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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (389748)7/2/2009 4:08:13 PM
From: Secret_Agent_Man  Read Replies (1) of 436258
 
The other part of this morning's Tall Tale that most people don't get to is the CES Birth/Death Model. This number is where some statistical 'mighty tall' estimating goes on, trying to guesstimate how many jobs were created that government didn't actually count, but knew must be there by statistical inference.

If you click over here (link) you'll see the job creation in June was 220,000 and we're led to believe that 77,000 of these jobs were created in leisure and hospitality. If that doesn't have you chocking on your coffee, consider that since the first of the year the CES model says more than 110,000 jobs have been (statistically) created in construction. Cool numbers, huh? Net year to date job creation in the CES model is 338,000, but more like 694,000 created if you back out the January drop of 356,000 in the model.

urbansurvival.com
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