Calculating the unemployment rate
Nonfarm payrolls jumped higher in May, yet so too did the unemployment rate - wondering why? Here's what you need to know.
In order to understand the employment picture in the United States, the first thing to know, is that employment is measured monthly via two different surveys: the establishment survey, and the household survey.
The establishment survey refers to the Current Employment Statistics (CES) survey, which surveys approximately 122,000 businesses and government …