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To: AC Flyer who wrote (49775)	5/11/2004 1:18:45 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

Hi ACF: re net birth/death model - it's a new (may 2004) methodology to make the employment figures more up-to-date. While I feel one must stick to in dubio pro reo - ie that the Bureau of Labor Statistics did their Due Dilligence and politics did not interfere and the math behind it is sound - it is still an open question, how well this additional cooking of raw numbers will do down the road - the proof as ever is in the pudding: let's see how fair and close to reality it turns out to be in the rearview mirror in six months or a year. bls.gov One more sentence from Dr R's May letter is worth quoting: ... another oddity from the establishment survey: Average weekly hours fell in March: in fact, they fell so much that total hours worked declined even as the work force surged. Omission of "birth/death" hours? btw: there's nothing like a Schrodinger paradox - if we talk about the same Schrodinger, the one who had a cat etc - : it's just a solid fact that in some cases, when going quantum, you just cant have a cake and eat it too. PS: just as a reminder - this new additional massage of data resulted in 153k of 308k of new jobs. The other half of the total came mainly from two sectors: construction (71k) and retail (47k)

To: AC Flyer who wrote (49775)	5/11/2004 7:45:06 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

ACF Mike, At birth we are all given a mind, and we must put it to use, or give it back. The obvious truth amongst the facts is that when times are good, the creation of new businesses would obviously be way over the number of destruction of old commerce; and when times are bad, the destruction of old businesses could be several multiples of creation of new ventures. The statistical manipulation of equating business birth to commercial deaths is a frauds at worst, tragi-comedy at best, at any given instance and over time, Chugs, Jay