Skip to comments.NFP Less +103K Birth Death Adjustment = -23K; 530K Jobs Created In 2011 "Statistically"
Posted on 11/04/2011 6:02:36 AM PDT by algernonpj
And back to the old gimmicks: the Birth Death adjustment has now "added" 530 jobs in 2011, and the October number of 102K is 31K greater than a year earlier. ...
(Excerpt) Read more at zerohedge.com ...
I wish I had the attention span to figure out how I’m being lied to here.
Save your brain power. It's always a lie. I'm pretty much fed up with every shovel of shit this regime is trying to feed us while telling us it's caviar.
The Birth and Death model is a statistical tool that guestimates the number of jobs added and lost due to the birth and death of businesses that haven’t been reported at the time of the release of the unemployment statistics. It is applied to the National Payroll survey.
The data collected by the BLS come from two sources:
National Payroll Data from business, and
Household data from individuals
The household data is used to calculate the unemployment rate.
Figures don’t lie, but liars figure.
>>>”I wish I had the attention span to figure out how I’m being lied to here”<<<<
Could be my motto.
It would make a great tattoo, maybe on the shoulder with a man’s head and a thought bubble, and...wait...what was I talking about?