Current Employment Statistics - CES (National)

CES Preliminary Benchmark Announcement

In accordance with usual practice, the Bureau of Labor Statistics (BLS) is announcing the preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series. The final benchmark revision will be issued in February 2015, with the publication of the January 2015 Employment Situation news release.

Each year, the Current Employment Statistics (CES) survey employment estimates are benchmarked to comprehensive counts of employment for the month of March. These counts are derived primarily from state unemployment insurance (UI) tax records that nearly all employers are required to file. For national CES employment series, the annual benchmark revisions over the last 10 years have averaged plus or minus three-tenths of one percent of total nonfarm employment. The preliminary estimate of the benchmark revision indicates an upward adjustment to March 2014 total nonfarm employment of 7,000 (less than 0.05 percent).

Preliminary benchmark revisions are calculated only for the month of March 2014 for the major industry sectors in Table 1. The existing employment series are not updated with the release of the preliminary benchmark estimate. The data for all CES series will be updated when the final benchmark revision is issued.

Table 1 shows the March 2014 preliminary benchmark revisions by major industry sector. As is typically the case, many of the individual industry series show larger percentage revisions than the total nonfarm series, primarily because statistical sampling error is greater at more detailed levels than at an aggregated level.

Table 1. National Current Employment Statistics March 2014
Preliminary Benchmark Revisions by Major Industry Sector
Benchmark
revision
(in thousands)
Percent
benchmark
revision

Total nonfarm

7 (1)

Total private

47 (1)

Natural resources and mining

-16 -1.8

Construction

89 1.5

Manufacturing

44 .4

Trade, transportation, and utilities

-18 -.1

Wholesale trade (2)

-41.1 -.7

Retail trade (2)

14.2 .1

Transportation and warehousing (2)

8.5 .2

Utilities (2)

0.6 .1

Information

65 2.4

Financial activities

22 .3

Professional and business services

-151 -.8

Education and health services

-72 -.3

Leisure and hospitality

24 .2

Other services

60 1.1

Government

-40 -.2

Footnotes:
(1)Less than 0.05 percent.
(2)Indented series are part of trade, transportation, and utilities.

Last Modified Date: September 18, 2014

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