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In reply to the discussion: Nonfarm payroll employment rises by 4.8 million in June; unemployment rate falls to 11.1% [View all]progree
(13,081 posts)18. The survey periods
This from the Covid-19 section of the OP
In the establishment survey (which produces the nonfarm payroll jobs numbers -Progree), workers who are paid by their employer for all or any part of the pay period including the 12th of the month are counted as employed, even if they were not actually at their jobs. Workers who are temporarily or permanently absent from their jobs and are not being paid are not counted as employed, even if they are continuing to receive benefits.
(Most are paid either twice a month or every 2 weeks, some are paid weekly, a few are paid monthly, so the establishment survey numbers pretty much reflect conditions in the first half of June. I saw the percentages somewhere on how many people are paid each way, probably could find it if I looked hard, but don't have it handy -Progree)
In the household survey (which produces the unemployment rate -Progree), individuals are classified as employed, unemployed, or not in the labor force based on their answers to a series of questions about their activities during the survey reference week (June 7th through June 13th). Workers who indicate they were not working during the entire survey reference week and expect to be recalled to their jobs should be classified as unemployed on temporary layoff. In June, a large number of persons were classified as unemployed on temporary layoff.
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Nonfarm payroll employment rises by 4.8 million in June; unemployment rate falls to 11.1% [View all]
mahatmakanejeeves
Jul 2020
OP
Good morning. I didn't know if you would be around for a Thursday release.
mahatmakanejeeves
Jul 2020
#4
"Last month, it said the unemployment rate was 13.3 percent, but a major misclassification" ...
progree
Jul 2020
#20
Seasonally adjusted initial claims were 1,427,000, a decrease of 55,000 from the previous week
mahatmakanejeeves
Jul 2020
#10
PERSONS CLAIMING UI BENEFITS IN ALL PROGRAMS, W.E. June 13 (UNADJUSTED): 31,491,627
progree
Jul 2020
#16
This will give Yertle all he needs to justify not extending the Fed unemployment
stopbush
Jul 2020
#13
the real unemployment rate is closer to 20%, but the new math used these days leaves out a lot
yaesu
Jul 2020
#15
The unemployment numbers will shockingly start hitting 15%-18% a month after Biden is in office
Bengus81
Jul 2020
#23
The official unemployment rate is U-3. I've never seen anything else given in the media
progree
Jul 2020
#32
Per progree, "that was September 2019 released in early October 2019."
mahatmakanejeeves
Jul 2020
#35