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Response to UpInArms (Original post)

Wed Aug 21, 2019, 12:05 PM

25. Found this from BLS.gov itself

All emphasis mine -Progree

https://www.bls.gov/web/empsit/cesprelbmk.htm

CES Preliminary Benchmark Announcement
In accordance with usual practice, the Bureau of Labor Statistics (BLS) is announcing the preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series. The final benchmark revision will be issued in February 2020 with the publication of the January 2020 Employment Situation news release.

Each year, the Current Employment Statistics (CES) survey employment estimates are benchmarked to comprehensive counts of employment for the month of March. These counts are derived from state unemployment insurance (UI) tax records that nearly all employers are required to file. For national CES employment series, the annual benchmark revisions over the last 10 years have averaged plus or minus two-tenths of one percent of total nonfarm employment. The preliminary estimate of the benchmark revision indicates a downward adjustment to March 2019 total nonfarm employment of -501,000 (-0.3 percent).

Preliminary benchmark revisions are calculated only for the month of March 2019 for the major industry sectors in table 1. The existing employment series are not updated with the release of the preliminary benchmark estimate. The data for all CES series will be updated when the final benchmark revision is issued [in February 2020 -Progree].

Table 1 shows the March 2019 preliminary benchmark revisions by major industry sector. As is typically the case, many of the individual industry series show larger percentage revisions than the total nonfarm series, primarily because statistical sampling error is greater at more detailed levels than at an aggregated level.


One has to click the link to see the table -- it doesn't paste in a readable way here.

EDITED TO ADD:

Here's the job series they are talking about: https://data.bls.gov/timeseries/CES0000000001

anyway they haven't changed it (as indicated in the BLS announcement above, they aren't revising the series until February 2020) -- just to check, I compared the March and July numbers with what I had previously downloaded when the jobs reports came out (as for the March one, I looked at the May jobs report that includes March in Table B-1 after the usual 2 revisions they make).

(to see monthly changes: https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth )

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UpInArms Aug 2019 OP
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progree Aug 2019 #20
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progree Aug 2019 #22
Wellstone ruled Aug 2019 #24
LineReply Found this from BLS.gov itself
progree Aug 2019 #25
herding cats Aug 2019 #37
progree Aug 2019 #48
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