Jobs Friday: Crunching The Numbers : Planet Money On the first Friday of every month, the Bureau of Labor Statistics releases a jobs report which includes the number of new jobs added to the U.S. economy. But how is that number calculated?
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Jobs Friday: Crunching The Numbers

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Jobs Friday: Crunching The Numbers

Jobs Friday: Crunching The Numbers

Stuart Kinlough/Getty Images/Ikon Images
Image of employees on Jobs Friday.
Stuart Kinlough/Getty Images/Ikon Images

A new month means a new jobs report!

But how much can you trust the report? The Bureau of Labor Statistics (BLS) frequently revises the number that it puts out. For example, back in August, the BLS said between March of last year and March of this year, the US economy created five hundred thousand fewer jobs than the BLS had previously reported for that month.

So how does the BLS come up with its figures? And if the data is likely to be revised, why do we pay so much attention to that first version of the monthly jobs report?

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