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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