.

Sources:ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt

.

www.bea.gov/national/xls/gdplev.xls

.

.

OBSERVATIONS:

.

a. From 1960 to 2000 it took inflation adjusted GDP growth 1.5% (median) to increase NFP by 1%. In the past decade it took 11% "growth" in GDP to increase NFP 1%. (ref column S)

.

b. From 2001 through 2004 inflation adjusted GDP "grew" 9% while NFP shrunk .3% (nominal GDP "grew"19%!)

.

c. In 2008 and 2009 inflation adjusted GDP decreased 2.6% while NFP decreased 4.9%. Based on historic relationships, NFP should have declined only about 1.7%.

.

Conversely, a 4.9% drop in NFP would be expected to be associated with a 7.5% decline in GDP (almost 5% greater than the reported decline).

.

.

Nonfarm PayrollsAnnual ChangeDecade TotalPercent ChangeDecade total percent changeGDP in billions of current dollarsGDP in billions of chained 2005 dollarsAnnual change chained dollarsGDP chg per addl JobGDP per job chained dollarsGDP Chained dollars Percent ChangeDecade total percent changeDecade percent GDP change per percent NFP changeAnnual percent GDP change per percent NFP change

.

.

.

1960542961960526.42,830.952,138

.

196154105-191-0.35%1961544.82,896.966.0-345,55053,5422.33%-6.6%

.

19625565915542.87%1962585.73,072.4175.5112,93455,2006.06%2.1%

.

19635676411051.99%1963617.83,206.7134.3121,53856,4924.37%2.2%

.

19645839116272.87%1964663.63,392.3185.6114,07558,0965.79%2.0%

.

19656087424834.25%1965719.13,610.1217.887,71659,3046.42%1.5%

.

19666402031465.17%1966787.73,845.3235.274,76260,0646.52%1.3%

.

19676593119112.99%1967832.43,942.597.250,86359,7972.53%0.8%

.

19686802320923.17%1968909.84,133.4190.991,25260,7654.84%1.5%

.

196970512248916,2163.66%26.61%1969984.44,261.8128.451,58760,4413.11%41.96%1.6%0.8%

.

.

1970710064940.70%19701,038.34,269.98.116,39760,1340.19%0.3%

.

1971713353290.46%19711,126.84,413.3143.4435,86661,8673.36%7.2%

.

19727379824633.45%19721,237.94,647.7234.495,16862,9795.31%1.5%

.

19737691231144.22%19731,382.34,917.0269.386,48063,9305.79%1.4%

.

19747838914771.92%19741,499.54,889.9-27.1-18,34862,380-0.55%-0.3%

.

197577069-1320-1.68%19751,637.74,879.5-10.47,87963,313-0.21%0.1%

.

19767950224333.16%19761,824.65,141.3261.8107,60464,6695.37%1.7%

.

19778259330913.89%19772,030.15,377.7236.476,48065,1114.60%1.2%

.

19788682642335.13%19782,293.85,677.6299.970,84865,3915.58%1.1%

.

197989932310618,9263.58%24.82%19792,562.25,855.0177.457,11565,1053.12%32.55%1.3%0.9%

.

.

1980905285960.66%19802,788.15,839.0-16.0-26,84664,499-0.27%-0.4%

.

1981912897610.84%19813,126.85,987.2148.2194,74465,5852.54%3.0%

.

198289677-1612-1.77%19823,253.25,870.9-116.372,14665,467-1.94%1.1%

.

1983902806030.67%19833,534.66,136.2265.3439,96767,9694.52%6.7%

.

19849453042504.71%19843,930.96,577.1440.9103,74169,5777.19%1.5%

.

19859751129813.15%19854,217.56,849.3272.291,31270,2414.14%1.3%

.

19869947419632.01%19864,460.17,086.5237.2120,83571,2403.46%1.7%

.

198710208826142.63%19874,736.47,313.3226.886,76471,6373.20%1.2%

.

198810534532573.19%19885,100.47,613.9300.692,29472,2764.11%1.3%

.

1989108014266917,4862.53%18.64%19895,482.17,885.9272.0101,91173,0083.57%30.51%1.6%1.4%

.

.

199010948714731.36%19905,800.58,033.9148.0100,47573,3781.88%1.4%

.

1991108375-1112-1.02%19915,992.18,015.1-18.816,90673,957-0.23%0.2%

.

19921087263510.32%19926,342.38,287.1272.0774,92976,2203.39%10.5%

.

199311084421181.95%19936,667.48,523.4236.3111,56876,8952.85%1.5%

.

199411429134473.11%19947,085.28,870.7347.3100,75477,6154.07%1.3%

.

199511729830072.63%19957,414.79,093.7223.074,16077,5262.51%1.0%

.

199611970824102.05%19967,838.59,433.9340.2141,16278,8083.74%1.8%

.

199712277630682.56%19978,332.49,854.3420.4137,02780,2624.46%1.7%

.

199812593031542.57%19988,793.510,283.5429.2136,08181,6604.36%1.7%

.

1999128993306319,5062.43%17.98%19999,353.510,779.8496.3162,03183,5694.83%31.86%1.8%2.0%

.

.

200013178527922.16%20009,951.511,226.0446.2159,81485,1844.14%1.9%

.

2001131826410.03%200110,286.211,347.2121.22,956,09886,0771.08%34.7%

.

2002130341-1485-1.13%200210,642.311,553.0205.8-138,58688,6371.81%NM

.

2003129999-342-0.26%200311,142.111,840.7287.7-841,22891,0832.49%NM

.

200413143514361.10%200411,867.812,263.8423.1294,63893,3073.57%3.2%

.

200513370322681.73%200512,638.412,638.4374.6165,16894,5263.05%1.8%

.

200613608623831.78%200613,398.912,976.2337.8141,75495,3532.67%1.5%

.

200713759815121.11%200714,061.813,228.9252.7167,13096,1421.95%1.8%

.

2008136790-808-0.59%200814,369.113,228.8-0.112496,7090.00%NM

.

2009130920-5870-865-4.29%1.65%200914,119.012,880.6-348.259,31998,385-2.63%18.14%11.0%0.6%

.

1.49%

.

sum766240.210050

.

percent141%355%50 year average2.4%

.

50 year median1.5%

.

average per year15643.2%

.

average per month1300.3%

.

.

1960 to 2000

.

average per year1937http://www.bls.gov/opub/mlr/2006/11/art3full.pdf

.

average per month161Pop>16labor forceNFPLabor Part% LF EmployedNFP Incr per monthUnemployed

.

1990189164125840109,48766.5%87.0%16,353

.

119.72000212577142583131,78567.1%92.4%185,81710,798

.

2010237417156511130,92065.9%83.6%-7,20825,591

.

2020257984166,355153,71264.5%92.4%189,93412,64378.7%

.

9,8446%