government agencies: How could both those numbers be right?, according to 660 News. 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 December, the payroll survey showed that companies and government agencies added 113,000 jobs and The U.S. economy added just 113,000 jobs in January, a second straight month of weak gains. And yet the number of people who said they had found work jumped more than 600,000, thereby lowering the unemployment rate a notch to 6.6 per cent. Because the government conducts one survey to learn how many jobs were created and another to determine the unemployment rate. The two surveys can sometimes produce differing results.
(www.immigrantscanada.com). As
reported in the news.
Tagged under unemployment rate, jobs topics.
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