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2004-07-02 Home Front: Politix

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Posted by mhw 2004-07-02 10:06:30 AM|| || Front Page|| [1 views since 2007-05-07] Top

#1 One might ask, how does payroll employment increase by 112,000 in one month, but the unemployment rate stay the same?

It sounds like people formerly considered "discouraged" (that is, no longer even trying to find work) are looking again, and are therefore getting lumped into the unemployed bucket again.

Pretty good sign that the people see the job market picking up, actually.

Posted by eLarson 2004-07-02 10:41:18 AM|| 2004-07-02 10:41:18 AM|| Front Page Top

#2 And it will be adjusted later anyway... as long as the trend is up and stays that way.

Posted by .com 2004-07-02 10:47:51 AM|| 2004-07-02 10:47:51 AM|| Front Page Top

#3 eLarson

You are correct in that the labor force went up by about 309,000. Of course remember that these are estimates and the labor force estimate comes from the household survey. The economy has become quite complicated with people holding multiple part time jobs, multiple sole proprietor businesses, etc. That's one reason why some people are suggesting that the bls have a 4 month moving average or some such thing.

Posted by mhw 2004-07-02 10:49:18 AM|| 2004-07-02 10:49:18 AM|| Front Page Top

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