Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
US Prelim Benchmark Payrolls Revision
Employment levels are closely watched because they influence how policymakers gauge the strength of the economy;
This is a reconciliation of survey-based employment with administrative records, highlighting discrepancies in reported job growth. The impact tends to be significant when the difference is large, as it can shift how traders assess labor-market conditions. There’s a revised version released about 170 days later, but it’s not included for lack of significance;
- US Prelim Benchmark Payrolls Revision Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 9, 2025 | -911K | -818K | |
| Aug 21, 2024 | -818K | -306K | |
| Aug 23, 2023 | -306K | 462K | |
| Aug 24, 2022 | 462K | -166K | |
| Aug 18, 2021 | -166K | -173K | |
| Aug 19, 2020 | -173K | -501K | |
| Aug 22, 2019 | -501K | 43K | |
| Aug 22, 2018 | 43K | 95K |
- Details
Specs
Source:
Measures:
Difference in value between observed and estimated non-farm employment levels during the previous 12-month period ending in March;
Usual Effect:
No consistent effect - there are both risk and growth implications;
Frequency:
Released annually, about 150 days after the benchmark reference period ends;
Event Type:
Employment