There are multiple sources for occupation jobs data. Some of these data sets may seem to contradict each other. In this article, we look at examples of this and the reasons behind it.
Preliminary Estimates is an often-overlooked feature of JobsEQ. What these data are and why they are valuable is described below.
Some people are hesitant to use online job ads data since web ads do not cover all hiring activity. However, the volume of these ads is fairly comparable to hiring in most occupation groups.
The Bureau of Labor Statistics defines the labor force participation rate as the percentage of civilian noninstitutional population 16 years old and over either working or actively seeking work. However, when comparing one region to another, this may not be the best metric to use.
In the last quarter of 2017, there were over 210,000 private sector establishments in the wholesale trade agents and brokers industry (NAICS 425120) according to the Bureau of Labor Statistics (BLS). Just one quarter later, however, the number of these establishments plummeted by 27%.