Submitted by Tyler Durden on 07/08/2011 14:13 -0400
* BLS
* Bureau of Labor Statistics
* Layering
* ratings
Despite the endless din from the clueless economist brigade attempting to couch the impact of the Birth Death adjustment on actual non farm payroll numbers, there is a workaround which confirms that of the 1 million "job gains" in the past year, well over 50% of these have come from the statistical fudge factor known as the Birth Death Adjustment. We wonder when anyone in the administration will mention that of the 1 million jobs "created" in the past year, 606,000 have been purely the product of overzealous excel models.
»
* 98 comments
* Read more
http://www.zerohedge.com/article/birthdeath-adjustment-was-responsible-over-50-payroll-gains-past-year
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 