Authored by Mike Shedlock via MishTalk, In the past year, the BLS says the number of jobs rose by 2.62 million. Employment rose by 1.429 million. 昨年、BLS労働統計局によるとjobs 雇用 が2.62M増えた。Employment 就労の増加は1.429Mだった。
The discrepancy between the increase in jobs and the increase in employment is 1,191,000. On average, over the past year, that's a discrepancy of 99,250 every month, in favor of jobs. jobs増加とemployment増加の間の乖離は1,191,000だ。昨年の場合、平均して毎月99.250の乖離がある、jobsのほうが改善が良好だ。
Household Survey vs. Payroll Survey
Household Survey 家計調査 vs. Payroll Survey 機関調査
The payroll survey (sometimes called the establishment survey) is the
headline jobs number, generally released the first Friday of every
month. It is based on employer reporting.
Payroll survey(機関調査とも言われる)は毎月第一金曜に jobs number として開示される。この数字は雇用主の従業員名簿調査報告に基づいている。
The household survey is a phone survey conducted by the BLS. It measures unemployment and many other factors.
家計調査はBLSが電話で行う。この電話調査では失業やその他多くの調査を行う。
Numbers in Perspective
数字をどうみるか
In the household survey, if you work as little as 1 hour a week, even selling trinkets on eBay, you are considered employed.
If you don’t have a job and fail to look for one, you are not
considered unemployed, rather, you drop out of the labor force.
Searching want-ads or looking online for jobs does not count. You need
to submit a resume or talk to a prospective employer or agency.
In the payroll survey, three part-time jobs count as three jobs. The
BLS attempts to factor this in, but they do not weed out duplicate
Social Security numbers. The potential for double-counting jobs in the
payroll survey is large.
These distortions and discrepancies artificially lower the
unemployment rate, artificially boost full-time employment, and
artificially increase the payroll jobs report every month.
Over time, the numbers move in sync. There is no clear pattern around
recessions. In many years the levels converge before a recession, but
ahead of the great recession the numbers diverged.
長期に渡ってみると、これら2つの数字の変動は同期している。景気後退期近傍で明らかなパターンがあるわけではない。景気後退前には何年かかけてこの数字が収束する傾向にある、しかしながらあの the great recession に向けては2つの数字が乖離に向かっていた。
Nonfarm Payrolls vs Employment Detail
非農業雇用統計 vs 就労数の詳細
In December of 2009 the difference between payrolls and employment was 8.21 million. This month, the difference is 5.56 million. 2009年12月時点で、雇用統計と就労数の乖離は8.21Mだった。今月時点でこの乖離は5.56Mだ。
Since the lows in December of 2009, the BLS tells us employment rose
by 18,632,000. The number of jobs rose by 21,291,000. That's a
difference of 2,659,000.
In the past year alone, the difference between jobs and employment is
a whopping 1,191,000. That's a discrepancy of 99,250 every month, in
favor of jobs.
I strongly suggest double-counting of jobs by the BLS when people take extra part-time jobs or shift jobs. 私は強くこう示唆する、人々がパートタイムの仕事を追加したり転職したとき、BLS調査のjobsが二重計上されている。 For a closer look at today's jobs report please see Jobs +263,000 vs. Employment -103,000: Unemployment Rate 3.6% Lowest Since 1969. 今日、第一金曜の雇用統計をよく理解するために、これを確認するが良い、Jobs +263,000 vs 就労数 -103,000: 失業率3.6% 1969年以来の最低値。
Amazonで買物をしてContrarianJを応援しよう Supply and Demand in Comex Digital Gold by Sprott Money Thu, 07/04/2019 - 09:32 Supply and Demand in Comex Digital Gold Written by Craig Hemke, Sprott Money News A few years ago, we wrote the salient article on the subject of derivative supply and demand on Comex. Given the recent price breakout and sentiment change, it's likely a good idea to re-visit this topic today. 数年前のことだが、私どもはCOMXの派生商品の需給に関する注目記事を書いた。最近の価格ブレークアウトと心理変化もあり、この話題を再度今取り上げるのが良かろう。 The post from 2017 dealt with Comex silver and the original link is below. However, since it is extremely important that you understand this dynamic, I'm going to ask the folks at Sprott Money to reprint the post in its entirely at the bottom of this page. Please take the time to read and study this full article: 2017年の記事はCOMEXシルバーに関するもので、その時のリ...
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