Labor Department Annual Adjustments to Nonfarm Payrolls

As previously posted, the Labor Department reported yesterday that the U.S. economy created 386,000 more jobs from April 2011 through March 2012 than previously reported. The revision was the result of the annual re-calibration of the department employment estimates.

Looking at the Bureau of Labor Statistics’ technical notes, this revision wasn’t all the large compared to other years. Here are the department’s annual adjustments since 2002.

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