Tomorrow Morning's Wonderful Employment Report.

Discussion in 'Economy' started by Neubarth, Feb 4, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    The employment report is actually two separate reports which are the results of two separate surveys. The household survey is a survey of roughly 60,000 households. This survey produces the unemployment rate. The establishment survey is a survey of 375,000 businesses. This survey produces the nonfarm payrolls, average workweek, and average hourly earnings figures, to name a few. Both surveys cover the payroll period which includes the 12th of each month.

    The reports both measure employment levels, just from different angles. Due to the vastly different size of the survey samples (the establishment survey not only surveys more businesses, but each business employs many individuals), the measures of employment may differ markedly from month to month. The household survey is used only for the unemployment measure - the market focusses primarily on the more comprehensive establishment survey. Together, these two surveys make up the employment report, the most timely and broad indicator of economic activity released each month.

    Total payrolls are broken down into sectors such as manufacturing, mining, construction, services, and government. The markets follows these components closely as indicators of the trends in sectors of the economy; the manufacturing sector is watched the most closely as it often leads the business cycle. The data also include breakdowns of hours worked, overtime, and average hourly earnings.

    The average workweek (also known as hours worked) is important for two reasons. First, it is a critical determinant of such monthly indicators as industrial production and personal income. Second, it is considered a useful indicator of labor market conditions: a rising workweek early in the business cycle may be the first indication that employers are preparing to boost their payrolls, while late in the cycle a rising workweek may indicate that employers are having difficulty finding qualified applicants for open positions. Average earnings are closely followed as an indicator of potential inflation. Like the price of any good or service, the price of labor reacts to an overly accommodative monetary policy. If the price of labor is rising sharply, it may be an indication that too much money is chasing too few goods, or in this case employees.
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    We should see wonderful news on the Non Farm employment numbers. Essentially we will see that the recession is over. Of course we already knew that because of the wonderfully strong Gross Domestic Product numbers. Everything is coming up roses for me and for you.
     
  3. slackjawed
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    slackjawed Self deported

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    :clap2::clap2::clap2::clap2::clap2:
    wait.....there really was no info there....well
    I don't want to go againstthe flow.......
    :clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2:
     
  4. slackjawed
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    slackjawed Self deported

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    I've decided maybe I should try this becoming a liberal too, I guess I have been liberal-curious for awhile but was ashamed to admit it openly.
    You have set a great example Neubarth, I am writing a letter to oslo to nominate you for the peace prize for setting the example of liberal-curious openness.
    Anyway, kudos to you.
    I think tomorrows unemployment report might be bad, but that's really good! See, now all those poor people that were working just to get health insurance for their crippled kids can sit home and watch opra, while they collect unemployment. Unemployment is a right provided free to all our citizens, it's going to be great when everyone is collecting unemployment. Just think of the picnics and concerts we can have. While those poor people are collecting unemployment, they can get government healthcare-the absolute best in the world, for themselves and all the crippled children they can carry to the clinic. Oh is it going to be great! Free unemployment, free healthcare, maybe even free food. If those people are in california and have their medical card, medicare will pay for their pot too! Free! It's going to be so great, imagine the really cool parties we will have with the food stamps supplying the barbeque and medicare supplying the pot.
    Yes, I am looking forward to tomorrows employment reports.....




    (did I do ok? anyone believe it?)
     
    • Thank You! Thank You! x 1
  5. SFC Ollie
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    SFC Ollie Still Marching

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    I don't expect to hear anything all that positive, unless it is more numbers pulled out of some Democrats ass. And not the one they ride.




    "White House advisers appearing on the Sunday talk shows gave three different estimates of how many jobs could be credited to President Obama’s Recovery Act.

    Read more: White House brass split on stimulus stats - Politico Staff - POLITICO.com
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    SLAC, Damn, man, you got your act together. I am proud of you man. You, too, understand the importance of a sense of humor. Amen, brother!
     
  7. Neubarth
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    Neubarth At the Ballpark July 30th

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    AT last, I think we have a board that is fit for human entertainment.
     
  8. Neubarth
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    Neubarth At the Ballpark July 30th

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    And now the question before the body thus assembled. Should I go back to being a Conservative Democrat tonight or should I wait until tomorrow?


    I think the powers that be want me to linger on the Liberalism for a little bit more.

    With that in mind, Spend, Obama Spend. Remember the money is free and we never have to pay it back to the FED. Free money is a gift from God.
     
  9. slackjawed
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    slackjawed Self deported

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    sorry i took so long to answer, i was practicing being a slacker.
    You mean, you thought i was joking?
    damn, I just do not make a believeable liberal.
    Where did I go wrong? was it the free pot?
     

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