Establishment Survey: +204K Jobs, Household Survey: -735K Jobs; How Federal Layoffs Distorted the Picture

For further discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? BLS Birth-Death Model Black Box The BLS Birth/Death Model is an estimation by the BLS as to how many jobs the economy created that were not picked up in the payroll survey. The Birth-Death numbers are not seasonally adjusted, while the reported headline number is.

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Establishment Survey: +204K Jobs, Household Survey: -735K Jobs; How Federal Layoffs Distorted the Picture