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Data Revision: U.S. subnational - BLS state un/employment - Benchmark [2017]
Monday, 13 Mar 2017 11:07 ET
By Allyson Blizman
Summary
March 13, 2017 -- Today's release of the BLS Regional and State Employment and Unemployment dataset underwent annual benchmark revisions, from as early as 1990. Related Moody's Analytics estimates and forecasts will be slightly delayed. We have moved pre-revision values to archived series.
Detail

Benchmark revisions: CES

On March 13, 2017, concurrent with the January 2017 release of regional and state employment series, the U.S. Bureau of Labor Statistics realigned its sample-based estimates to incorporate all counts of employment. This process is known as benchmarking (citation). As explained by the BLS:

Each year, employment estimates from the Current Employment Statistics (CES) survey 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.

The time-scope of this revision is:

  • Not seasonally adjusted (NSA) data from April 2015.
  • Seasonally adjusted (SA) data, generally from January 2012 but as early as 1990.

Benchmark revisions: LAUS

On February 28, 2017, in preparation of the benchmark, the BLS revised historical estimates from the Local Area Unemployment Statistics (LAUS) program to reflect new population controls from the Census Bureau, updated input data, and re-estimation (see related article).

Enid, OK CBSA

With this benchmark, the BLS has added the metro area of Enid, OK (IUSA_MEND) (see related article). New series include, for example:

  • ET.IUSA_MEND = Employment: Total nonfarm

Delays to related and dependent releases

Because of their scale, the benchmark revisions can take up to several days for us to digest, which necessarily postpones downstream datasets. Delays may apply to:

  • The reported BLS data.
  • Moody's Analytics SA and calculated metro-level data, which may take up to a week to post.
  • Employment for New England metro areas, which depend on revisions to our county estimates (see related article).
  • The March vintage of our regional forecasts (see related article for 2016).

Retrieving pre-benchmark data

For archival analysis, we preserve the discontinued and pre-benchmark time series, under concept codes adapted with a "_2015" suffix. For example, pre-benchmark values for ET.AR can be retrieved via the mnemonic ET_2015.AR. You will need to activate the IUSA_BLS_CESST_2015.db and IUSA_BLS_LA_2015.db databanks, using menu:Settings ยป Default Databanks (see related article).

Other
Related ReleaseCPS Labor Force - Smoothed Seasonally Adjusted Metropolitan Area (SSA-MA) Estimates
SourceU.S. Bureau of Labor Statistics (BLS)
FrequencyMonthly
GeographyUnited States
Upcoming
Release DateReference date
04 Apr 2017Feb 2017
02 May 2017Mar 2017
30 May 2017Apr 2017
27 Jun 2017May 2017
01 Aug 2017Jun 2017
29 Aug 2017Jul 2017
26 Sep 2017Aug 2017
31 Oct 2017Sep 2017
29 Nov 2017Oct 2017
Related ReleaseMetropolitan Area Employment and Unemployment
SourceU.S. Bureau of Labor Statistics (BLS)
FrequencyMonthly
GeographyUnited States
Catalog
Upcoming
Release DateReference date
04 Apr 2017Feb 2017
20 Apr 2017Feb 2017
02 May 2017Mar 2017
30 May 2017Apr 2017
27 Jun 2017May 2017
01 Aug 2017Jun 2017
29 Aug 2017Jul 2017
26 Sep 2017Aug 2017
31 Oct 2017Sep 2017
29 Nov 2017Oct 2017
Related ReleaseState Employment and Unemployment
SourceU.S. Bureau of Labor Statistics (BLS)
FrequencyMonthly
GeographyUnited States
Catalog
Upcoming
Release DateReference date
20 Apr 2017Mar 2017
18 May 2017Apr 2017
15 Jun 2017May 2017
20 Jul 2017Jun 2017
17 Aug 2017Jul 2017
14 Sep 2017Aug 2017
19 Oct 2017Sep 2017
16 Nov 2017Oct 2017
21 Dec 2017Nov 2017