Measuring Total Employment: Are a Few Million Workers Important?
Each month employment reports are eagerly awaited by economic analysts and small and large investors alike. The Employment Situation Report provided by the Bureau of Labor Statistics (BLS) reports both the unemployment rate and the total number of jobs in the economy; both statistics indicate the overall health of the economy.
The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.