As a result, BLS adds approximately 50, 000 jobs per month to the Establishment Survey report.
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The current acting commissioner John Gavin is a career BLS economist, not an Obama appointee.
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Since the early 1970s, the BLS has prepared employment projections every other year.
During the 8 months prior to QE2, total employment (BLS Household Survey) increased by 420, 000.
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The BLS expects a 30% increase in the number of software developers by 2020 (from 2010).
Our estimate historically has varied less than 10 percent from the final, revised BLS jobs number.
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No one I know has any idea as to how the BLS does this seasonal adjustment.
It is extraordinarily difficult to find historical data on homeowner equivalent rent in the BLS database.
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Both of these figures are more than 30% higher than what the BLS originally estimated!
For example, the BLS initially reported that the economy added only 111, 000 jobs in January.
Indeed, the BLS initially underreported job growth in every one of the past six months.
In other words, job growth in January was 46% higher than what the BLS originally reported.
For example, the BLS initially estimated that the economy added only 111, 000 jobs in January.
He added that the BLS's assumption of a 5.2% unemployment rate by 2020 was somewhat optimistic.
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In March, the BLS cracks open the Unemployment Insurance records and does a new complete count.
In 1997, the BLS significantly changed the list of goods and services that make up the CPI.
Manufacturing layoffs and job losses hit their lowest level since BLS started tracking the data in 1995.
The BLS data collected on these jobs after 2005 no longer categorizes them by the blue-collar moniker.
The BLS report estimates that private firms dish out 23 cents an hour to provide sick leave.
According to the BLS, these components provide analysts the analytical framework needed to develop detailed employment projections.
"I still wouldn't be surprised if the BLS numbers are much higher than the consensus, " Brown said.
Previously the BLS estimated that retail employment had come roaring back in the later half of 2012.
In December, the number of people the BLS classifies as unemployed dropped by 556, 000 to 14.5 million.
Only as a result of unknown seasonal adjustments, could the BLS report 243, 000 new hires in January.
For instance, the BLS just announced that job growth in February was an anemic 97, 000 new jobs.
Based on the BLS report headlines, however, several sectors and related stocks will likely trade higher today.
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Another compelling statistic: the BLS projects that health care wages and salaries will rise 27% through 2014.
The BLS reported this as 873, 000 SA which is the number that the media got all excited about.
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The BLS each month reports two data series, but only one jobs number is reported by the media.
The BLS also upwardly revised job growth in December and January to 226, 000 jobs and 146, 000 jobs, respectively.
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