U.S. May Lose 824,000 Jobs as Employment Data Revised: Analysis

[Bindare_Dundat]

Bloomberg
Feb. 3, 2010


Feb. 3 (Bloomberg Multimedia) -- The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time.



http://www.bloomberg.com/insight/birth-death-model.html

[Soul Crusher]

Bloomberg
Feb. 3, 2010


Feb. 3 (Bloomberg Multimedia) -- The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time.



http://www.bloomberg.com/insight/birth-death-model.html

I have posted about this and it is overdue.  This is the birth death adjustment that you and I have discussed many times. 

 

[Soul Crusher]

This is going to drive the UE rate alot since it represents a huge increase in the numbers. 

Some of us warned thi was coming a few months ago and it all fell of deaf ears.  I think we were discussing Palin or something.