Saturday, 10 April 2004

Some light on the contradictions on US jobs data

There have been some debate over which provides the more accurate and reliable measure of job creation in the US: the payroll survey or the household survey?

It's an important question because the household survey has been showing better job creation than the payroll survey.

Well, this post by Barry L. Ritholtz hopefully sheds some light on the subject. Using information provided by the Bureau of Labor Statistics, it suggests that the payroll survey is more accurate.

Which means that job creation has been weak after all, until the blowout March figure, that is. US sees surge in jobs, finally

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