Analysis of weekly unemployment data and covered employees shows that 5,977,844 benefit-paying jobs have been lost in the last year.







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The above chart is from reader Tim Wallace. I added the date and numeric annotations. Thanks Tim!



Covered Employment Stats of Merit





Covered employment is back to 2004 levels.

Close to 6 million benefits paying jobs have vanished in a year.

Over 8 million benefits paying jobs have vanished since the 2008 peak.

What is a Covered Employee?

Nearly 6 Million Jobs Vanish

The only way that cannot be true is if there was a sudden shocking increase in the number of real estate agents, church hiring, or close to 6 million people all of a sudden decided to go into business for themselves.

The ANNUAL ADDITIVE TREND from 2004 to 2008 of 1.9 million is now a net loss of 8 million the past two years



Year....Covered...........Number added from previous year

2004....126,276,670....Data from hard copy sheets

2005....127,622,590....1,345,920

2006....130,605,286....2,982,696

2007....132,623,886....2,018,600

2008....133,902,387....1,278,501 average added per yr = 1,906,429

2009....131,823,421....-2,078,966

2010....125,845,577....-5,977,844

Was there a Massive Surge in Retirees?

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Retiree Data

In October of 2006 there were 30,908,097 retirees.



In October of 2007 there were 31,467,071 retirees, an increase of 558,974.



In October of 2008 there were 32,222,895 retirees, an increase of 755,824.



In October of 2009 there were 33,366,881 retirees, an increase of 1,143,986.

In October of 2010 there were 34,463,650 retirees, an increase of 1,096,769.

Population Changes

Let's take another look at the BLS October Jobs Report.



Scroll down to page 5: HOUSEHOLD DATA Summary table A. Household data, seasonally adjusted.







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The first item of interest is the Civilian Noninstitutional Population (i.e the population aged 16 and up not in school, prison, or other institutions).



In the last year, the table shows Civilian Noninstitutional Population rose by 1,980,000 an average gain of 165,000 potential workers a month.

Expected Increase In Workforce

Hard Facts

6 Million Benefits-Paying Jobs Vanish and Unemployment Rate Drops!

supposedly