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<< Why I Like Daschle | Main | Retail Sales Disappoint >> December 05, 200357,000 Lousy New JobsThe BLS numbers-- although the alternative "Household Survey" continues to give a completely different message of high job growth. Part of the explanation is that the Household Survey is catching the rise of more self-employment and independent contractors, folks not listed in the payroll survey. Of course, when I refer to my eight months last year of unemployment, I sometimes say I was a "consultant" because I did a few weeks on a contract. So who knows what people surveyed mean when they say they are employed in the alternative survey-- which is why most people will believe there's a recovery only when it shows up in actual payroll hiring. Posted by Nathan at December 5, 2003 09:13 AM Related posts:
Trackback PingsTrackBack URL for this entry: CommentsThe UPI reporter wrote: "There is no explanation that completely accounts for the difference in the two numbers, both of which are significant but in different ways. Some analysts suggest that increases in the number of people who say they are self-employed, which show up in the household survey but not in the payroll survey, account for some of the difference, "but the bulk of the disparity remains as yet unexplained," the JEC said." That last sentence is unmitigated BS, the F#CKING people are unemployed! I am sick of the conservative media covering for unelected moron. Let's see, 286,000 jobs in 3 months, less than 100,000/mnth, this is some recovery. How many "reporters" in the media are going to remind people that the admin made claims of 330,000/mnth job growth if their last round of tax cuts were passed? Posted by: Steve at December 5, 2003 09:45 AM let's see. There are three measures of employment I can find. The household survey, and the seasonally adjusted and the unadjusted payrolls survey. Two out of three say jobs have gone up since Bush came to power - but the only one I'm supposed to believe is the one that says they haven't. Hmm. Being a Brit I have no political axe to grind on this but it does smack of non objectivity to me. And whatever the case in the US the democrat story dominates the international perception. Ah I've read a bit more and you're not trying to be objective. Sorry. Posted by: Mark T at December 11, 2003 05:00 PM Post a comment
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