July 2022 versus June 2022
Payroll survey +528,000 new jobs
Household survey +179,000 new jobs
Payroll raw data (- 385,000 fewer jobs)
(Payroll raw data in July 2021 = (-41.000 fewer jobs)
Net birth of new businesses adjustment in July 2022
+309,000 imagined jobs
Net birth of new businesses adjustment in July 2022
+264,000 imagined jobs
Raw data July 2022 versus July 2021
-385,000 fewer jobs versus -41,000 fewer jobs,
or 344,000 fewer jobs in July 2022
Net birth adjustment July 2022 versus July 2021
+309,000 imagined jobs versus +264,000 imagined jobs,
or 45.000 more imagined jobs in July 2022
Net adjustments to raw Payroll Survey data created almost +400.000 more jobs in July 2022 than in July 2021.
Color me suspicious.
Details:
Household Survey
(includes self-employed)
January 2022: 157,174,000 employed
June 2022: 158,111,000
July 2022: 158,290,000
July versus June 2022: +179,000
July versus January 2022: +1,116,000
SOURCE:
Bureau of Labor Statistics Data (bls.gov)
Establishment (payroll) Survey
(excludes self-employed)
(excludes self-employed)
January 2022: 149,744,000 employed
June 2022: 152,008,000
July 2022: 152,536,000
July versus June 2022: +528,000
July versus January 2022: +2,792,000
Establishment Survey Raw Data
(no seasonal adjustments)
(no seasonal adjustments)
July 2022 versus June 2022 = (-385,000) fewer jobs
In July 2021, the non-seasonally adjusted number was a loss of -41,000 jobs
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.