A quarterly benchmarking procedure for the Current Employment Statistics program | Zendy

Mark A. Loewenstein | Zendy; Matthew Dey | Zendy

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A quarterly benchmarking procedure for the Current Employment Statistics program

Author(s) -

Mark A. Loewenstein,

Matthew Dey

Publication year - 2017

Publication title -

monthly labor review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.265

H-Index - 54

eISSN - 1937-4658

pISSN - 0098-1818

DOI - 10.21916/mlr.2017.28

Subject(s) - benchmarking , current (fluid) , statistics , current population survey , econometrics , economics , engineering , mathematics , sociology , demography , management , population , electrical engineering

We propose an improved procedure for benchmarking employment estimates from the Current Employment Statistics (CES) survey. The procedure involves more frequent updating of data, whereby seasonally adjusted CES estimates are benchmarked to seasonally adjusted Quarterly Census of Employment and Wages estimates on a quarterly, rather than annual, basis. We provide simulation results illustrating the advantages of the method, which can be used for benchmarking both national estimates and state and area estimates.

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