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.
unemployment rate
Payrolls Shrink in July: -23,000 Jobs, Rate-Cut Bets Surge
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.