Establishment Survey

Definition

The Establishment Survey, also known as the Payroll Survey, is a monthly survey conducted by the U.S. Bureau of Labor Statistics to collect data on nonfarm payroll employment, hours worked, and earnings from employers.

Analogy

Imagine the Establishment Survey as an inventory check done by a store manager. It provides detailed information about how many employees are currently working in various industries and how much they're earning.

Related terms

Nonfarm Payrolls: Nonfarm payrolls refer to all paid jobs excluding agricultural workers, private household employees, nonprofit organization employees, and government employees.

Average Hourly Earnings: Average hourly earnings represent the average wage rate per hour worked by employees in various industries.

Job Creation/Job Losses: Job creation refers to an increase in employment opportunities, while job losses indicate a decrease in available jobs within an economy.