Journal Article
BLS Benchmark Revisions: Is This Time Different?
Abstract: In this Economic Commentary, we discuss the Bureau of Labor Statistics’ (BLS) payroll benchmark revisions, the role of these revisions, BLS methodology, and recent time series. While we do see some large benchmark revisions in recent years, these revisions are not big enough to indicate that something structural about the series has changed. Finally, considering a time series from 2010 through 2025, we find that past benchmark revisions have information that may help predict future revisions.
https://doi.org/10.26509/frbc-ec-202612
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2026-06-03
Volume: 2026
Issue: 12
Pages: 11