pinqy
Gold Member
Let's look at the numbers, shall we? and let's look at the margins of error for the suveys.
Non-Farm Payroll Employment, from the Current Employment Survey (companies that contribute to Unemployment Insurance)...-20,000. Margin of error at 90% confidence is +-99,453 so in reality Employment for went down as much as 119,434 or up as much as 79,435 Statistically indistinguishable from zero.
Current Population Survey..Employed (all employed including the self employed) up 541,000 Margin of error at 90% confidence is +- 437,553 so the actual change was definitely upwards.
Unemployment down 430,000 Margin of error at 90% confidence is +- 378,102 so the actual change was definitely downward. Overall the Labor Force changed somewhere between -266,221 and +488,221, withe the official estimate being up 111,000
Overall, yes this is better news than the last few months.
Non-Farm Payroll Employment, from the Current Employment Survey (companies that contribute to Unemployment Insurance)...-20,000. Margin of error at 90% confidence is +-99,453 so in reality Employment for went down as much as 119,434 or up as much as 79,435 Statistically indistinguishable from zero.
Current Population Survey..Employed (all employed including the self employed) up 541,000 Margin of error at 90% confidence is +- 437,553 so the actual change was definitely upwards.
Unemployment down 430,000 Margin of error at 90% confidence is +- 378,102 so the actual change was definitely downward. Overall the Labor Force changed somewhere between -266,221 and +488,221, withe the official estimate being up 111,000
Overall, yes this is better news than the last few months.