Understanding NON FARM JOBS and UE RATE ? i dont get it

Discussion in 'Economics' started by Froglet, May 11, 2012.

  1. Froglet


    how can our UE rate drop when job growth is still growing somewhat?

    i guess my question is, where is the data for me to see ?

    is it payroll, labor force, ?

    i've checked BLS but im still confused as to how they derive the numbers. how is positive job growth considered weak?
  2. S2007S


    No one can figure out the true unemployment rate, I wouldnt be taking those monthly figures as real.
  3. Froglet


    But what is it really based off of? I guess I want to know the ACTUAL PAYROLL, not the month to month change. i can't seem to find it.
  4. Froglet


    Anybody know what the actual PAYROLL figure to be? Not the Month to Month change?

    It's not the employment right?

    Payroll can increase month to month, but does it mean the same thing as employment? Or just job creation that may or may not have been filled?

  5. This is as close to what you want as you can get: Non farm payrolls not seasonally adjusted

    You can think of this series as the "pool of work to be done" that private employers are willing to pay for, and is therefore the prime mover of the payroll series.