| ▲ | riazrizvi 3 days ago |
| Explain to me please why job numbers aren’t simply a matter of querying the Federal social security database? A longstanding process of polling businesses for what they want to report, followed by corrections up to one year later, has got to be a pantomime to fudge the numbers. |
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| ▲ | tzs 3 days ago | parent | next [-] |
| They survey businesses because the Social Security database has too much lag and does not contain enough detail. The lag is because it is based on employer submissions that are quarterly or annual. |
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| ▲ | riazrizvi 3 days ago | parent | next [-] | | Does that pass the basic common sense smell test? Everyone can see on their paycheck the amount, that is paid 30 days after any work day in the worst case. These payments are sent to a single federal bank account, and data-wise are combined with Social Security ID, sending bank id, date. It’s a bank, there’s a database. We are talking at most about 200mm records, a raspberry pi can process that query in minutes. If we can’t query this easily it’s by design. Or we could do some backflips and somersaults to try to come up with a reason for why the bureaucracy has to be more complicated. | | |
| ▲ | tzs 3 days ago | parent | next [-] | | The payments are deposited monthly or semiweekly (for employers with large payroll) but that's a lump sum. If you are looking at that from the government side all you can tell is whether total payroll has gone up or down. That won't tell if any change is due to a change in number of employees or a change in pay rates or some combination of that. It isn't until the employer files their quarterly Form 941 that you'd see employment numbers. Form 941 includes the number of employees and total wages and withholding. It isn't until the annual W-2 filings that you would see a breakdown that includes number of employees and the individual pay. | | |
| ▲ | riazrizvi 3 days ago | parent [-] | | Ah okay, this is why then. So all my other comments complaining about the lack of timeliness have this simple explanation. TIL |
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| ▲ | RC_ITR 3 days ago | parent | prev [-] | | Not all 'normal income' is from a "job" as we think of it and assuming that does not even come close to passing any informed person's smell test. Parsing tax or SS payments for what a "job" is would be a logistical nightmare, because that's not what the system is designed for (unlike the BLS's system, which is designed to count jobs). | | |
| ▲ | riazrizvi 3 days ago | parent [-] | | When ppl want job numbers they want a reliable proxy for the state of the economy. Fixing it on changes to payroll-based social security payments would be far better than what we have now, if timely. | | |
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| ▲ | mannyv 2 days ago | parent | prev [-] | | And yet, SS contributions are done every pay period. Who has that data then? Treasury? |
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| ▲ | riazrizvi 3 days ago | parent | prev | next [-] |
| So the answer is payments per social security id are not reported to the social security Electronic Federal Tax Payment System (EFTPS), employers only report aggregate payments. And workers and employers only report payments by individual in W2’s in January. |
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| ▲ | chrisco255 3 days ago | parent | prev | next [-] |
| Probably the only reason is because the BLS and SSA are completely separate, and SSA is probably antiquated and doesn't attempt to tag or organize their data along the same parameters as whatever the BLS defines. It likely neither has the staffing nor resources to provide those hooks and realtime anonymous aggregated data for other departments to consume. |
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| ▲ | 3 days ago | parent | prev [-] |
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