Moody's Talks - Inside Economics No Jobs Friday
Oct 3, 2025
In a thought-provoking discussion, Lisa Simon, Chief Economist at Revelio Labs, shares insights on the state of the labor market amid a government shutdown. She highlights how private data, like Revelio's workforce analytics, can fill gaps left by absent government statistics. Topics include notable trends in job postings and salary growth, the impact of H‑1B visas, and current layoff notifications. Lisa provides a sneak peek into Revelio's recent findings, showcasing industry fluctuations and emphasizing the delicate balance of hiring in uncertain times.
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Private Data Complements, Not Replaces, BLS
- Government statistics remain the foundation for representative labor data despite private alternatives filling gaps.
- Revelio and others can supplement short-term gaps but still rely on BLS benchmarks for reweighting and representativeness.
Combine Private Sources With Annual Reweighting
- Pair private real-time sources with official statistics when possible to improve timeliness and accuracy.
- Consider annual reweighting to BLS benchmarks and use company-reported headcounts if government data is temporarily unavailable.
How Revelio Builds Representative Headcounts
- Revelio primarily scrapes public professional profiles (mostly LinkedIn) and cleans ~105 million U.S. profiles for analysis.
- They reweight that sample to BLS occupational and industry distributions to produce macro labor estimates.