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Response to gollygee (Reply #10)

Fri Oct 5, 2012, 11:34 AM

29. They measure slightly different things and use a different definition of employment

Adding jobs and employment are different things because one person can hold multiple jobs. So, for example, if the number of people holding multiple jobs goes down (as it did last month), then an unchanged number of jobs implies that that more people are employed.

There is a difference in definition of employment as well. The establishment survey (which is the 114k jobs) does not include agricultural or self-employed workers, for example, or count workers on unpaid leave.

Also, all these numbers are seasonally adjusted so a consistent seasonal effect like the start of the school year has no or minimal impact.

Here's the BLS technical note that describes these differences: http://www.bls.gov/news.release/empsit.tn.htm

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