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View Diary: Wait, what? 157k Jobs Added in June? (73 comments)

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  •  No, sorry. Jobs numbers are DATA supplied (0+ / 0-)

    by the IRS.  Employers have to report on the number of people they employ so the IRS can track the tax payments on those employees.  It's actual DATA, not some poll taken by a phone bank.

    I'm glad Gallup is corroborating this number, but it's not the same as data collected by the IRS and reported by Automatic Data Processing.

    Best. President. Ever.

    by Little Lulu on Thu Jul 07, 2011 at 10:14:36 AM PDT

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    •  But the two sources supporting each other... (1+ / 0-)
      Recommended by:
      FiredUpInCA

      is significant.

      Art is the handmaid of human good.

      by joe from Lowell on Thu Jul 07, 2011 at 10:31:11 AM PDT

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    •  Nope... (0+ / 0-)

      The monthly jobs numbers are polls just like any other, which is why sometimes we get outliers on jobs numbers like polls.

      GODSPEED TO THE WISCONSIN FOURTEEN!

      by LordMike on Thu Jul 07, 2011 at 10:42:03 AM PDT

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    •  No it doesn't not at all (1+ / 0-)
      Recommended by:
      Meteor Blades

      Even the government doesn't use the IRS data in its own reports.

      The ADP report is based on the 23 million or so headcount amongst the 430,000 customers for whom they process payroll.

      They then use a process similar to the BLS process for EXTRAPOLATING their results based on their customers to the rest of the nation.

      If we did get actual numbers from the IRS we would have a much more accurate picture of how many people were working or not, though at best we could only get that kind of information on a quarterly basis with run behind corrections due to late filings and non filings and naturally non-compliance by employers.

      That all said we would be hard pressed to get any information on the millions that are 1099 as opposed to w2 wage earners as often they don't file quarterly as they are supposed to and the IRS would have no way to determine if the income tax being submitted was based on wages or other sources.

    •  If you're going to write a diary about... (0+ / 0-)

      ...this monthly report on jobs, it would be a really good idea for you to actually know how the data are acquired. And you are mistaken about how ADP acquires its data:

      The ADP National Employment Report, sponsored by ADP, was developed and is maintained by Macroeconomic Advisers, LLC.  It is a measure of employment derived from an anonymous subset of roughly 500,000 U.S. business clients.  During the twelve month period through June 2010, this subset averaged over 340,000 U.S. business clients and over 21 million U.S. employees working in all private industrial sectors.

      The IRS is not involved.
       

      Don't tell me what you believe. Tell me what you do and I'll tell you what you believe.

      by Meteor Blades on Thu Jul 07, 2011 at 05:09:17 PM PDT

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