(snip)" When the gov't releases Friday's unemployment report, nearly a million jobs could be erased. The change won't show up in the monthly report. Rather, the expected drop will show up in the gov'ts Revised Job Losses from April 2008 through March 2009"(snip)
(snip)"The revision comes every February. But this one, originally projected by the Labor Dep't to be minus 824,000, will be the biggest in 18 years.
Blame the 'birth / death" model for the revisions"(snip)
(snip)"Despite the big revision stemming from the birth / death model, the Labor Dep't says 'there are no changes to the current modeling technique scheduled at this time"
That leaves economists and the rest of us to wonder what the error rate is from April 2009 onward - numbers that won't be revised until February of 2011. What we do know is the birth / death model has generated hundreds of thousands of jobs since April of last year - jobs that may get revised away in the final analysis"(snip)



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