CalculatedRisk Newsletter • 23 implied HN points • 07 Feb 25
- The Household Survey and Establishment Survey both track employment, but there was a significant gap in their growth estimates over the years. Recent updates have nearly closed this gap.
- New population estimates showed that previous estimates of employment growth were too low, mainly due to underestimating international migration. This has led to a big revision upward in the Household Survey employment numbers.
- Now, both surveys show similar employment growth trends, which suggests that the labor market may not be as weak as previously thought.