Friday, July 5, 2013

Interesting data point from the Unemployment Report put today--Multiple Job Holders I salute you. However, I think you might be distorting the economic picture. Maybe you should back off. :)

I am always on the look out for new twists on the employment report that comes out monthly.  Here is one I have never looked at and thought interesting. This data comes from the latest Employment Report from the BLS.

The highlighted portions show the number of Multiple Job Holders and the change from June 2012 to June 2013. There are 283,000 more people doing this today than 1 year ago.  That works out to a monthly average of 23,538.

In the last year the average number of jobs created each month was approx 170,000 (data here).

This means that people with jobs ALREADY account for taking 14% of the additional jobs created each month. Perhaps not the full 14% because some of the those jobs may have already existed.

Seems like a lot. What do you think...

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