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Economic data are often released in preliminary form and are subject to revision. In this article, we summarize recently published revisions to North Carolina’s job growth estimates and discuss their implications for data users.
Economic data are often released in preliminary form and are subject to revision. In this article, we summarize recently published revisions to North Carolina’s unemployment and labor force statistics and discuss their implications for data users.
Quarter 2 data from the Quarterly Census of Employment and Wages (QCEW) were recently released, and as expected provide a stark contrast to the first quarter of 2020. As the impacts of the pandemic began to be widely felt in the early spring of 2020, changes in consumer behavior as well as school closures and other restrictions on business activity led to an unprecedented drop in economic activity throughout the state and the nation.