That's essentially a poll, it's hard to tell what to make of it, it will likely be revised over the next several months.
This number is a hard count rather than an estimate from a survey, and it shows solid gains.
Of course it's a poll. And so is the Establishment Survey. How do you think they figure out the numbers - a Ouija board? Yes, they could be revised downwards/upwards - and so could the Establishment Data.
Obviously the total number of employees will rise...the population is rising every day...obviously the number of employed (outside of a jobs recession) will rise almost every day. That means nothing. You will not find a respected investor - IMO - on Wall Street that gives a **** about the number of people employed.
What matter FAR more is the Employment to Population Ratio.
Notice: Data not available: U.S. Bureau of Labor Statistics
That has been flat for months (basically) and is still WAY lower then it was before the GR.
But the fact remains that over the last two months, the very survey that determines the official unemployment rate, says that there are 304,000 LESS people employed in America?
Employment Situation Summary Table A. Household data, seasonally adjusted
Now is this good news?
Yes or no, please?