Establishment vs. Household Survey: How BLS Measures Jobs
Understand how the BLS measures employment, why nonfarm payrolls and the unemployment rate diverge, and how the establishment and household surveys work.
Understand how the BLS measures employment, why nonfarm payrolls and the unemployment rate diverge, and how the establishment and household surveys work.
U.S. employers added 29,000 jobs in September while unemployment rose to 4.2%, cooling Fed rate hike fears and sparking a rally in stock index futures.
A hot May payrolls print pushed Fed rate cuts off the table and triggered a 10.4% single-day SOXX collapse, dragging Nasdaq to its worst week in a year.
March’s stronger-than-expected payrolls kept Treasury yields firm, pushing back rate cut timelines as the Fed navigates oil-driven inflation.
Macroeconomic trends are driving equity and bond markets in unexpected directions. Here’s a clear-eyed analysis of what the data shows for investors thi…