Americans return to the Labor Force - Jobs Report

All BS-here's the real numbers-funny how the 188,000 of the 290,000 is Birth/Death Model..so in essence only 36,000 real jobs created as 66,000 are Census and 188,000 are birth /death model.

False.

Even if you wanted to count ther birth/death model at the most extreme (*which is when lots of jobs are being lost btw, it doesn't follow well*), what was the monthly average at the last benchmark?

March 2008 to March 2009 it was this...

http://www.bloomberg.com/apps/news?pid=20601068&sid=aXoQJ14iSlWg

824,000 divided by 12 months is what? = 68,000 a month.

If you read that whole article,

“We are probably still underestimating job losses,” said John Silvia, chief economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “There could be another 30,000 to 40,000” that the data isn’t picking up, he said.

By October 2009 they estimated the model was only off by 30,000 to 40,000.

If you simply look at a historical trend of the birth/death model, it tends to not track 1 to 1 during downturns. This downturn was particularly harsh and caused a mass shedding of jobs making the data flawed. As the labor markets have normalized that data has returned to better estimates.

And next time look up this information before posting on a thread of mine. Simple math here.

If you want a real complicated review of their methedology you can look here:

http://www.bls.gov/ces/cesbdtech.htm