2024-02-05 00:55:00 ET
Summary
- While the BLS reported 353k jobs, the Household Survey actually reported a loss of -31k. December was an even bigger miss with 333k vs -683k.
- The BLS also publishes the data behind their Birth/Death assumptions. January is always a big drop, but this was smaller than last year (-144k in Jan 2023 vs. -121k in Jan 2024).
- The labor force participation rate is still well below the highs before the Global Financial Crisis.
By SchiffGold ...
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Jobs: Household Survey Continues To Come In Lower Than The BLS Report