Business Employment Growth
The Current Employment Statistics survey is undergoing a major revision so that it can account better for employment added when new businesses open and lost when existing businesses close. The previous methodology, bias adjustment, had shortcomings that necessitated large revisions when benchmarking employment data every March.
Suggested citation: "Business Employment Growth," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-10, pp. 13, 10.01.2001.