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Re: anyone else know

By: clo in ALEA | Recommend this post (0)
Fri, 02 Nov 12 6:22 PM | 86 view(s)
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Msg. 11241 of 54959
(This msg. is a reply to 11240 by Cactus Flower)

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I found this info, this is a snippet, but I think the main reason.

The lack of agriculture in the payroll survey, however, is almost certainly inconsequential. The absence of farms in the Bureau's payroll survey matters less to today's employment picture than it did during the early and mid 20th century. In 1930, 21.5 percent of the workforce worked in farming, and agricultural output represented nearly 8 percent of U.S. economic output. At the turn of the 21st century, less than 2 percent of the labor force worked in agriculture, a sector that now represents less than 1 percent of national economic output.

http://econblog.aplia.com/2009/05/why-do-monthly-job-loss-estimates.html




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The above is a reply to the following message:
anyone else know
By: Cactus Flower
in ALEA
Fri, 02 Nov 12 5:48 PM
Msg. 11240 of 54959

why farm payroll is excluded from the numbers?

is it because it is seasonal?


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