– by New Deal democrat AB: New Deal democrat reviews the Establishment Survey and again it differs from the Household Survey in a positive way. On Monday I wrote that the Household survey portion of the jobs report was recessionary for the second time in three months. But I pointed out that there was a very large divergence in jobs growth in the past 24 months, amounting to 1.7% of the prime age workforce, between that survey and the...
Read More »Report revisions changes the picture in the January Establishment Survey
Scenes from the January jobs report: revisions changed the picture in the Establishment Survey – by New Deal democrat Last Friday’s jobs report contained a number of annual revisions which change what the trend line for the last year looks like. Particularly the extent to which there has been continued deceleration, or even a downturn, in a number of significant statistics in the Establishment Survey. In the below graphs, the original...
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