ajtj99's Market Pulse

[punkle]

I heard Bush speak early this morning and was touting the decrease in unemployment from 5.9% to 5.7%. He made no mention of non-farm payrolls which is a far more comprehensive and inclusive survey of millions of workers that the silly unemployment rate which surveys 60,000 random households:

The employment report is actually two separate reports which are the results of two separate surveys. The household survey 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.

Funny how the terror alert was lowered today as well.