The Labor Department said 195,000 fewer people were working in July, contrasting a widely circulated number of 163,000 jobs added in the month. The explanation for the colliding figures is that the Labor Department conducts two separate surveys each month, one that counts jobs and one that counts people, The Wall Street Journal reported Saturday. In the long run, the figures head in the same direction, but they can be shifty on a month-to-month basis, the Journal reported. By counting jobs, the department\'s business survey can count one person twice, if that person has two jobs. On the other hand, a second survey is directed toward households. That survey counts self-employed workers who have an unincorporated business and unpaid workers on farms. The first survey misses those, the newspaper reported. On an adjusted basis, which is to say accounting for both surveys, the Labor Department said the economy added 108,000 jobs in July, a sharp contrast from the headline-generating figure of 163,000 jobs that was announced Friday.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor