This is a news story, published by Mish Talk - Global Economic Trend Analysis, that relates primarily to BLS news.
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benchmark revisionsMish Talk - Global Economic Trend Analysis
•Business
Business & Economics
82% Informative
Every February the BLS does annual benchmark revisions for the prior year .
This year there were huge revisions.
I will do my regular jobs report next, but first we need to discuss benchmark revisions.
In accordance with “normal practice” none of this will show up on historical charts.
The official household survey estimates will not be revised, BLS will produce experimental time series back to April 2020 for the total labor force and total employed that account for the January2025 population control effects.
Population controls for veterans have also been updated with the release of data for January 2025 .
Historical data have not been revised.
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