Preview of the 2018 Comprehensive Update of the Regional Economic Accounts

Initially, revised annual and quarterly state personal income statistics from the first quarter of 1998 to the first quarter of 2018 will be released in September; these statistics were compiled according to the North American Industry Classification System (NAICS). Currently, quarterly state unemployment insurance compensation is estimated using monthly data from the Department of Labor's Employment and Training Administration (ETA) on the amount of benefits paid to unemployed workers by state.3 Annual estimates are distributed to quarters using the seasonally adjusted ETA data as an indicator. Since the NIPA measures control the quarterly state estimates of federal civilian and military wages and salaries, this seasonal effect will also be removed from them as well. Currently, the state estimates of trade adjustment assistance, a component of unemployment insurance compensation, are allocated to counties using a 1986 distribution of benefits from the Department of Labor.