This process of aligning the sample estimate (CES) with the universe estimate (QCEW) is known as benchmarking. This survey is very large, collecting data on about 32 percent of total nonfarm employment each month from a stratified probability sample of about 6 percent of the 9.5 million records that the Quarterly Census of Employment and Wages (QCEW) collects on a quarterly basis.Įach year, the national CES benchmarks the March employment level to the first quarter employment level of the QCEW. a copy of the report, you can access the report at MyNACE > Research Reports. The Current Employment Statistics (CES) survey surveys approximately 588,000 worksites each month. Invite your team members in a specific job to complete the assessment, and ask managers to rate their job performance. The 2021-22 Career Services Benchmark Survey Report for Colleges and. BLS fields many surveys, which are subject to sampling error (See error measurement topic.) Some surveys are able to compare their survey estimates with censuses or more comprehensive sets of data. We strongly encourage all labor and employment firms and lawyers to participate in the Benchmark USA research cycle. Learn more on how to interpret the Philadelphia Fed’s early benchmark estimates.Benchmarking is a standard or point of reference by which data can be compared. This is more than the 4.4 percent growth indicated by both the sum of the states and by U.S. Overall, payroll jobs grew 4.6 percent from December 2021 through March 2022 after adjusting for QCEW data. 2022 Q1 Early Benchmark RevisionsĮstimates indicate that employment changes from December 2021 through March 2022 were significantly different in 17 states compared with current state CES estimates. 58 Benchmark Media jobs available in Philadelphia, PA on. If such revisions persist in the same direction over two or three quarters, that may confirm that the national economy has reached a turning point. Bureau of Labor Statistics Current Employment. and ability to work in a fast-paced environment, learn about and research a. Keywords:Current employment statistics, benchmarking, alignment. Likewise, large, widespread upward revisions of state employment often accompany periods of accelerating national job growth. Junior and Mid-Level Health Scientist Positions with Benchmark Risk Group. Significantly large downward revisions for a majority of states often confirm a downward inflection of the nation’s job growth. The Current Employment Statistics (CES) survey has benchmarked its employment estimates since 1935. ![]() The Bureau of Labor Statistics (BLS) releases a payroll employment series known as the. They also provide insights into recent national economic trends. October 2017 Benchmarking the Current Employment Statistics survey: the past, present, and future In the sample survey world, benchmarking is aligning a survey-based estimate with a population value. Employment is one of the most important indicators of economic activity. The Philadelphia Fed’s timelier revisions provide more accurate estimates of states’ job growth, which closely predict the annual BLS benchmark revisions. Because QCEW data are released each quarter, the Philadelphia Fed can update its early benchmark estimates on a quarterly, rather than an annual, basis. Benchmarks were identified in four core categories: (1) Diversity Outcomes (2) Inclusive Policies and Practices (3) Attitudinal and Behavioral Indicators of Inclusive Employment (4) Bottom Line Outcomes Our research was conducted with. ![]() For this annual revision, the BLS incorporates more comprehensive data from the Quarterly Census of Employment and Wages (QCEW). disabilities and result in a set of established benchmarks by which inclusive employment may be evaluated. As the physical therapy profession adjusts to. ![]() In March of each year, the Bureau of Labor Statistics (BLS) revises the Current Employment Statistics’ (CES) monthly state employment estimates. APTA Benchmark Report: Hiring Challenges in Outpatient Practices. Benchmark estimates of monthly state employment, previously available only once each year, are now available for 2021 Q4 and 2022 Q1. One reasonable benchmark would be a rate of growth that would get the. The Federal Reserve Bank of Philadelphia will now release Early Benchmark Revisions of State Payroll Employment each quarter for all 50 states and the District of Columbia. This Fridays employment report from the Bureau of Labor Statistics marks four. Contact: Daneil Mazone, Manager, Media Relations
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