Definition: The Employment Situation Report is an economic indicator that is released on the first Friday of every month at 8:30 a.m., EST. Published by the Bureau of Labor and Statistics, the report has two main components: the first is the change of unemployed people working in the United States as well as the number of new jobs created. The second part measures the average number of hours worked each week as well as the average compensation earned by employees during those hours. The Employment Situation Report is used to help determine the "tightness" of the labor market.
Employment Situation Report
By Joshua Kennon, About.com Guide
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