Demographic data within CreditScope is obtained from three federal governmental agencies: the U.S. Bureau of Labor Statistics (BLS), the U.S. Bureau of Economic Analysis (BEA) and the U.S. Census Bureau. With the release of new updates almost weekly, Merritt is continuously updating demographic data so that it is as up-to-date as possible. In some cases, updates can take longer to implement, which leads to the question: "How soon do demographic releases get applied to Credit Scope?"
The most frequent updates come from the BLS. These updates are generally released on a weekly basis, reflecting changes and adjustments to all past months' data in addition to the newly added monthly data. These updates should be reflected in the CreditScope data on the Tuesday following the release.
BEA updates are much more infrequent than those from the BLS. Similar to the BLS, all BEA updates account for past changes and adjustments to prior years. The BEA updates should be available on the Tuesday following the release.
The Census Bureau updates are much more intensive since there are more surveys provided under the Census Bureau realm. Depending on the Census Bureau update that is being applied, the availability of adjustments to prior years will vary. Merritt will always update all prior years as long as they are included in the update. Due to many different surveys and frequent layout changes to the data from the Census Bureau, we make our best effort to include all updates available on the Tuesday following the release date, but it may require an extra week or so before it is available to you.