IMPLAN Blog

The Bureau of Labor Statistic’s (BLS) Monthly Employment Situation Report, also known simply as the monthly jobs report, is one of the most highly-anticipated and closely-watched employment reports due to the timeliness of the data – released mere weeks after the survey data are collected. However, this timeliness entails a trade-off with accuracy, and that trade-off has been costlier in recent years, with both the monthly revisions (as more survey responses flow in) and the annual revisions (the result of benchmarking to other data sources) raising eyebrows lately.  

For example, the 2024 annual benchmark revision estimates from August 2024 implied a larger than typical downward revision of over 800,000 jobs In August 2025, the seasonally adjusted employment estimates for June 2025 were revised downward by 27,000, flipping the estimate of job creation from positive to negative. The most recent benchmark revision estimates from September 2025 implied another larger than typical downward revision of over 900,000 jobs (-0.6 percent).  

In this article, we break down how the estimates in the monthly jobs report are compiled, why the estimates undergo revisions, why those revisions have been so large recently, and whether the BLS data are trustworthy.