Employment Situation Report,
Definition of Employment Situation Report:
It summarizes total non-farm payroll employment in the United States by surveying over U.S. businesses and households. In short, it provides insight into who is working (and not working), what industries are seeing job gains and losses, and includes data broken down by age, gender, race and other groupings.
A report that is compiled monthly by the United States Department of Labors Bureau of Labor Statistics that shows a set of surveys with regarding the labor market. Information included in the reports consists of the unemployment rate, non-farm payroll employment, the average work week, and average hourly earnings for employees working in major industries.
The Employment Situation report is a monthly report compiling a set of surveys in an attempt to monitor the labor market. Also known informally as the labor report, the Employment Situation Report is released by the Bureau of Labor Statistics, which is part of the U.S. Department of Labor.
How to use Employment Situation Report in a sentence?
- Economists and analysts may use the Employment Situation Report as a leading indicator for consumer spending and other metrics which can affect markets.
- The Employment Situation Report is a monthly report put out by the U.S. department of labor, commenting on employment data.
- It is also known as the labor report and provides a deeper dive into the employment data beyond the headline unemployment rate.
Meaning of Employment Situation Report & Employment Situation Report Definition