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How the jobs report is calculated

  • May 17, 2012 - 9:35 PM

 

•The unemployment rate is derived from telephone survey of households; respondents are asked about their employment situation and whether they are looking for a job.

•The jobs report is derived from a larger survey of businesses owners who report their hiring activity for the month.

•That's why the unemployment rate could decline, as it did in April, at the same time employers reported a net 3,100 job losses.

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