Economy
January 30, 2017
Regional Job Creation for the Fourth Quarter 2016
Written by John Packard
The states compile their employment numbers independently of the Feds, then both are reported by the Bureau of Labor Statistics. The results are close. In the last sixteen quarters since Q1 2013, the Feds reported total job creation of 10,239,000 and the states reported 10,103,000 a difference of only 0.13 percent. Part of this small discrepancy is that the Feds capture off shore military personnel but the states don’t. Figures 1 and 2 show the history of Federal and State totals since 1992. SMU has graphs in the same format for 10 geographic regions and can produce for individual states if a reader so requests.
