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BumRushDaShow

(169,277 posts)
19. Buried in the BLS report linked upthread
Fri Sep 4, 2020, 10:04 AM
Sep 2020

here - https://www.democraticunderground.com/10142575568#post1

the previous months' revisions are included in the full report -

The change in total nonfarm payroll employment for June was revised down by 10,000, from
+4,791,000 to +4,781,000, and the change for July was revised down by 29,000, from +1,763,000
to +1,734,000. With these revisions, employment in June and July combined was 39,000 less than
previously reported.
(Monthly revisions result from additional reports received from businesses
and government agencies since the last published estimates and from the recalculation of
seasonal factors.)

https://www.bls.gov/news.release/empsit.nr0.htm


Of course the "X Factor" includes this -

Since March, household survey interviewers have been instructed to classify employed persons
absent from work due to temporary, coronavirus-related business closures or cutbacks as
unemployed on temporary layoff.
BLS and Census Bureau analyses of the underlying data suggest
there still may be some workers affected by the pandemic who should have been classified as
unemployed on temporary layoff. However, the share of responses that may have been
misclassified was much smaller in July and August than in prior months.

For March through July, BLS published an estimate of what the unemployment rate would have
been had misclassified workers been included. Repeating this same approach, the overall
August unemployment rate would have been 0.7 percentage point higher than reported. However,
this represents the upper bound of our estimate of misclassification and probably overstates
the size of the misclassification error.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Good morning. From the source: mahatmakanejeeves Sep 2020 #1
Good morning and thank you! BumRushDaShow Sep 2020 #6
[Refresh] [Refresh] [Refresh] [Refresh] [Refresh] Whew. There it is. NT mahatmakanejeeves Sep 2020 #10
Somes you have to do a [SHIFT]-[REFRESH] BumRushDaShow Sep 2020 #15
A lot of that was government jobs, especially census workers. Also, the jobs added still_one Sep 2020 #2
So, we "added" 1.4 million jobs in August but there were 800,000 new unemployment claims.... George II Sep 2020 #12
Yes. It is extremely unreliable because of the uncertainty with the pandemic and chaos going on still_one Sep 2020 #17
Not how it works FBaggins Sep 2020 #20
Illustrating your point with a data series - total count of nonfarm payroll jobs progree Sep 2020 #22
Yup, government jobs: +344,000 in August (238,000 of which were Census workers) progree Sep 2020 #27
Not your headline, but I think it's misleading - "adds 1.4 million jobs" probably means.... George II Sep 2020 #3
They have an added "X Factor" in there BumRushDaShow Sep 2020 #4
yea i'm skeptical how it went from 13% to 8.5% so quickly...hmmm seems there's fudging going on onetexan Sep 2020 #9
Large states "opening back up" BumRushDaShow Sep 2020 #14
Of course this doesn't factor in the almost 4 million new unemployment claims in August! George II Sep 2020 #13
That's Rebl2 Sep 2020 #11
Buried in the BLS report linked upthread BumRushDaShow Sep 2020 #19
A Question For People Smarter Than Me. jayfish Sep 2020 #5
Last month's report had unemployment at 10.2% NT mahatmakanejeeves Sep 2020 #8
The payroll jobs and the unemployment rate come from two different surveys progree Sep 2020 #29
Links to earlier reports: mahatmakanejeeves Sep 2020 #7
Gotta cook those books! durablend Sep 2020 #16
I agree duforsure Sep 2020 #18
DOL stated last week Cryptoad Sep 2020 #23
i don't believe any good news numbers coming out of the trump regime samsingh Sep 2020 #21
LINKS TO SOME BLS DATA SERIES NUMBERS AND GRAPHS progree Sep 2020 #24
Good morning and thank you! BumRushDaShow Sep 2020 #25
more voodoo economics, will put in in the vaccine by October file. nt yaesu Sep 2020 #26
Bullshit. eom GeorgeGist Sep 2020 #28
"Bullshit. eom" LenaBaby61 Sep 2020 #33
UE6 Is 16.8 ProfessorGAC Sep 2020 #30
14.2 in August, according to the BLS 😂 progree Sep 2020 #31
Weird ProfessorGAC Sep 2020 #32
The big discrepancy between jobs report 13.6 M unemployed, and 29.2 M collecting benefits progree Sep 2020 #34
The gap grows to 29.6 million collecting benefits progree Sep 2020 #38
From the White House, on Monday night. mahatmakanejeeves Sep 2020 #35
... BumRushDaShow Sep 2020 #36
The likes of which I've never seen! NT mahatmakanejeeves Sep 2020 #37
Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse progree Sep 2020 #39
Latest Discussions»Latest Breaking News»Economy adds 1.4 million ...»Reply #19