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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (61428)1/5/2007 11:01:23 AM
From: rich evans  Read Replies (1) of 116555
 
Household survey shows double the employment gains of payroll survey.

Box 2. Recent trends in payroll and household survey employment
Numbers in thousands
Over-the-month
change:
November 2006-
December 2006
Over-the-year
change:
December 2005-
December 2006
From
March 2001
(peak)-
December 2006
From
November 2001
(trough)-
December 2006
Payroll survey:
total nonfarm
employment,
seasonally adjusted¹
167
1,838
3,710
5,331
Household survey:
total employment,
smoothed for
population control
revisions and
seasonally adjusted
303
3,267
8,065
9,570
Difference
136
1,429
4,355
4,239
¹ Payroll employment for December 2006 is preliminary and subject to revision.
NOTE: The household survey figures in Box 2 are calculated from a variation of household survey
employment used in BLS research (also shown by the green lines in Charts 1 and 2). This version of
household survey employment smoothes out the effects of population control revisions to the survey in
January of 2003-06.
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