March revisions to employment data change the picture of post-pandemic District jobs recovery
On March 11, the Bureau of Labor Statistics (BLS) published the results of their annual benchmarking of employment statistics. Benchmarking is the process of matching sample-based employment estimates with employment counts from administrative records such as unemployment insurance (UI), Railroad Retirement Board (RRB), and County Business Patterns (CBP). While counts from administrative data are less timely than sample-based estimates, they provide an annual point-in-time census of employment.
