St. Louis Fed Steps in to Provide More-Timely Jobs Data

Charles Gascon and Paul Morris

The Regional Economist, 2018, vol. 26, issue 2

Abstract: Although these [2018] revisions [to monthly state and local employment data] were significant, they didn?t come as a surprise to us at the St. Louis Fed. We have been releasing our own estimates of regional employment growth since mid-2017, and they have generally matched up well with the revisions released every March by the BLS. Our estimates can alert policymakers of likely revisions well ahead of time, allowing them to make decisions based on information that is often more accurate than the initial releases from the BLS.

Date: 2018
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