Inquiring minds are taking a closer look at Friday’s job numbers, specifically household data employment trends of men vs. women.
The unemployment rate among men 20 years an older dropped only because the male labour force dropped by 31,000. Those employed barely rose by 4,000. Contrast with stats for women 20 years and older below.
The labour pool for women rose by 96,000. The number of employed women rose by 247,000 vs. 4,000 for men.
Thus, improvement in Friday’s jobs numbers came entirely from women, at least according to the household survey. I will watch this statistic going forward.
93,000 jobs were part-time jobs as shown in the following table.
Part Time Status
For more on Friday’s job numbers, please see BLS Jobs Report: Nonfarm Payroll +216,000, Unemployment Rate 8.8%; Thoughts on the Jobs Report
Please note that the headline number +216,000 is from establishment survey (payroll data), while the unemployment rate and demographic breakdowns are from the household survey (phone survey).
Mike “Mish” Shedlock
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