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https://www.stlouisfed.org/open-vault/2019/july/nonfarm-payrolls-why-farmers-not-included https://www.stlouisfed.org/open-vault/2019/july/nonfarm-payr... On fa
by ahstilde 3y ago
https://www.stlouisfed.org/open-vault/2019/july/nonfarm-payrolls-why-farmers-not-included https://www.stlouisfed.org/open-vault/2019/july/nonfarm-payr...
On farmers:
Why aren’t farmers included in monthly jobs data? The answer may go back to early America. Highly seasonal, farming has always had a special place in our history—and our hearts.
On other exclusions:
Obtaining accurate employment numbers is complicated by:
Self-employment
Unpaid family employment
Part-time or hobby farmers
Other partnerships
And military is excluded because it's not a measure of the economy.