-10- FACT SHEET This fact sheet conveys important technical information that will contribute to a better understanding of resident labor force, including unemployment rates, and job data included in this and future press releases. State unemployment rates based on regression model Unemployment rates for New York State and all other states (as well as New York City and the City of Los Angeles) are estimated using time-series regression models developed by the U.S. Bureau of Labor Statistics. The model reduces month-to-month variation in labor force data by reducing variation caused by sampling errors and other statistical noise (irregularities). Benchmarking of estimates At the end of each year, labor force data are revised to reflect updated input data including new Census population controls, revised establishment jobs data, and revised state-level data from the Current Population Survey (CPS). As part of this procedure, all state figures are reviewed, revised as necessary, and then re-estimated. This process is commonly referred to as "benchmarking." Changes in methodology With the release of January 2005 data, a new time-series regression model that utilizes "real-time" benchmarking is in effect. The redesigned model should reduce end-of-year revisions as major economic events will be reflected in a more timely manner. The new model also changes how estimates of new entrants or re-entrants into the labor force are made for sub-state areas, which may result in higher or lower unemployment rates in some sub-state areas. Also effective with the January 2005 release data are updated metro area definitions. Please see http://www.labor.state.ny.us/workforceindustrydata/PDFs/enys1104.pdf for additional details. Unemployed and UI Beneficiaries The estimate of the number of unemployed includes all persons who had no employment during the reference week (the week including the 12th of the month), were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Unemployment insurance (UI) beneficiaries include those who apply for and qualify for UI benefits. Consequently, the estimate of the number of unemployed and the number of UI beneficiaries do not necessarily move in tandem. Persons collecting UI benefits generally make up from 35 to 50 percent of the unemployed. Job data Monthly job data are obtained from the Current Employment Statistics survey of business establishments, which samples 18,000 establishments in New York State. The survey excludes self-employed workers, agricultural workers, unpaid family workers and domestic workers employed by private households. The data represent a count of jobs by place of work. Estimates for each month are revised the following month, as well as at the end of each year, as more complete data become available. Press release availability In an effort to distribute information faster and more reliably and to reduce shipping costs, the New York State Department of Labor's monthly press release is available exclusively online at: http://www.labor.state.ny.us. Please e-mail us at nysdol@labor.state.ny.us if you have any questions.