The Bureau of Labor Statistics Monthly Job Report: it’s based on two surveys the establishment & household. The survey in question is the former. It’s based on a 121K survey from non-farm private employers & government agencies comprising 631K worksites. The response rate has recently slipped below 60% down from pre pandemic rate of 70% and well below the 80% rate typical over a decade ago. The survey has a +/- of 100K each month. Typically with a three month window the response rate for a single monthly survey time improves to 90% which is why there are ongoing rolling revisions that are rarely as large as the downward 258K revision in June. The numbers are not rigged and they are the gold standard internationally.
63,87K