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.
US employers added 162,000 jobs in August, more than double consensus. Treasury yields ripped and September rate-cut bets flipped to potential hikes.
Fed dot plot lands Sept 15-16 with three July dissenters wanting hikes and the 30-year at 5.27%. Friday’s jobs report is the last read before the vote.
US payrolls unexpectedly contracted by 23,000 in July vs consensus of +85,000. Unemployment eased to 4.1% as bonds rallied and September rate-cut odds jumped.