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Measuring Employment

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The most recent Bureau of Labor Statistics (BLS) payroll survey reports that nonfarm employment is 0.5 million lower than it was in March 2001. The BLS’s household survey, used to measure the unemployment rate, estimates that employment has grown by 2.0 million over the same period.

Suggested citation: "Measuring Employment," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-12, pp. 13, 12.01.2004.

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