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| Home Front: Economy |
| Payroll Jobs UP; Household Jobs DOWN |
| 2005-03-04 |
| This is the reverse of what happened a number of times in 2004. The payroll survey showed an increase of 262k in employment. The household survey showed a decrease of 97k in employment. Industry Payroll Employment (Establishment Survey Data) Total nonfarm payroll employment increased by 262,000 in February to 132.8 million, seasonally adjusted, following smaller gains in the prior 3 months. Construction, manufacturing, and several service-providing industries added jobs. Unemployment (Household Survey Data) In February, both the number of unemployed persons, 8.0 million, and the unemployment rate, 5.4 percent, returned to their December levels after dipping in January. |
| Posted by:mhw |
| #4 Here's one for all you Krugmaniacs. |
| Posted by: Matt 2005-03-04 6:12:34 PM |
| #3 I'm sure Paul Krugman will mention this in his next |
| Posted by: Raj 2005-03-04 12:53:38 PM |
| #2 This is exactly what happens in an economic boom. The household survey leads the payroll survey. |
| Posted by: Chuck Simmins 2005-03-04 11:39:32 AM |
| #1 And the MSM instantly switches from listing the payroll number to the unemployment rate. |
| Posted by: jackal 2005-03-04 11:16:52 AM |