Jobs Count: But How Do We Count Them?

The U.S. Bureau of Labor Statistics (BLS) released its monthly jobs report on Friday, May 5, 2017. As usual, investors and economists (including those at the Federal Reserve [Fed]) will pour over the data for clues regarding the health of the economy, as well as for insight into interest rates and other policies. Lately, many questions arise with each data release. Different rates measure a different scope of the labor market, specifically how those who have given up looking for work, or people working part time when they would rather work full time, are counted. The difference between these rates gives rise to questions, including which rate is correct and how to interpret the data.

Download the Full Article