Interpreting the weird December jobs report


Economists were scratching their heads as the government reported the December jobs numbers. As a reminder, the report is a compilation of two surveys: The “establishment” or payroll survey asks employers how many jobs were filled during the month, how much these firms had to pay

Jill Schlesinger 

workers and how many hours were worked. The “household survey” asks respondents whether they were working or actively seeking employment and gathers demographic data about the household.

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