Three on Thursday - A Deep Dive into the Latest BLS Payroll Revision

To print this post click here.

In this week’s Three on Thursday, we explore what happened in the preliminary set of revisions to payroll growth and its implications for jobs. These revisions provide a more accurate picture of job growth, as they’re based on state unemployment insurance tax records from the Quarterly Census of Employment and Wages (QCEW). While the QCEW takes time to put together, it’s more comprehensive than the monthly payroll data, which only covers 119,000 establishments. Curious about the results?

Click here to view the report

Posted on Thursday, August 29, 2024 @ 1:04 PM

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.