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To: fhayek

Ok, it’s three different sets of data.
UI claims are initial claims for each week. It’s a gross figure and the individuals could have lost their jobs weeks before filing.

New jobs is survey of non-farm establishments that contribute to Unemployment survey. 216,000 is the NET change (Hires - Fires - Quits - retirements - deaths)

The Unemployment rate is a household survey and includes everyone 16 and older not in prison, the military, or mental institute. The rate is Unemployed divided by Unemployed + Employed. Employment from the Household survey went up 291,000 (includes self-employed, family businesses, farms, domestic workers) and Unemployment went down 131,000 (net change as opposed to gross UI numbers).

And the time frame is different too...UI initial claims are every week, non-farm payroll is from the pay period that includes the 12th, and the household survey is from the week that contains the 12th.


73 posted on 04/01/2011 8:21:14 AM PDT by pinqy (()
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To: pinqy

Thank you for your illumination.


84 posted on 04/01/2011 9:26:00 AM PDT by fhayek
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