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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: critical_mass who wrote (29511)5/6/2005 1:09:35 PM
From: CalculatedRisk  Respond to of 116555
 
Yes. But the idea of the birth / death model is to estimate new business jobs (or losses) in the current month. Supposedly the survey then picks up the actual change a month or two later and is reflected in the revised numbers. If those new jobs didn't occur, the BLS would revise down previous months.

This is a problem at a turning point (when jobs turn down the BLS will miss the turn), but IMO there is nothing sinister here.


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