To: algernonpj
From the same link: (table A-9)
http://www.bls.gov/news.release/empsit.t09.htm
From April 2011 - to - May 2011
Full time jobs - down -142,000
Part time jobs - up +330,000
I’d like to know how they figured it to be +54,000 in May.
With +330,000 part time job additions and -142,000 full time jobs, those part time jobs must be very part time to get to a 54K figure.
Part time jobs do not a recovery make
And - multiple part time workers (which make up 5% of total employment) dropped -164,000 people....according to the numbers they aren’t being picked up as full time people - so, what’s happening here?
131 posted on
06/03/2011 2:30:15 PM PDT by
libertarian27
(Ingsoc: Department of Life, Department of Liberty, Department of Happiness)
To: libertarian27
Oops (got numbers mixed up)
And - multiple part time workers (which make up 5% of total employment) added +164,000 people.
Self employed is dropping. Down- May '11 -273,000 from May 2010 figures.
132 posted on
06/03/2011 2:37:34 PM PDT by
libertarian27
(Ingsoc: Department of Life, Department of Liberty, Department of Happiness)
To: libertarian27
... Id like to know how they figured it to be +54,000 in May. ...
Here's what happening.
The BLS collects two types of data:
* Household data which is found in the A Tables, and
* Payroll data which is found in the B tables.
The official employment rate and the information you have posted thus far is all from the A tables.
The +54,00 figure is from the B tables. I has been adjusted by the Birth and Death model by
+206,000!. About 1/2 way down the page, notice the annual benchmark adjustment in January of this Year!.
List of all the A and B tables found
here
The Birth and Death model is a statistical tool to guesstimate the number of jobs that are added and lost as the result of businesses opening and closing.
Sneaky little devils aren't they.
137 posted on
06/03/2011 3:33:32 PM PDT by
algernonpj
(He who pays the piper . . .)
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