Labor Department Says It's Likely To Downwardly Adjust Payrolls By 208,000

By Steve GoldsteinMarketWatch Pulse

The Labor Department on Thursday said it's likely to downwardly adjust payrolls by 208,000, or by 0.1%. The average benchmark revision over the last 10 years has been plus or minus three-tenths of a percent. The final benchmark revision will come out on Feb. 5. Each year, the government benchmarks its payrolls series for the month of March, using comprehensive state unemployment insurance tax records.

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