobs, commensurate with part-time job gains, created a "Jobs Iceberg." We did not see total full-time jobs recovered until after January 2015. Those full-time jobs peaked during July before dropping below July 2007 levels almost immediately and stayed below they 2007 level until the Summer the following year.  The same thing happened during 2016 with the gains being maintained longer until dropping below the July 2007 level during January 2017. This pattern  of the Jobs Iceberg was identified for male and female workers. The October jobs report has been analyzed three ways to date:

  • "October Spooktacular Jobs Report" examined the Current Population Survey (CPS) data, the same data used for the "Iceberg data," and teh Current Employment Statistics (CES) data, that is used for the headline "jobs data." Workers surged. Jobs surged. Participation rose.
  • "Wages and Workers Improved during October" details how the non-seasonally adjusted (NSA) CES data revealed that all sectors, except Leisure and Hospitality, rose month to month, and how all sector, except Information Technology, rose October to October. It also details how all sectors have highly average weekly wages than they recorded during October of 2017.
  • "Five Presidents at 21 Months" compared President Trump's performance with former Presidents Reagan, Clinton, George W Bush and Obama. President Trump has added more full-time jobs than the four former Presidents combined after 21 months in office. He is one of three President to see participation improve. He is one of two Presidents to Increase jobs and decrease unemployment. He is the only President to replace part-time jobs with full-time jobs, drop unemployment, add full-time jobs. and increase participation.

What was recorded in the NSA CPS data for men and women this month?


Men had a record level of October full-time Jobs. Men added 54,000 full-time jobs and 584,000 part-time jobs during October. The 73.407 million FT jobs were a record for the month of October, (data here.)


Women had a record level of October Full-time jobs and a record level of combined full-time jobs and part-time jobs. Women added 507,000 full-time jobs and added 15,000 part-time jobs. (same link as above.)


Men had their lowest October unemployment level since October 2000. Men saw their unemployment level at 3.029 million. There were 2.7 million men unemployed during October 2000. The next closest October level of male unemployment was 2.861 million during October of 1979. It is important to note that the unemployment rate is the portion of the participants who are unemployed and that the participants are those with full-time jobs, par-time jobs, or unemployed workers. The workforce population was considerably smaller during 1979 and 2000. The participation levels were much lower, too. (Graph of data from 1967 to date is here.)


Women recorded their lowest October unemployment level since October of 1974. There were 2.742 million unemployed female worker this October compared with 2.560 million during October 1974. (See same link as above.)


Participation matters. Even though the unemployment rates for men and women are lower this October than during October 2007, their low participation rate more than offsets those reductions in unemployment rates. If we had the same participation rates for men and women as we did during October 2007,  4.8 million more men would have been working this month than were recorded. We would also have 2.6 million more women working than were recorded working this October. Do we have 3.58% female unemployment or 6.79% female unemployment. Do we have 3.50% male unemployment or 8.58% male unemployment?


Men and women both saw increases in multiple job workers. More men are working a primary FT job and Secondary PT job this October as compared to October 2017. They are also working more dual part-time jobs than last October. The did see a drop in the number of men working two FT jobs. Women are working more FT PT, jobs, more PT PT jobs, and more FT FT jobs than last October. (Data here.)


The recovery and expansion of the male and female work population have been very different. It took until February of 2018 for men to recover and maintain all the lost jobs that were lost between July 2007 and January 2010. Women recovered all of their lost full-time jobs and starting expanding their number of full-time jobs during February of 2016, two years earlier than men.We have an October record for the most number of jobs for men and an all-time record for the number of combined jobs for women. Unemployment is seriously low. Participation for women hit 57.42%, their best October since October 2012 when it was 57.86%. Men had a participation rate of 69.13%, their best October since October 2014 when it was 69.16%. There is still a huge gap between workers entering the workforce an workers finding jobs. Men and women are winning in the Trump Economy.


It's the economy.


 Reclaiming Common Sense