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Issues in Labor Statistics: How the Business Birth/Death Model Improves Payroll Employment Estimates

机译:劳动统计中的问题:商业出生/死亡模式如何改善薪资就业估计

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Each year, the Current Employment Statistics (CES) program adjusts its sample-based estimates of industry employment for the previous year to universe employment counts derived primarily from the Quarterly Census of Employment and Wages (QCEW). CES recently announced a preliminary benchmark revision of -21,000 for its March 2008 total nonfarm employment estimate, an adjustment of less than one-tenth of one percent; the average absolute revision over the past decade is two-tenths of one percent. The preliminary 2008 benchmark calculation indicates that the CES estimate of March 2007-- March 2008 employment change (+500,000) is nearly identical to that reflected in QCEW universe counts (+479,000). Accurate CES employment estimates are made possible in part by the use of the birth/death model, an adjustment developed by BLS to account for the net employment change stemming from business births and deaths that cannot be captured in real-time by the CES sample. The birth/death adjustment has consistently resulted in a smaller benchmark revision than would have been the case if the sample alone were used to measure payroll employment change.

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