U.S. Jobs Report to Be Released Without Unemployment Rate Data

White House Economic Council Director Kevin Hassett confirmed October’s report will omit unemployment figures due to the absence of a household survey, an atypical departure from standard labor market reporting.

Summary

Kevin Hassett, Director of the White House National Economic Council, stated that October’s jobs report will exclude unemployment data because the household survey was not conducted. The nonfarm payroll report, which typically combines business and household surveys, will only include job figures. This marks a rare deviation from usual labor market disclosures, where unemployment statistics are a core component.

Terms & Concepts
  • Unemployment Rate: A measure of the percentage of the labor force that is jobless and actively seeking employment.
  • Jobs Report: A monthly release detailing employment trends, commonly issued by government agencies to assess labor market conditions.