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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (42152)	12/2/2005 12:22:41 PM
From: rich evans	Respond to of 116555

Trends statistics interestng. Houselhold shows much more employment. Box 3. Recent trends in payroll employment and household survey employment adjusted to an employment concept more similar to that of the payroll survey Numbers in thousands Over-the-month change: October 2005- November 2005 Over-the-year change: November 2004- November 2005 From March 2001 (peak)- November 2005 From November 2001 (trough)- November 2005 Payroll survey: total nonfarm employment, seasonally adjusted¹ 215 1,995 1,778 3,410 Household survey: total employment, smoothed for population control revisions, adjusted to be more like the payroll survey, and seasonally adjusted 19 2,563 5,108 6,370 Difference 196 568 3,330 2,960 ¹ Payroll employment for November 2005 is preliminary and subject to revision. NOTE: The household survey figures in Box 3 are calculated from a variation of household employment used in BLS research (also shown by the red lines in Charts 1 and 2). This version of household employment smoothes out the effects of sizeable population control revisions to the survey in January 2003 and January 2004. In addition, it adjusts household survey employment to make it more similar in concept and definition to payroll employment. This adjustment to household survey employment subtracts from total employment agriculture and related employment, nonagricultural self employed, unpaid family and private household workers, and workers on unpaid leave from their jobs, and then adds nonagricultural wage and salary multiple jobholders.