Latest QCEW Data and Payrolls Benchmark Revision

Posted - Filed under Data News, Payroll Survey, Release Observations.

Last week, the announcement of 500,000 fewer jobs made the headlines. This revision comes from an examination by the BLS of the latest Quarterly Census of Employment and Wages (QCEW). The full results of that census for Q1 2019 were published today.

This will enable us to look at more detailed industry groups within the Payroll Survey and see likely benchmark revisions coming to the CES in January. Read More

CPI Annual Revision

Posted - Filed under Consumer Price Index, Release Observations.

The Bureau of Labor Statistics reported today no change in the CPI-U All Items Index for January.  However, with January 2015’s large fall dropping out of the year-year calculation, the annual inflation rate jumped from 0.67 to 1.34%. Today’s release also includes the annual revision to past data.   Some reduction in seasonality can be seen… Read more » Read More