unemployment rate: The government does one survey to learn how many jobs were created and another survey to determine the unemployment rate. Those surveys can sometimes produce different results, although in April they pointed in the same direction. , according to Winnipeg Free Press. The other is the household survey. Government workers ask whether the adults in a household have a job. Those who don't are asked whether they're looking for one. If they are, they're considered unemployed. If they aren't, they're not considered part of the workforce and aren't counted as unemployed. The household survey produces each month's unemployment rate. The U.S. economy added a solid 165,000 jobs in April, and the unemployment rate fell to 7.5 per cent from 7.6 per cent. One is called the payroll survey. It asks mostly large companies and government agencies how many people they employed during the month. This survey produces the number of jobs gained or lost. In April, the payroll survey showed that companies added 176,000 jobs, and federal, state and local governments shed 11,000.
(www.immigrantscanada.com). As
reported in the news.
Tagged under unemployment rate, payroll survey topics.
4.5.13