Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: U.S. created 501,000 fewer jobs as of March 2019 than previous reported [View all]progree
(10,864 posts)56. I don't know if it's correct, but that's how I see it too ...
I guess for this one, they focused on getting a more comprehensive and accurate total non-farm payroll employment count for the month of March.
I've never studied this benchmark revision stuff before -- I've been aware of it, and know that a year's worth of numbers at https://data.bls.gov/timeseries/CES0000000001
changes and they make an announcement that I see when I read the report each Februrary ...
The final benchmark revision will be issued in February 2020 with the publication of the January 2020 Employment Situation news release.
The January 2020 Employment Situation news release comes out the first Friday of February (well usually but not always the first Friday).
Here is the one from early February of 2019 published with the January 2019 Employment Situation that I downloaded when it came out -- http://www.bls.gov/news.release/pdf/empsit.pdf
Unfortunately that URL is the latest release, in this case the July 2019 situation released Aug 2. I don't know how to find the older releases. The only reason I have the January 2019 Employment Situation is because I downloaded and saved it at the time.
Anyhoo, here it is:
Revisions to Establishment Survey Data
In accordance with annual practice, the establishment survey data released today have been
benchmarked to reflect comprehensive counts of payroll jobs for March 2018. These counts are derived
principally from the Quarterly Census of Employment and Wages (QCEW), which counts jobs covered
by the Unemployment Insurance (UI) tax system. The benchmark process results in revisions to not
seasonally adjusted data from April 2017 forward. Seasonally adjusted data from January 2014 forward
are subject to revision. In addition, data for some series prior to 2014, both seasonally adjusted and
unadjusted, incorporate other revisions.
The total nonfarm employment level for March 2018 was revised downward by 1,000 (-16,000 on a not
seasonally adjusted basis, or less than -0.05 percent). The absolute average benchmark revision over the
past 10 years is 0.2 percent.
The effect of these revisions on the underlying trend in nonfarm payroll employment was minor. For
example, the over-the-year change in total nonfarm employment for 2018 was revised from +2,638,000
to +2,674,000 (seasonally adjusted). Table A presents revised total nonfarm employment data on a
seasonally adjusted basis from January to December 2018.
All revised historical establishment survey data are available on the BLS website at
www.bls.gov/ces/data.htm. In addition, an article that discusses the benchmark and post-benchmark
revisions and other technical issues is available at www.bls.gov/web/empsit/cesbmart.htm.
Table A. Revisions to total nonfarm employment, January to December 2018, seasonally adjusted
(Numbers in thousands)
And then it has for each month of 2018, January, February, ... , December:
Level as previously published
Level as revised
Difference
Over the month change as previously published
Over the month change as revised
Difference
Edit history
Please sign in to view edit histories.
58 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
U.S. created 501,000 fewer jobs as of March 2019 than previous reported [View all]
UpInArms
Aug 2019
OP
I knew the lying, cheating bastards were rigging the employment numbers.
democratisphere
Aug 2019
#2
Me, too. I don't believe anything that comes out of this government. Period! n/t
Peregrine Took
Aug 2019
#36
So at this point they are just straight up lying. That is more than a revision it is a
SweetieD
Aug 2019
#8
I don't trust any Numbers the Trump administration puts out. They will do anything to paint a rosie
Meadowoak
Aug 2019
#9
we've tipped off the edge and are gaining momentum as we slid toward the bottom...
Javaman
Aug 2019
#10
Gigantic number to make up for past lies and make room for new ones until Nov 2020
bucolic_frolic
Aug 2019
#11
Truly hope someone missed a decimal point in the revision and it is 50,000 jobs
Freethinker65
Aug 2019
#14
Is anyone really surprised that the Trump administration is caught lying yet again?
cstanleytech
Aug 2019
#15
What's more, the Bureau of Labor Statistics (BLS) produces both the monthly jobs reports
progree
Aug 2019
#20
I'm looking for exactly what months were revised .... but in the meantime I ran across this
progree
Aug 2019
#22
So basically this isn't a 'jobs created' number, it's a 'total employed' number
mr_lebowski
Aug 2019
#54
Cookin' the books & pulling the wool over deplorable eyes. LIES, all lies. n/t
slumcamper
Aug 2019
#26
Socialist sounding Bureau of Labor Statistics and their "seasonally adjusted" socialism
IronLionZion
Aug 2019
#29
Here's the job series they are talking about (the famed and storied non-farm payroll job numbers
progree
Aug 2019
#33
So if 10,000 BabyBoomers are hitting 65 every day and a bunch of them work and a bunch of them
NoMoreRepugs
Aug 2019
#43