What have I been saying ever sine the recession began, the Bureau of Labor Statistics use of the "birth/death" model is flawed. To adjust the monthly jobs data by a number which is computed from a ‘model' of how many businesses were created and how many closed up during any given month is simply asking for trouble in maintaining any sense of accuracy.
The main purpose of the birth/death model is an attempt to offset the jobs data by what the BLS believes to be happening in the real world, the only problem is that the model relies on assumptions. And assumptions are worthless in an economic
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