March 10, 2017

Trump Effect? Jan.-Feb. Results Show Early Signs That the Workforce Malaise Has Begun to Lift

Filed under: Economy,Taxes & Government — Tom @ 11:38 am

This is stunning (source links: Jan.; Feb.):

JanAndFeb2017HouseholdSurveyStats

After segregating out the adjustments made to the January figures to reflect changes to Census Bureau population control figures (which really relate to December and prior months), the Household Survey tells us that in January and February, over 900,000 Americans entered or re-entered the workforce, and that almost all of them found work.

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UPDATE, 3:10 P.M.: Well, just for fun (I know, I have a weird definition of “fun”), let’s look at the not seasonally adjusted Household Survey figures.

Unfortunately, all that is identifiable is February, because BLS hasn’t published not seasonally adjusted population survey impacts buried in January’s number. (If someone can tell me how to break that out, please email me at the address at the top of the BizzyBlog template.)

Here we go:

NSAvariousHouseholdSurveyItemsFeb2007to2017

February was considered a pretty strong month last year, so this year’s increase in the labor force and decrease in “not in labor force” are still impressive. The increase in actual Household Survey employment during February before seasonal adjustment is the highest February on record.

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1 Comment

  1. “UPDATE, 3:10 P.M.: Well, just for fun (I know, I have a weird definition of “fun”), let’s look at the not seasonally adjusted Household Survey figures.”

    Me too, thanks for providing this numbers puzzle.

    Comment by Cornfed — March 11, 2017 @ 11:28 am

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