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New York did not have a statistically significant change in payroll employment from July to August, but over the last year the state had lost 188,400 jobs.
Click on 'U.S. economy at a glance,' then on the green dinosaur next to 'Change in payroll employment' for a 10-year chart of monthly job gains and losses".
Payroll managers at many companies are also watching the negotiations closely but have already prepared systems for the two percentage point change in payroll taxes, said Scott A. Schapiro, a principal at KPMG. "We're primarily closed down from Christmas to New Year's," he said, "but our payroll folks are working.
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The change in payrolls is derived from a survey of business establishments that the Labor Department conducts.
If the August employment report, which showed no overall change in payrolls, seemed too darned equivocal for you, do not fret: it will probably change.
In 1983, after the last time the trust funds ran a deficit, the National Commission on Social Security Reform, led by Alan Greenspan and with members appointed by President Ronald Reagan and Congressional leaders, produced a report that led to changes in payroll taxes.
("Type UKWILOMA GP to graph changes in payrolls").
Because of big time lags in reporting regional unemployment rates, Brian Jones, a Salomon economist, chose for this exercise to subtract the annual percentage change in nonfarm payroll employment from the annual percentage change in consumer prices.
Consider the annual change in nonfarm payrolls.
"The market is going to focus on the change in private payrolls, which was excellent.
The June unemployment rate, which is based on a separate survey from the one that calculates the change in overall payrolls, is expected to fall by 0.1 percentage point, to 7.5 percent from 7.6 percent.
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CEO of Professional Science Editing for Scientists @ prosciediting.com