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<My basic problem with all the employment numbers (as I alluded to on another thread recently), is that it ignores those who aren't on payroll but are working>

The BLS ( runs TWO employment surveys.

The one you refer to is the "Establishment survey," which includes 1/3 of employers. This is adjusted by the "Birth-Death" model as well as seasonality.

The other is the "Household Survey," which phones 60,000 households. This captures self-employed people, as well as correcting for people who have more than one job.

Please read my post on the latest employment numbers for more info and links.
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