Posts Categorized: Household Survey

The BLS U3 unemployment rate edged up in July (as reported today) from a rounded 6.1% to 6.2%. The good news is that this is due to an increase in the Labor Force Participation Rate. Read More

The Unemployment rate was unchanged in May (to one decimal place). The slightly good news is that this was because both the employment ratio and the labor force participation rate both improved (very slightly) in May. Read More

Unemployment rate tumbles from 7.0% to 6.7% despite the proportion of people with a job having remained the same. Read More

Shutdown blip over but the trend continues to be dominated by a drop in those counted as looking for work. Both the Labor Force Participation rate and the Employment/Population rate are worse than in September. Read More

Headline U.3 rose from 7.2% to 7.3%. However, more precise, two-decimal rate shows modest 0.04% rise. Furloughed government workers contribution not known, but half of what it should have been due to reporting confusion. Read More

Headline number, to one decimal place fell from 7.2% to 7.1%, change of -0.1%. The actual change of -0.04% was attributable mostly to a net outflow from the labor force. Read More

However, the rate would have risen by 15 basis points but for people leaving the labor force. Overall employment (seasonally adjusted) actually dropped by 115,000 according to the BLS’ Household Survey. (c.f. 169,000 increase in Non-Farm jobs produced by the BLS’ Payroll Survey) Read More