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View Diary: April Jobs Report Good for a Bad Reason (7 comments)

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  •  Simple Calculations from the linked report (0+ / 0-)

    or the data is in the linked report.

    Here are the simple calculations

    Change in employment = change in part time + change in full time

    Total Hours worked = Total Employment * Ave Weekly Hours

    Total Compensation = Total Employment * Ave Weekly Hours * Ave Hourly Compensation

    I did not want to clutter the diary with simple math.

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Thu May 09, 2013 at 12:47:29 PM PDT

    [ Parent ]

    •  I see your mistake (2+ / 0-)
      Recommended by:
      Bush Bites, Meteor Blades

      You are confounding BLS Household Data with BLS Establishment Data.

      In BLS Household data:
      Change in employment = + 293
      (http://www.bls.gov/...  --4th line)

      Change in part time = +107
      Change in full time = +150
      (http://www.bls.gov/...  -- 6 lines up from bottom of chart)

      I don't know why they don't add up to +293, but at least those are figures from the same data set.

      You're trying to compare BLS Establishment data of total nonfarm employment = +165
      (http://www.bls.gov/...    -- top line)

      to part time changes from another table in the BLS Household data. I think maybe this?
      http://www.bls.gov/...
      which shows part time for economic reasons +268

      But those are apples and oranges. The BLS uses the establishment data to report jobs created / lost; and Household data for unemployment information.

      Our cause: a More Perfect Union.

      by Roby NJ on Thu May 09, 2013 at 02:28:31 PM PDT

      [ Parent ]

    •  Total hours & total compensation up over 12 months (1+ / 0-)
      Recommended by:
      shaso

      I wouldn't put too much stock in month-over-month numbers for hours & compensation. Slightly down March to April in a month with good job numbers, but up significantly February to March in a month with disappointing job numbers.

      I'd look at 12 month data -- and both total hours and total compensation at steady upward trajectory....

      TOO SLOW!!!! but nonetheless upward, consistent with a weak recovery.

      Our cause: a More Perfect Union.

      by Roby NJ on Thu May 09, 2013 at 02:57:34 PM PDT

      [ Parent ]

      •  Actually, inflation-adjusted wages have... (0+ / 0-)

        ...increased by a paltry 2.25 percent since December 2007.

        Don't tell me what you believe, show me what you do and I will tell you what you believe.

        by Meteor Blades on Thu May 09, 2013 at 07:41:19 PM PDT

        [ Parent ]

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