Published by Calculated Risk on July 22, 2020
Employment in the U.S. Census Bureau Household Pulse Survey fell by -4.1 million last week alone. That’s a cumulative loss of -6.7 million jobs between the reference weeks used for the June & July monthly jobs report. Seasonality and survey noise may be factors here – the HPS is a new, experimental survey with limited history. However, it also did an admirable job of predicting the strong employment growth in June.
The U.S. Census Bureau, in collaboration with five federal agencies, is in a unique position to produce data on the social and economic effects of COVID-19 on American households. The Household Pulse Survey is designed to deploy quickly and efficiently, collecting data to measure household experiences during the Coronavirus (COVID-19) pandemic. Data will be disseminated in near real-time to inform federal and state response and recovery planning.
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