1. The condition of the labor market is a central focus of policy makers and households.Let's consider the overall condition of the American market.Go the website of the Bureau of Labor Statistics, and look at the current summary of the employment situation of the United States (http://www.bls.gov/news.release/pdf/empsit.pdf ).

a) Tables A and B summarizes the major labor data for the economy.Look over the data and highlight in a paragraph or two what you think is important over the past three months about labor conditions from both the household and the establishment surveys.

b) Now I ask you to compare employment in the two different surveys of the labor market.Go to table A-1 (household) and table B-1 (Establishments) and let me know the following:

i. How many people are employed in Table A-1 versus B-1?Why the difference?

ii. Compare the seasonally adjusted levels of employment, year-over-year for June 2019-2020, in the two surveys and report on the change in the number employed in the two.

iii. Now compare the number of total jobs in NFPE to jobs in the private sector, both year-over-year for June 2019-20.

iv. Lastly, compare the growth in employment in A-1 to Total NFPE to Private NFPE, both in B-1. Is there much a difference in the growth rates of these three?