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7 big things you should know about the monthly jobs report

Source: JournalistsResource.org

Each month the U.S. Bureau of Labor Statistics releases its Employment Situation report. This report includes about two dozen distinct datasets that can help economists, journalists and the public understand the health of the nation’s economy. It’s where to find monthly changes to the number of people employed and the unemployment rate, and it’s a report that’s widely covered in the media, but isn’t always covered with much context.

Part-time work adjustments big drivers of lost hours during recessions

Source: JournalistsResource.org

When the economy enters a recession, pundits are quick to trot out unemployment numbers to argue about the health of the economy or the success of the government’s response.

Of course, job loss should be front and center when talking about the economy, but companies have more options than just hiring and firing employees.