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Explaining the Recent Divergence in Payroll and Household Employment Growth, Volume 5, Issue 16

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Explaining the Recent Divergence in Payroll and Household Employment Growth, Volume 5, Issue 16

DATE: December 1999

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ABSTRACT: Each month, the government releases two estimates of U.S. employment growth—one based on a survey of firms, the other on a survey of households. Since 1994, these measures have diverged sharply. Evidence suggests that the household survey's estimate has risen more slowly because it undercounts working-age adults who have found employment during the current economic expansion.

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Federal Reserve Bank of New York. Research and Statistics Group. "Explaining the Recent Divergence in Payroll and Household Employment Growth, Volume 5, Issue 16," Current Issues in Economics and Finance (December 1999). https://fraser.stlouisfed.org/title/6879/item/627915, accessed on March 28, 2023.

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