Bailout

This created some confusion because I reported the underlying trend as +20,000 ex-Census, and many other reports used the private sector hiring of +41,000.

All three numbers have meaning, but the number consistent with previous reports (after removing temporary Census workers) was +20,000.

Tomorrow some sites will report private sector payroll jobs only - and that is not the correct method to remove the temporary Census workers and is inconsistent with previous reports (unless they were reporting private sector jobs only). Government hiring counts, especially since state and local governments might be cutting back later this year.

I will use the headline number and adjust by the number of temporary Census hires (the number will be reported here).

Full post as published by Calculated Risk on July 02, 2010 (boomark / email).