How are the labor force statistics for States and local areas derived?
Monthly estimates of employment and unemployment are prepared for approximately 6,700 geographic areas, which include all States and labor market areas. The statewide estimates are based on dynamic time series regression models that utilize data from the CPS, the Unemployment Insurance system, and the Current Employment Statistics survey. Both seasonally-adjusted and not-seasonally adjusted estimates are produced each month. Estimates are benchmarked annually to the annual average CPS Statewide employment and unemployment estimates. States are divided into Labor Market Areas which exhaust the geographic area of the State. Independent estimates are produced for all labor market areas using a standard procedure knows as the “Handbook” method. The Handbook method is an effort to estimate employment and unemployment for an area using available information, comparable to what would be produced by a random sample of households in the area, without the expense of a large labor force survey li
Related Questions
- Why are the labor force estimates for areas and cities different between the LA (Local Area Unemployment Statistics) and GP (Geographic Profile) series?
- Why are the labor force estimates for areas and cities different between the LA (Local Area) and GP (Geographic Profile) series?
- How are the labor force statistics for States and local areas derived?
