The number of Americans who didn’t report to work because of bad weather comes from the Labor Department’s survey of households, which reflects the calendar week that includes the 12th of the month. The survey still counts a worker as employed even if they missed that entire week’s work for weather-related reasons, regardless of whether they were paid or not for the time off.
Source: U.S. Payrolls Fall 33,000 on Storms; Jobless Rate at 4.2% – Bloomberg
This story, is confusing. First I saw it with the headline “Employment rate falls for first time in 7 years.” I then read some Democrat-types bashing Trump for ruining a 7 year streak.
Then I say a headline that read, “Unemployment down for first time in 7 years.” Wait…what? I thought it was the employment rate. Those are two different things.
Finally I saw the headline, “U.S. Payrolls Fall 33,000 on Storms; Jobless Rate at 4.2%”. So, what exactly is going on?!
“The number of workers on U.S. payrolls declined last month for the first time since 2010, reflecting major disruptions from hurricanes Harvey and Irma, Labor Department figures showed Friday.”
So, basically due to massive storms people couldn’t get to work and thus didn’t get paid. That’s not Trump’s fault. It’s hard to manage to do one’s job well in 120 mile an hour winds and all.
Then we read, “The jobless rate fell to a new 16-year-low while wage gains accelerated.” This means that more people have jobs and that those who have jobs are making more money at them. That’s very good news. That’s the figure that means that during Trump things are getting better and during Obama they were at best stagnant.
That doesn’t make a very good narrative though so some media outlets focused on the payroll number and blamed it on Trump instead of the storms. When you see a headline that doesn’t make sense or that seems too much in line with a particular ideology (right or left, they both do it) then it’s best to dig into it and find several sources for your reading. This one took me three different stories before I found reference to the Labor Department figures.