Tracking the operation of the U.S. labor market requires multi-dimensional considerations, including unemployment, employment, working hours, working salary, labor demand, labor participation, job loss, labor fitness, etc. The data sources are mostly from the survey and statistics of the Bureau of Labor Statistics (BLS) and other institutions. This paper combs all employment related data in the United States. In the next article, we will analyze the cross check relationship of the above data and how to use employment data to evaluate the U.S. economic situation.
CPS survey: current population survey
The current demographic survey (CPS) is a monthly survey conducted by the Bureau of Labor Statistics on American families, also known as the "household survey". It provides extensive information on labor force, non labor force, employment, unemployment, working hours, income, population and other important indicators. It is the source of unemployment rate, labor force participation rate and other important indicators in the country. The respondents are all non institutional residents aged 16 and above, which are divided into three categories: non labor force, employment and unemployment.
CES survey: current employment statistics
Current employment statistics (CES) is a survey and statistics based on payroll records for American business and government institutions. Therefore, it is often called "establishment survey" or "payroll survey". It mainly provides data such as the number of non-agricultural employees, non-agricultural wages and working hours, and employment diffusion index. The CES survey is based on the payroll of non-agricultural institutions. The "employed population" is the employees who receive wages on the payroll during the survey period.
Jolts survey: job openings and labor turnover survey
The job vacancy and labor mobility Survey (jolts) specifically provides information on labor demand and mobility, which is counted and released by BLS. The survey includes three aspects: job openings, hires and dismissals. Coverage includes private non-agricultural and government entities; The survey results are very important for analyzing the relationship between labor supply and demand in various industries and regions.
Weekly claims for unemployment benefits
Weekly jobless claims data from the unemployment insurance office of the U.S. Department of labor are used to conduct economic analysis of national and state unemployment trends. The number of people who apply for unemployment benefits for the first time in the week is considered to be a leading economic indicator, and the number of people who continue to receive unemployment benefits is a good approximation of the insured unemployed.
ADP employment survey
ADP publishes employment data before BLS releases employment data every month to provide expectations for the market in advance. ADP survey is only aimed at the non-agricultural private sector, which is basically consistent with the change trend of BLS employment data in the long run; In times of labor market turbulence, the two are prone to differences.
Tips: US labor market changes exceed expectations.
