Employment Growth: the Adjusted Household Survey
Menzie Chinn provides a link to an interesting analysis from the Bureau of Labor Statistics in his post entitled Properties of Some Labor Market Indicators. Dr. Chinn’s post is an interesting read in itself but take a peek at chart 1 of the BLS paper, which compares the payroll survey and the “adjusted household survey”. Over the past decade, the growth in each has been roughly similar. But also note that the growth in the payroll survey from 1998 to early 2001 exceeded the growth in the adjusted household survey.