March 2014, the Bureau of Labor Statistics (BLS) released
revised job numbers for RI and all other states based on
employment data reported under the Unemployment Insurance (UI)
program by all employers through September 2013. Since then, the
subsequent monthly job numbers have been estimated based on a
sample of employers in each state. The next annual revision will
be completed in March 2015.
The published monthly job numbers data produced according to the
Bureau of Labor Statistics methodology indicate that RI gained
5,900 (+1.3%) jobs between March 2013 and March 2014. However, based on preliminary UI employment data that DLT
now has available through March 2014, DLT has produced projected
estimates of the expected revisions in its job numbers for the
first quarter of 2014.
DLT projections indicate that RI added some 7,700 (+1.6%) jobs from
March 2013 to March 2014.
We believe these DLT projections, while based on preliminary UI
data and several assumptions, are good approximations of what
the RI job numbers will look like once the data are officially
revised by BLS in March 2015. These estimates, which are the
sole responsibility of DLT (not official BLS numbers), put the
number of jobs at RI businesses in March 2014 at 477,100 which
is 1,800 more than the official published estimate (475,300).
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