6/30/09

Birth Death



Get your facts first


and then you can distort them as much as you please


 


Mark Twain


 


If US GDP grew 2% in 2007


as the economy created 1,300,000 new jobs


 


and 2008 GDP growth was 1.3%


but the economy lost 2,600,000 jobs


 


how could the Bureau of Labor Statistics


Birth/Death job growth benchmark guestimate revision


in January 2008


 


only fall to 356,000


 


from 378,000 in 2007?


 


A man generally has two reasons for doing a thing


one that sounds good and a real one


 


J P Morgan


 


Is it conceivable


that the Birth/Death adjustment


could add 904,000 hypothetical jobs in 2008


on top of 883,000 in 2007?



 

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