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Author: WendyBG Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 455896  
Subject: Re: The Payroll-to-Population Percent Date: 10/8/2012 12:35 PM
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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 (www.bls.gov) 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.
Wendy
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