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Public and Private Labor Market Data: Insights From the Government Shutdown

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Abstract

Private and public data are complements, not substitutes: Private sources offer speed and granularity, while government surveys provide representative benchmarks. Different data sources can measure similar but subtlety different things. For instance, JOLTS, ADP, RPLS and Gusto all measure "employment" but define it in different ways. These differences can lead to very different measurements, illustrated by two private data sources diverging by 100,000 jobs during the shutdown.

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  • Claudia Macaluso, 2026. "Public and Private Labor Market Data: Insights From the Government Shutdown," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 26(04), February.
    • Handle: RePEc:fip:fedreb:102393
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