Updated almost 2 years ago on . Most recent reply
How accurate is the BLS data?
I'm trying to compare areas by how diversify their economy so I'm looking at the BLS data report for Columbus OH and I see the numbers are a bit off:
The Civilian labor force is 1,120.7 while the Total Nonfarm jobs are 1,157.1 (36k difference).
As much as I understand Civilian labor force is the total potential force and Total Nonfarm is a percentage of the Civilian labor force.
Am I wrong?
Is the data discrepancy due to these two fields come form two different data sources and since this is statistical data then there can be a difference in the data?
(Data source link: https://www.bls.gov/regions/midwest/oh_columbus_msa.htm#eag_...)
The Civilian labor force is 1,120.7 while the Total Nonfarm jobs are 1,157.1 (36k difference).As much as I understand Civilian labor force is the total potential force and Total Nonfarm is a percentage of the Civilian labor force.
Am I wrong?
Is the data discrepancy due to these two fields come form two different data sources and since this is statistical data then there can be a difference in the data?
(Data source link: https://www.bls.gov/regions/midwest/oh_columbus_msa.htm#eag_...)