Just finished watching the segment on FOX News Sunday with Michigan’s Gov. Jennifer Granholm and she made an interesting statement. Chris Wallace said that Michigan had been impacted by nearly a quarter of a million jobs lost since Bush took office, then asked her a question. Her reply was that Michigan had actually lost 300,000 jobs since Bush was elected.
I wonder, does she mean jobs lost since November of 2000 rather than January of 2001? It just seems odd that Chris Wallace would get a figure like that wrong.
I’m trying to find the answer but nothing has come out of it yet.
Update: I think I’ve found where the 300 thousand jobs come from and it does indeed stem from using November of 2000 rather than January of 2001.
Go to the Office of Labor Market Information then click the “Current Industry Employment Statistics (CES)” link which will open a new window. From there choose Michigan as the MSA and 2000 as the year. If you look at the column for November you’ll see the total number of nonfarm jobs is 4725.0. I assume this data is in thousands because the data on the BLS website is also in thousands. Now go back and change the year to 2003 and look at the data for December, the total number of non-farm jobs is 4419.9. A difference of 305.1 thousand jobs since November 2000.
According to the same data there were 4502.0 thousand non-farm jobs in January 2001, giving us a difference of 82.1 thousand non-farm jobs. Using February 2001 has 4525.1 thousand non-farm jobs for a difference of 105.2 thousand non-farm jobs.