Commetnt from BLS on the US Hurricanes
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Hurricanes Helene and Milton |
| |
| Hurricane Helene made landfall on Florida’s Gulf Coast on September 26, 2024, and then |
| tracked north into several other states. This was before the October reference periods for |
| both the household and establishment surveys. |
| |
| Hurricane Milton struck Florida on October 9, 2024, during the reference periods for both |
| surveys. Prior to the storm’s landfall, there were large-scale evacuations of Florida |
| residents. |
| |
| In October, the household survey was conducted largely according to standard procedures, |
| and response rates were within normal ranges. |
| |
| The initial establishment survey collection rate for October was well below average. |
| However, collection rates were similar in storm-affected areas and unaffected areas. A |
| larger influence on the October collection rate for establishment data was the timing and |
| length of the collection period. This period, which can range from 10 to 16 days, lasted |
| 10 days in October and was completed several days before the end of the month. |
| |
| No changes were made to either the establishment or household survey estimation procedures |
| for the October data. It is likely that payroll employment estimates in some industries |
| were affected by the hurricanes; however, it is not possible to quantify the net effect on |
| the over-the-month change in national employment, hours, or earnings estimates because the |
| establishment survey is not designed to isolate effects from extreme weather events. There |
| was no discernible effect on the national unemployment rate from the household survey. |
| |
| For information on how unusually severe weather can affect employment and hours estimates, |
| see the Frequently Asked Questions section of this news release. |
| |
| BLS will release the state estimates of employment and unemployment for October on |
| November 19, 2024, at 10:00 a.m. (ET).
| |
| Hurricane Helene made landfall on Florida’s Gulf Coast on September 26, 2024, and then |
| tracked north into several other states. This was before the October reference periods for |
| both the household and establishment surveys. |
| |
| Hurricane Milton struck Florida on October 9, 2024, during the reference periods for both |
| surveys. Prior to the storm’s landfall, there were large-scale evacuations of Florida |
| residents. |
| |
| In October, the household survey was conducted largely according to standard procedures, |
| and response rates were within normal ranges. |
| |
| The initial establishment survey collection rate for October was well below average. |
| However, collection rates were similar in storm-affected areas and unaffected areas. A |
| larger influence on the October collection rate for establishment data was the timing and |
| length of the collection period. This period, which can range from 10 to 16 days, lasted |
| 10 days in October and was completed several days before the end of the month. |
| |
| No changes were made to either the establishment or household survey estimation procedures |
| for the October data. It is likely that payroll employment estimates in some industries |
| were affected by the hurricanes; however, it is not possible to quantify the net effect on |
| the over-the-month change in national employment, hours, or earnings estimates because the |
| establishment survey is not designed to isolate effects from extreme weather events. There |
| was no discernible effect on the national unemployment rate from the household survey. |
| |
| For information on how unusually severe weather can affect employment and hours estimates, |
| see the Frequently Asked Questions section of this news release. |
| |
| BLS will release the state estimates of employment and unemployment for October on |
| November 19, 2024, at 10:00 a.m. (ET).
This article was written by Greg Michalowski at www.forexlive.com.
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