December 2018 Household Survey Employment Data

     1/4/19

Household  

Employment  
Survey

    Note: 

50% more volatile, 

from month to month,

than the headline

Payroll Survey 

-- so I recommend 

averaging three months

of data: 

       Employment 

- Employment up      +142,000 in December 2018 (63.1%)
                                                                    ( 63.1% is the labor force participation rate )
- Employment up      +233,000 in November 2018 (62.9%)
- Employment up     + 600,000 in October 2018 (62.9%)

- Employment up      +420,000 in September 2018 (62.7%)

- Employment down  -423,000 in August 2018 (62.7%)

- Employment up      +389,000 in July 2018 (62.9%) 

- Employment up      +102,000 in June 2018 (62.9%) 

- Employment up      +293,000 in May 2018 (62.7%)

- Employment up only  +3,000 in April 2018 (62.8%)

- Employment down    -37,000 in March 2018 (62.9%)

- Employment up      +785,000 in February 2018 (63.0%

- Employment up      +409,000 in January 2018 (62.7%) 

       Unemployment

- Unemployment     up +276,000 in December 2018 
- Unemployment  down -94,000 in November 2018
- Unemployment       up +81,000 in October 2018

- Unemployment down -270,000 in September 2018

- Unemployment down   -46,000 in August 2018

- Unemployment down -284,000 in July 2018

- Unemployment up     +499,000 in June 2018

- Unemployment down -281,000 in May 2018

- Unemployment down -239,000 in April 2018

- Unemployment down -121,000 in March 2018

- Unemployment up       +22,000 in February 2018

- Unemployment up     +108,000 in January 2018

Notes:

The Household Survey 

includes self employed 

(The Payroll Survey does not), 
and

The Household Survey 

does not double-count jobs

when a person has 

two or three part-time jobs.

(The Payroll Survey does).

The Household Survey 

is more accurate

in the months just before 

a recession begins,

but all employment surveys 

are LAGGING indicators.

The Payroll Survey 

tends to need 

huge negative revisions

in the months just before, 

and just after, 

a recession begins.


All economic data releases here:
https://elblog2019.blogspot.com/