As of the October BLS report, the economy has added 2.225 million private sector jobs, and 2.285 million total jobs in 2014.



The consensus is the economy will add another 220 thousand jobs in November (215 thousand private sector jobs). If that happens, 2014 will be the best year for private employment since 1999.



Here is a table showing the best years for nonfarm employment growth since 1995. To be the best year since the '90s, the economy needs to add an additional 222 thousand total nonfarm jobs. This could happen in the November report to be released next Friday, December 5th or in the December employment report to be released in early January.



This is happening with only 60 thousand public sector jobs added so far this year. For comparison, there were 186 thousand public sector jobs added in 2005







Top Years Since 1995

Change in Nonfarm Payrolls per Year (000s) Year Total Nonfarm

Employment 1997 3,408 1999 3,177 1998 3,047 1996 2,825 2005 2,506 2013 2,331 20141 2,285 2012 2,236 1995 2,159 1 2014 is through October.

Top Years Since 1995

Change in Private Payrolls per Year (000s) Year Private

Employment 1997 3,213 1998 2,734 1996 2,720 1999 2,716 2011 2,400 2013 2,365 2005 2,320 2012 2,294 20141 2,225 1995 2,081 1 2014 is through October.

For private employment, to be the best year since the '90s, the economy needs to add an additional 176 thousand private sector jobs (probably happen in the November report).There is a small chance that 2014 will be the best year since 1998 for private employment. However it would take an additional 491 thousand private sector jobs added in November and December (it would take 505 thousand additional jobs to be the best since 1997). That would be a very strong finish to the year - unlikely, but not impossible.Right now it seems very likely that 2014 will be the best year since 1999 for both total nonfarm and private sector employment.