household survey

PayLOLs 2020: 2 for 2

By Jeffrey P. Snider|2020-03-06T15:04:55-05:00March 6th, 2020|Markets|

It’s about time. I’ve been writing for years that the payroll reports are, mostly, irrelevant. That’s never how they are received, though, some months wherein the new low for the unemployment rate or the blowout headline payroll figure send risk markets soaring. Not this month. Can you imagine what the last couple of reports would have done a year ago? [...]

Very Rough Shape, And That’s With The Payroll Data We Have Now

By Jeffrey P. Snider|2020-01-11T14:08:31-05:00January 11th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Bureau of Labor Statistics (BLS) has begun the process of updating its annual benchmarks. Actually, the process began last year and what’s happening now is that the government is releasing its findings to the public. Up first is the Household Survey, the less-watched, more volatile measure which comes at employment from the other direction. As the name implies, the [...]

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