*(US) MAR CHANGE IN NONFARM PAYROLLS: +303K V +214KE (above all analysts' estimates)
Friday, April 5, 2024 8:30:06 AMEST
- Private Payrolls: +232K v +170Ke
- Change in Manufacturing Payrolls: 0K v +3Ke
- Birth-Death Adjustment (unadj): -21K v +151K prior
Revisions
- Prior Jan Change in Nonfarm Payrolls revised lower from +275K to +270K
- Prior Jan Change in Private Payrolls revised lower from +223K to +207K
- Prior Jan Change in Manufacturing Payrolls revised lower from -4K to -10K
**Link to birth-death adjustment: https://www.bls.gov/web/empsit/cesbd.htm
Insight on Birth-Death calculation:
- Births: This refers to new businesses and establishments that have been created and have hired employees but are not yet included in the establishment survey data. The BLS uses statistical modeling to estimate the number of jobs created by these businesses based on historical patterns.
- Deaths: This refers to businesses that have closed or downsized and are no longer reporting employment data to the establishment survey. The adjustment estimates the job losses associated with these businesses.
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- Change in Manufacturing Payrolls: 0K v +3Ke
- Birth-Death Adjustment (unadj): -21K v +151K prior
Revisions
- Prior Jan Change in Nonfarm Payrolls revised lower from +275K to +270K
- Prior Jan Change in Private Payrolls revised lower from +223K to +207K
- Prior Jan Change in Manufacturing Payrolls revised lower from -4K to -10K
**Link to birth-death adjustment: https://www.bls.gov/web/empsit/cesbd.htm
Insight on Birth-Death calculation:
- Births: This refers to new businesses and establishments that have been created and have hired employees but are not yet included in the establishment survey data. The BLS uses statistical modeling to estimate the number of jobs created by these businesses based on historical patterns.
- Deaths: This refers to businesses that have closed or downsized and are no longer reporting employment data to the establishment survey. The adjustment estimates the job losses associated with these businesses.