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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.

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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

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