Take away the “Birth/Death Adjustment” of 206,000, and the NFP is a negative 150,000 jobs for May 2011, which is probably closer to the real number. Why? The "Birth/Death Adjustment" is a statistical number that at best is nothing more than a guess. For the US to return to its December 2007 unemployment, when factoring in the natural growth of the labor force of 90,000 people a month, the economy will need to add 250,000 jobs a month for the next 66 months. What are the odds of that happening? I would say one big fat ZERO.
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