Friday, August 5, 2005

Jobs Disconnect Continues

The increase in non-farm payroll jobs this last month was impressive, at 207,000 new jobs
since the June establishment survey. But the household survey was even more impressive. (The
household survey is the one used to come up with the unemployment rate.)
It showed an increase of 438,000 jobs.

Why is there such a huge difference between the establishment survey and
the household survey? Great minds wonder too. But here are the numbers in the
government’s Employment Situation Summary.

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