Federal Reserve Bank of Cleveland: 'BLS Payroll Revisions: Forecasting Recessions'
December 23, 2025
December 23, 2025
CLEVELAND, Ohio, Dec. 23 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 25-26) on December 18, 2025, by Rory G. Quinlan and Roberto B. Pinheiro entitled "BLS Payroll Revisions: Forecasting Recessions."
Here are excerpts:
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We investigate the behavior of BLS monthly revisions to payroll growth at turning points. We find some evidence corroborating claims by former BLS commissioners and market analysts t . . .
Here are excerpts:
* * *
We investigate the behavior of BLS monthly revisions to payroll growth at turning points. We find some evidence corroborating claims by former BLS commissioners and market analysts t . . .
