[CitizenM]

And remember...the Unemployment records only count those who have worked, lost their jobs, and filed for unemployment. Think of all the new college grads who have never worked, are sitting at home with Ma and Pa (or demonstrating with the Occupiers) who are also not being counted among the Unemployed, along with those who have slipped off the rolls after 99 weeks. The percent of unemployed people that this administration tells the public is such a sham!

[khelus]

There are two sources of information published by the BLS on employment. Figuring out what bits of information goes where can be confusing. The way the media reports on unemployment does not help.

I. Household Survey Data

The unemployment rate is based upon a survey of 60,000 households, not the number of people collecting unemployment. Many recognize the Household Survey Data are more accurate representation of employment/unemployment that the Payroll Survey.

The main sources of 'enhancing' the unemployment rate are moving people out of the civilian work force, and seasonal adjustments.

II. Establishment Survey Data

OTH, the number of jobs created is based upon a survey of employers. This is the source of the number of new jobs created. The number collecting unemployment is used for the annual benchmark revision of numbers in the payroll survey. The payroll numbers are revised for at least two month after they are published.

The main sources of 'enhancing' the number of jobs created is the black box through which raw numbers are processed. The black box consists of the birth and death model and seasonal adjustment.