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The committee views the payroll employment measure, which is based on a large survey of employers, as the most reliable comprehensive estimate of employment.

This series reached a peak in December 2007 and has declined every month since then.

The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.Because a recession is a broad contraction of the economy, not confined to one sector, the committee emphasizes economy-wide measures of economic activity.The committee believes that domestic production and employment are the primary conceptual measures of economic activity.Even in some luxury hotels there won’t be a TV in the room; so bringing a book is a good idea.Remember that you’re on vacation, so don’t bring your work, – your family will appreciate it!

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