General Discussion
In reply to the discussion: U.S. job growth improves, exceeds expectations [View all]JayhawkSD
(3,163 posts)The number of employed people rose by 160,000, while the number of "part time due to slack work conditions" rose by 352,000. That means that 192,000 full time jobs were lost. Time to turn handsprings.
The Establishment Survey is not used for the official unemployment number, because establishment reporting is less reliable than household survey. Establishments do not always report, in which case it is assumed that their numbers are unchanged, even if it later turns out that they did not report because they were no longer in business. They also do not report on nature of jobs, so of the 195,000 jobs they are reporting, which is probably only 160,000 in actuality, it is unknown how many were part time.
Interestingly, the government has a very easy way to provide employment numbers without any need for all of the estimating and seasonal adjusting that is used for both of these reports, and the conflict that always results from them. They could use the data from tax reporting which is done every payday by employers. They refuse to do so based on "privacy issues," but such reporting would not require private information, merely the actual number of employees for whom wages were being reported.