What is the revision schedule for the quarterly labor productivity and costs measures?
Generally, a recent quarter of data is revised two or three times after its initial release. Historical revisions occur when the source data used in their construction are revised. Because many of these sources are revised independently, the productivity measures undergo frequent revision. Revisions to source data include the following: Output and compensation data: A three-year revision is generally incorporated into the August press release. This revision occurs when the Department of Commerce revises the National Income and Product Accounts. Employment and hours data: A five-year revision is generally incorporated into the March press release. This revision occurs when the Bureau of Labor Statistics benchmarks the national establishment employment data. Manufacturing output data: Revisions to manufacturing output affect a variable number of years and occur on a somewhat variable schedule. Revisions occur when the Board of Governors of the Federal Reserve Board revise their data and
