Zeev's Turnips Patch-No Politics (ZEEV)

[punkle]

I believe the only jobless report worth looking at from the gov't is the nonfarm payrolls (August figures released September 5th):

Industry Payroll Employment (Establishment Survey Data)

Total nonfarm payroll employment in July was 129.9 million (-44,000 over
the month). The number of jobs has declined by 486,000 since January.

This is the true employment picture and has only gotten worse each month.

The employment report is actually two separate reports which are the results of two separate surveys. The household survey (which gives you the 6.4% number) is a survey of roughly 60,000 households. This survey produces the unemployment rate. The establishment survey is a survey of 375,000 businesses. This survey produces the nonfarm payrolls, average workweek, and average hourly earnings figures, to name a few. Both surveys cover the payroll period which includes the 12th of each month.