The BLS is out with a technical note regarding the upcoming non-farm payrolls report, due November 8.
This part on the household survey caught my eye:
Workers who indicate that they were not working during the entire survey reference week and expected to be recalled to their jobs should be classified in the household survey as unemployed, on temporary layoff. This would include furloughed federal employees as well as other affected workers. These workers are classified this way regardless of whether they are, or expect to be, paid for the time they are on temporary layoff.
The (early) consensus for the unemployment rate is a rise to 7.3% from 7.2% but this could push it higher.
This part on the household survey caught my eye:
Workers who indicate that they were not working during the entire survey reference week and expected to be recalled to their jobs should be classified in the household survey as unemployed, on temporary layoff. This would include furloughed federal employees as well as other affected workers. These workers are classified this way regardless of whether they are, or expect to be, paid for the time they are on temporary layoff.
The (early) consensus for the unemployment rate is a rise to 7.3% from 7.2% but this could push it higher.