March employment data has some peculiar details not in the mainstream press

All economic data releases tracked 
at this blog are here:
https://elblog2019.blogspot.com/

My comments on:
March 2019
Household 
Survey:
Friday April 4, 2019
This survey is about 50% more
volatile than the Payroll Survey,
for employment numbers.

It does not move in the 
opposite direction often, 
especially over 
a four month period.


But it just did:


November 2018:
156,803,000  Americans employed


March 2019:
156,748,000  Americans employed,
down 55,000 from November 2018 !

Notes on 
employment surveys:

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.