Job report numbers since 2010

1. 2010 2011 2012 2013 2014 2015 2016 2017
Annual Deficit 1,294,000,000,000 1,295,000,000,000 1,087,000,000,000 679,000,000,000 485,000,000,000 438,000,000,000 585,000,000,000 559,000,000,000
Actual Amount of Annual New Jobs3 1,061,000 2,091,000 2,142,000 2,302,000 2,998,000 2,713,000 2,240,000 810,000
Actual Annual Tax Revenue Gained From New Jobs 13,262,500,000 26,137,500,000 26,775,000,000 28,775,000,000 37,475,000,000 33,912,500,000 28,000,000,000 10,125,000,000
Amount of New Jobs Needed Annually to Offset Deficit1 51,760,000 51,800,000 43,480,000 27,160,000 19,400,000 17,520,000 23,400,000 22,360,000
Annual Tax Revenue Needed From New Jobs to Offset Deficit2 647,000,000,000 647,500,000,000 543,500,000,000 339,500,000,000 242,500,000,000 219,000,000,000 292,500,000,000 279,500,000,000
Percentage of Needed New Jobs Actually Obtained 2.05% 4.04% 4.93% 8.48% 15.45% 15.49% 9.57% 3.62%
Assumptions
1 Each new job is estimated to make $50,000 while falling under a 25% tax bracket, thus raising the federal government $12,500 in tax dollars
2 Half of the deficit responsibility is assigned to new jobs because approximately half of the federal revenue originates from income taxes
3 Only new jobs created through May were included for 2017

2. 2010
Annual Deficit 1,294,000,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Actual Amount of Monthly New Jobs 23,000 -68,000 164,000 243,000 524,000 -137,000 -68,000 -36,000 -52,000 262,000 119,000 87,000 1,061,000
Actual Monthly Tax Revenue Gained From New Jobs 287,500,000 -850,000,000 2,050,000,000 3,037,500,000 6,550,000,000 -1,712,500,000 -850,000,000 -450,000,000 -650,000,000 3,275,000,000 1,487,500,000 1,087,500,000 13,262,500,000
Amount of New Jobs Needed Per Month to Offset Deficit1 4,313,333
Monthly Tax Revenue Needed from New Jobs to Offset Deficit2 53,916,666,667
Percentage of Needed New Jobs Actually Obtained 2.05%
2011
Annual Deficit 1,295,000,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Actual Amount of Monthly New Jobs 43,000 189,000 225,000 346,000 77,000 225,000 69,000 110,000 248,000 209,000 141,000 209,000 2,091,000
Actual Monthly Tax Revenue Gained From New Jobs 537,500,000 2,362,500,000 2,812,500,000 4,325,000,000 962,500,000 2,812,500,000 862,500,000 1,375,000,000 3,100,000,000 2,612,500,000 1,762,500,000 2,612,500,000 26,137,500,000
Amount of New Jobs Needed Per Month to Offset Deficit1 4,316,667
Monthly Tax Revenue Needed from New Jobs to Offset Deficit2 53,958,333,333
Percentage of Needed New Jobs Actually Obtained 4.04%

3. 2012
Annual Deficit 1,087,000,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Actual Amount of Monthly New Jobs 358,000 237,000 233,000 78,000 115,000 76,000 143,000 177,000 203,000 146,000 132,000 244,000 2,142,000
Actual Monthly Tax Revenue Gained From New Jobs 4,475,000,000 2,962,500,000 2,912,500,000 975,000,000 1,437,500,000 950,000,000 1,787,500,000 2,212,500,000 2,537,500,000 1,825,000,000 1,650,000,000 3,050,000,000 26,775,000,000
Amount of New Jobs Needed Per Month to Offset Deficit1 3,623,333
Monthly Tax Revenue Needed from New Jobs to Offset Deficit2 45,291,666,667
Percentage of Needed New Jobs Actually Obtained 4.93%
2013
Annual Deficit 679,000,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Actual Amount of Monthly New Jobs 211,000 286,000 130,000 197,000 226,000 162,000 122,000 261,000 190,000 212,000 258,000 47,000 2,302,000
Actual Monthly Tax Revenue Gained From New Jobs 2,637,500,000 3,575,000,000 1,625,000,000 2,462,500,000 2,825,000,000 2,025,000,000 1,525,000,000 3,262,500,000 2,375,000,000 2,650,000,000 3,225,000,000 587,500,000 28,775,000,000
Amount of New Jobs Needed Per Month to Offset Deficit1 2,263,333
Monthly Tax Revenue Needed from New Jobs to Offset Deficit2 28,291,666,667
Percentage of Needed New Jobs Actually Obtained 8.48%

4. 2014
Annual Deficit 485,000,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Actual Amount of Monthly New Jobs 190,000 151,000 272,000 329,000 246,000 304,000 202,000 230,000 280,000 227,000 312,000 255,000 2,998,000
Actual Monthly Tax Revenue Gained From New Jobs 2,375,000,000 1,887,500,000 3,400,000,000 4,112,500,000 3,075,000,000 3,800,000,000 2,525,000,000 2,875,000,000 3,500,000,000 2,837,500,000 3,900,000,000 3,187,500,000 37,475,000,000
Amount of New Jobs Needed Per Month to Offset Deficit1 1,616,667
Monthly Tax Revenue Needed from New Jobs to Offset Deficit2 20,208,333,333
Percentage of Needed New Jobs Actually Obtained 15.45%
2015
Annual Deficit 438,000,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Actual Amount of Monthly New Jobs 234,000 238,000 86,000 262,000 344,000 206,000 254,000 157,000 100,000 321,000 272,000 239,000 2,713,000
Actual Monthly Tax Revenue Gained From New Jobs 2,925,000,000 2,975,000,000 1,075,000,000 3,275,000,000 4,300,000,000 2,575,000,000 3,175,000,000 1,962,500,000 1,250,000,000 4,012,500,000 3,400,000,000 2,987,500,000 33,912,500,000
Amount of New Jobs Needed Per Month to Offset Deficit1 1,460,000
Monthly Tax Revenue Needed from New Jobs to Offset Deficit2 18,250,000,000
Percentage of Needed New Jobs Actually Obtained 15.49%

5. 2016
Annual Deficit 585,000,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Actual Amount of Monthly New Jobs 126,000 237,000 225,000 153,000 43,000 297,000 291,000 176,000 249,000 124,000 164,000 155,000 2,240,000
Actual Monthly Tax Revenue Gained From New Jobs 1,575,000,000 2,962,500,000 2,812,500,000 1,912,500,000 537,500,000 3,712,500,000 3,637,500,000 2,200,000,000 3,112,500,000 1,550,000,000 2,050,000,000 1,937,500,000 28,000,000,000
Amount of New Jobs Needed Per Month to Offset Deficit1 1,950,000
Monthly Tax Revenue Needed from New Jobs to Offset Deficit2 24,375,000,000
Percentage of Needed New Jobs Actually Obtained 9.57%
2017
Annual Deficit 559,000,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Actual Amount of Monthly New Jobs3 216,000 232,000 50,000 174,000 138,000 810,000
Actual Monthly Tax Revenue Gained From New Jobs 2,700,000,000 2,900,000,000 625,000,000 2,175,000,000 1,725,000,000 10,125,000,000
Amount of New Jobs Needed Per Month to Offset Deficit1 1,863,333
Monthly Tax Revenue Needed from New Jobs to Offset Deficit2 23,291,666,667
Percentage of Needed New Jobs Actually Obtained 3.62%