Michigan job growth better than initially reported
By Tom Gantert | Michigan Capitol Confidential
Michigan is getting shortchanged on its job growth numbers by the Bureau of Labor Statistics monthly report.
That report, the Current Employment Statistics, often is used by the media because it is the most timely, but it is the least comprehensive of federal reports that track employment data.
The CES lists unemployment for the preceding month and is released by the BLS every month. The CES reported 9,000 net jobs were created in the second quarter of 2013, but a more accurate report, the quarterly Business Employment Dynamic report, which was released this week, tracked net job growth in the state at 16,310 jobs over the same time period.
That means the BLS’ quarterly BED report had about 80 percent more jobs reported for the state.
at Michigan Capitol Confidential.
The post Michigan job growth better than initially reported appeared first on Watchdog.org.