Saturday , August 24 2019
Home / Econbrowser - James Hamilton / If You Pay Inordinate Attention to the State Level Unemployment Series

If You Pay Inordinate Attention to the State Level Unemployment Series

Summary:
You should start looking at the state level household employment series; (the unemployment rate is calculated using this variable). Here is Wisconsin’s, as of today’s release. Figure 1: Wisconsin employment, from establishment survey (blue), and from household survey (red), both in 000’s, s.a., on log scale. Source: BLS, December employment situation release.Of course, there are many reasons not to focus on the household series at the state level, but several readers are very dense (you know who you are) insofar as this point is concerned. For more discussion, see posts on Wisconsin and California. Both household and establishment series will be benchmarked come the January release.

Topics:
Menzie Chinn considers the following as important:

This could be interesting, too:

Tyler Cowen writes Friday assorted links

Scott Sumner writes Goldman Sachs and the “hall of mirrors”

Tyler Cowen writes Thursday assorted links

Tyler Cowen writes The bullish case for ride-sharing services

You should start looking at the state level household employment series; (the unemployment rate is calculated using this variable). Here is Wisconsin’s, as of today’s release.


If You Pay Inordinate Attention to the State Level Unemployment Series
Figure 1: Wisconsin employment, from establishment survey (blue), and from household survey (red), both in 000’s, s.a., on log scale. Source: BLS, December employment situation release.

Of course, there are many reasons not to focus on the household series at the state level, but several readers are very dense (you know who you are) insofar as this point is concerned. For more discussion, see posts on Wisconsin and California.

Both household and establishment series will be benchmarked come the January release.

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

Leave a Reply

Your email address will not be published. Required fields are marked *