The efficiency of the benchmark revisions to the current employment statistics (CES) data

Keith Phillips and James Nordlund

Economics Letters, 2012, vol. 115, issue 3, 431-434

Abstract: We find evidence of a cyclical and seasonal bias in the annual benchmark revisions to the monthly level of non-farm payroll employment. We propose a change to the methodology that would remove the seasonal bias and ensure that the benchmark process does not artificially influence the estimated seasonal pattern in the raw data.

Keywords: Data revisions; Seasonal bias; Payroll employment (search for similar items in EconPapers)
JEL-codes: C13 C18 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176511006410
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:3:p:431-434

DOI: 10.1016/j.econlet.2011.12.118

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().