Last week, I pointed out that the U.S. payroll survey uses the following accounting rule:
The Labor Department... determines the number of people on nonfarm payrolls by asking employers for a head count during the pay period including the 12th of the month. For many federal employees, that would be the pay period from Jan. 6 to Jan. 19.
Further, one only needs to have worked for one hour during that period to be counted as employed.
This weekend, we heard word that the government shutdown has no end in sight.
On Sunday (Jan 13), we heard more news - that the TSA has decided to issue each TSA worker a one-time one-day pay plus $500 bonus. This means TSA can now report all workers as having been paid during the pay period including the 12th of January.
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