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progree

(13,010 posts)
8. The survey week for both surveys is usually the week containing the 12th. So this report's survey was done Feb 10-14
Fri Mar 7, 2025, 03:34 PM
Mar 2025

if the usual applies. So that was 3 to 3 1/2 weeks after Krasnov took office. I don't know how many federal workers had been fired by then.

The two surveys that go into these (usually) first Friday jobs reports are:

      # The Establishment Survey which produces the headline payroll jobs numbers (151,000 increase in this report)

      # The Household Survey which produces the headline unemployment rate (4.1% in this report), and several others such as labor force participation rate. The Household Survey is a monthly survey of 60,000 households. Note that this does NOT come from state unemployment insurance claims filings.

As for "unexpected" increase in unemployment rate (expected: 4.0%, same as in the prior month's report) - the article cited in the Featured Stories posting ( https://archive.is/PdAW7 ) doesn't say anything or any hint about it or what group of economists produced the forecast. But the MarketWatch Calendar's ( https://www.marketwatch.com/economy-politics/calendar ) economists also forecast a 4.0% rate (and as just reported, it came out to be 4.1%)

"The median forecasts in this calendar come from surveys of economists conducted by Dow Jones Newswires and The Wall Street Journal."


Just a couple bits of info.

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