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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: CalculatedRisk	5/6/2005 12:02:01 PM
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Birth / Death model. People keep getting this wrong. The headline seasonally adjusted number for April is 274K jobs. The birth / death model was 257K: bls.gov The actual BLS reported jobs created in April was 1.179 Million (before seasonal adjustment). Of these 1.179 million jobs, 257K came from the birth/death model (or about 22%). If you follow the link to the birth/death model you will see: "Note that the the net birth/death figures are not seasonally adjusted, and are applied to not seasonally adjusted monthly employment links to determine the final estimate." I hope this helps.

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