April Household Employment Jumps by +120,000
Submitted by CARPE DIEM
It won’t receive as much attention as the nonfarm payroll employment data (-563,000 jobs), but the more comprehensive measure of employment (household data) showed an increase of 120,000 jobs in April (see Tables A and A-1 in today’s report) to 141,007,000. As the chart above shows, April marked the first monthly job gain in a year, and follows 11 consecutive months of job losses.
Update on the difference between payroll and household employment: “Both the payroll and household surveys are needed for a complete picture of the labor market. The payroll survey provides a highly reliable gauge of monthly change in nonfarm payroll employment. The household survey provides a broader picture of employment including agriculture and the self employed.” Read more here from the BLS.
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September 17th, 2009 at 2:51 pm
[...] data, notice the huge jump in the number of people who are part time for economic reasons. From Economists Blog we see that household employment increased last month for the first time in 11 [...]