The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Friday, July 08, 2011
Birth/Death Adjustment was Responsible for Over 60% of the Payroll Gains in the Past Year!
Quite remarkable, isn't it? This "Birth Death" adjustment on actual non farm payroll (NFP) numbers confirms that of the 1 million "job gains" in the past year, well over 60% of these have come from a statistical factor. (These are not real jobs, folks, just a STATISTIC!) Do you wonder when anyone in this administration or media will mention that of the 1 million jobs "created" in the past year, 606,000 have been purely the product of statistical models? Well, I already know the answer to that rhetorical question.
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