Not "really," and actually not at all.
Originally Posted by DA60
>>The reason most people use the CPS number is probably because they don't know any better.
An ironic statement, given that YOU are using the CPS number
>>I guarantee you the average American has no idea there is a CPS and a CES number.
Yes, and even fewer of them are confused about which is which.
>>They just read the headline and sop it up.
Where did you read we lost 73K jobs in April? I know right-wing sites love to quote from that commie rag, the NYT, when it serves their purposes. Perhaps you came across a reference to It’s a Mistake to Pretend This Jobs Report Tells a Consistent Story. As it happens, I agree with the author's observation that:
The best approach is to take all the evidence — both the household and business survey, as well as multiple months of data — and use it all to tell the most sensible story we can, based on the evidence.
I've made the same point myself many times. But I'd say it's important to note the article's conclusion:
The labor market appears to be gaining strength. But there are enough conflicting signals that we will need more months of data before we can be sure.
All I did was cite the number that nearly everyone uses from the monthly report: the CES figure. Now that I've calmed from the rage you sent me into by citing the April CPS figure, let me ask you a question: Were you excited to see that we added 476K jobs in March? Thrilled by the addition of 958K in November? Geez, ya musta run out and put an Obama sticker on yer bumper.
>>you are obviously bias.
Biased. Well, if I am, then so is just about everyone else. I admire yer willingness to stand alone.
>>It says - ACCORDING TO THE BUREAU OF LABOR STATISTICS - that there were 73,000 less Americans employed in April then there were in March.there were 73,000 less Americans employed in April then there were in March
"Fewer," not less. People are discrete units.
As I noted earlier, that's one of the things BLS said. Did you click on the link I put up to the CES in #1140? Did you notice that BLS publishes CES data?
Fwiw, you don't need to provide links to CPS results for me and help me find the number yer citing. I have the reports on my work computer. I read the reports every month the day they come out. It's been part of my job for the past fifteen years.
>>you are apparently extremely bias and obviously will try and spin the numbers. I simply posted accurate numbers.
I never said they were inaccurate. They are, however, misleading in this context. It's obvious the economy added jobs in April. It's of course impossible to be sure exactly how many. One-month sales figures offer little guidance for judging trends. The stock market is a very poor indicator of where the economy is headed. And as I noted, the Dow average was up for the year at the close on Tuesday.