Which of the following is not true of how current employment statistics (CES) are compiled by the Bureau of Labor Statistics?
It is compiled on a monthly basis
It is used as an early indicator of economic trends and overall health of the economy
A steady decline in unemployment suggests there is good competition between firms to find and hire employees
There is variation in unemployment rates between different worker categories
The CES measures all US residents; it is not limited to just those participating in the labor force.
The CES measures all US residents; it is not limited to just those participating in the labor force.
Explanation: The CES survey provides employment, hours, and earnings estimates on the basis of payroll records of business establishments.
Which of the following is not true of how current employment statistics (CES) are compiled by...