Preliminary Annual Revision

The BLS Preliminary Annual Revision shows that the Jobs total for March 2020 is about 173,000 jobs too high.

Preliminary benchmark revisions are calculated only for the month of March 2020 for the major industry sectors. 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.

The Quarterly Census of Employment and Wages (QCEW) is researching potential improvements to their imputation methodology. If implemented, these changes may result in larger than usual revisions to QCEW estimates for the first quarter of 2020. 

Light of Day

As noted above, we will not see these overstatements corrected until February of 2021.


173,000 is a normal error. That's about 14,400 a month.


These estimates are pre-covid and the methodology might change adding more to the total.

The BLS revision for Covid rates to be a doozie. 

But we won't find out about that until February of 2022 although a preliminary report we be out in about a year.


BLS Revises Payrolls 501,000 Lower Through March

BLS annual revisions knocked off 501,000 jobs through March. Private jobs fell by 514,000 jobs.

Deep Dive Into the BLS Job Revisions: What Really Happened?

The BLS benchmark revisions from March 2019 finally see the light of day, today.

Jobs Report Badly Misses Estimates: 130,000 Jobs with Only 96,000 Private Jobs

The jobs report dramatically missed expectations today, especially with private jobs.

BLS Business Dynamics Report: Private Sector Job Losses Exceed Gains in 2017 Q3

BLS Business Dynamics Report shows a net loss of private jobs for the third quarter. This has not happened since 2010

Jobs +201,000 vs Employment -423,000: Another BLS Divergence

Nonfarm jobs rose but actual employment fell in two different measures of the BLS July jobs report.