Each month, the Bureau of Labor Statistics releases the Employment Situation Summary — or jobs report — for the country. It’s considered one of the best economic indicators available, sharing details on unemployment, hiring, salaries and much more. With so much valuable data, each release is highly anticipated (or possibly dreaded). Reading it isn’t always straightforward. Let’s take a look at its work.
There are many more facets of the jobs report than covered here. For a start, did you know there are six unemployment rates? We look more into that and other metrics for measuring employment in “Understanding the Unemployment Rate.”