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Solid Jobs Report but Divergence Between Jobs and Employment is Still Strong
mishtalk.com / Mike “Mish” Shedlock / March 10, 2017
Initial Reaction
Today’s employment report shows a robust increase of 235,000 jobs. And for the first time in many months, the rest of the report was good as well.
Revisions
The change in total nonfarm payroll employment for December was revised down from +157,000 to +155,000, and the change for January was revised up from +227,000 to +238,000. With these revisions, employment gains in December and January combined were 9,000 more than previously reported. Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of seasonal factors. Over the past 3 months, job gains have averaged 209,000 per month.
Let’s dive into the details in the BLS Employment Situation Summary, unofficially called the Jobs Report.
BLS Jobs Statistics at a Glance
- Nonfarm Payroll: +235,000 – Establishment Survey
- Employment: +447,000 – Household Survey
- Unemployment: -107,000 – Household Survey
- Involuntary Part-Time Work: +242,000 – Household Survey
- Voluntary Part-Time Work: +286,000 – Household Survey
- Baseline Unemployment Rate: -0.1 to 4.7% – Household Survey
The post Solid Jobs Report but Divergence Between Jobs and Employment is Still Strong appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/10/solid-jobs-report-but-divergence-between-jobs-and-employment-is-still-strong/
