Methodology
The job numbers are collected via a survey of thousands of businesses. The sample establishments are drawn from private nonfarm businesses such as factories, offices, and stores, as well as federal, state, and local government entities. Employees on nonfarm payrolls are those who received pay for any part of the reference pay period (which includes the 12th of the month), including persons on paid leave.
As of 2005, the sample includes about 160,000 businesses and government agencies covering approximately 400,000 individual worksites. These job counts are monthly estimates based on data provided by employers (adjusted annually to a near census of total jobs provided by mandatory unemployment insurance filings) and also reflect those with multiple employers who are counted with each employer.
Read more about this topic: Jobs Created During U.S. Presidential Terms
Famous quotes containing the word methodology:
“One might get the impression that I recommend a new methodology which replaces induction by counterinduction and uses a multiplicity of theories, metaphysical views, fairy tales, instead of the customary pair theory/observation. This impression would certainly be mistaken. My intention is not to replace one set of general rules by another such set: my intention is rather to convince the reader that all methodologies, even the most obvious ones, have their limits.”
—Paul Feyerabend (1924–1994)