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