CES Benchmark Announcement

The March 2012 Total nonfarm payroll employment estimate was revised upward by 424,000 or 0.3 percent. Over the previous 10 years, absolute benchmark revisions have averaged 0.3 percent, with an absolute range from 0.1 percent to 0.7 percent. Benchmark revisions are a standard part of the payroll survey estimation process. The benchmark adjustment represents a once-a-year re-anchoring, based on March data, of sample-based employment estimates to full population counts available through unemployment insurance (UI) tax records filed by nearly all employers with State Employment Security agencies. See the Benchmark Article for further information.

Last Modified Date: February 1, 2013