Colorado Department of Labor and Employment • 633 17th Street, Suite 1200 • Denver, CO 80202 • (303) 318-8004 • Fax: (303) 318-8070
For Immediate Release
Date: August 28, 2013/ 8:00 A.M.
Contact: Office of Government and Public Relations
Phone: Bill Thoennes at (303) 318-8004 or Cher Haavind at (303) 318-8003
Fax: (303) 318-8070
(DENVER) – Today, the Colorado Department of Labor and Employment released an analysis of expected revisions to the monthly nonfarm payroll jobs estimates based on first quarter 2013 Quarterly Census of Employment and Wages (QCEW) results.
March 2013 total nonfarm payroll jobs estimates, produced by the Bureau of Labor Statistics and the Colorado Department of Labor and Employment, are expected to be revised up by about 18,300 or eight tenths of a percentage point. January and February 2013 estimates are expected to be revised up by about four tenths of a percentage point and five tenths of a percentage point, respectively.
These revisions would shift the return to the payroll jobs peak prior to the so called Great Recession from June 2013 to as early as February 2013.
This analysis is based on employer reports filed with the Department of Labor and Employment, which include a count of workers at each business establishment in Colorado and are available through the QCEW program.
Other key findings of the analysis include:
A complete overview of the expected revisions to Colorado nonfarm payroll jobs is available in the attached pdf document.
Expected Revisions to Colorado Nonfarm Payroll Jobs based on second quarter 2013 QCEW data will be released on Wednesday, November 27, 2013.