Our president just fired the Labor Secretary because the most recent jobs numbers didn't match his feelings about how good the economy is.
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@BagOfNails @Kathmandu @futurebird The jobs reports come from data collected in surveys sent to employers all over the country. One of the reasons revisions are regularly needed is that many companies return the surveys late, so as more data comes in for prior months they make updates. Some info on the methods they use is here:
@btrinen @BagOfNails @Kathmandu
"job openings" seems like one of the softer parts of this data.
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@BagOfNails @Kathmandu @futurebird The jobs reports come from data collected in surveys sent to employers all over the country. One of the reasons revisions are regularly needed is that many companies return the surveys late, so as more data comes in for prior months they make updates. Some info on the methods they use is here:
@btrinen @BagOfNails @Kathmandu @futurebird There are two surveys, known as the "household survey" and the "establishment survey". The household survey asks people if they have a job (and if so, how many hours they are working, or if not whether they are looking for one); the establishment survey asks employers how many employees they have. These methods often disagree — and also disagree with official state-based unemployment figures.
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@btrinen @BagOfNails @Kathmandu @futurebird There are two surveys, known as the "household survey" and the "establishment survey". The household survey asks people if they have a job (and if so, how many hours they are working, or if not whether they are looking for one); the establishment survey asks employers how many employees they have. These methods often disagree — and also disagree with official state-based unemployment figures.
@btrinen @BagOfNails @Kathmandu @futurebird Oh, and they're always limited to "non-farm payrolls" because it's really hard to get reliable data from farms.
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@btrinen @BagOfNails @Kathmandu @futurebird Oh, and they're always limited to "non-farm payrolls" because it's really hard to get reliable data from farms.
@wollman @btrinen @BagOfNails @Kathmandu
That's really too bad as I imagine that things may be unstable in that sector because of ICE. How many people have just left rather that wait to be chased out?
