In recent years,economists have come to rely more on the establishment survey rather than the household survey to analyze current labor market statistics.

Question

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This statement is true. The establishment survey, also known as the payroll survey, surveys employers to gather information about the number of people they employ, their hours worked, and their earnings. This information is used to calculate statistics such as the unemployment rate and the number of jobs created or lost. The household survey, on the other hand, surveys individuals to gather information about their employment status, hours worked, and earnings. While both surveys provide valuable information, economists have increasingly relied on the establishment survey in recent years as it provides a more comprehensive and accurate picture of the labor market.

In Recent Years,economists Have Come to Rely More on the Establishment