Dollars and Jens
Monday, February 09, 2004
Re: latest numbers
Yes, Dean, there was "a bit of a divergence" between the household survey and the employer survey, in the sense that Joe Stalin was "a bit of a jerk".

One of the just-below-the-radar stories of the last couple of years has been that workers have been regularly reporting more net job creation than the employers have been reporting. But this is just getting silly. The best explanation I know is that the self-employed are not being reflected in the employer survey, therefore the household survey is more accurate. If something else is going on, I'd like to know what it is.

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