Inquiring minds are asking "What Birth/Death numbers for 2007 and 2008 did the BLS report?"
Jobs Flashback January 4, 2008
Unemployment Soars as Private Sector Jobs Contract
Average Birth Death Adjustment for 2007 is 94,000 jobs per month due to presumed net business job creation.
Jobs Flashback January 9, 2009
Jobs Contract 12th Straight Month; Unemployment Rate Soars to 7.2%
Average Birth Death Adjustment for 2008 is 57,000 jobs per month due to presumed net business job creation.
That does reflect a dip, but remember that birth/death adjustments are net figures. The article did not provide a chart of businesses that went out of business in during the recession.
In the third quarter of 2008 the the 187,000 businesses launched were the fewest in a quarter since 1995 and the number of jobs per startup had collapsed, yet the BLS still had positive net numbers for the year.
Presumably the net number of business startup jobs rose during the entire recession even though the number of startups and the number of jobs created per startup were both declining,
I do not buy it. Can we see the data on business deaths please?
Jobs Flashback September 4, 2009
Jobs Contract 20th Straight Month; Unemployment Rate Hits 9.7%
Anyone believe that preposterous set of numbers?
So far in 2009, The Birth Death adjustment is adding 84,000 jobs per month due to presumed net business job creation.
(from Mish's Trend Analysis - link at left of page)
Lat said:
ReplyDeleteI don't buy it either.
Because it's impossible, the numbers don't jive at all.
I need someone to explain this to me, cause here's what I see happening with this present government.
It seems they are doing everything in their power to eliminate anything that is not huge business.
Huge businesses that they can take over, government run, and
slap a union in there.
We all know they have the unions backing them,
and it's almost impossible to put a union in a small business.
There has to be some reason that they are going out of their way,
to do as much damage to small businesses as they can.
It's like they sat down and said, "what can we design to do the most harm to small businesses and get them closed."
LAT, and I know, especially, with this HCR mess they are sooooooooooooo manipulating numbers in that and everything else that it is not funny at all! This proves that!
ReplyDelete11. toddluck 9:13 PM GMT on September 28, 2009
ReplyDeleteso who is gonna pay for the extra teachers and teachers time? They just laid off 30 teachers here this year.
Same old gov't sting that they do: Mandate it, but don't fund it. Of course someone has to pay, but they are not going to want to say it was the FED that raised taxes and made us pay. So, what they do is mandate it and leave funding it to the state and local levels. Watch what I'm telling you - I've seen it over and over - it IS the DC way!
Lat said:
ReplyDeleteWell it certainly seems to be this presidents way,
and this congress, that's for sure.
Then send the "charmer" out to be on every TV show,
every town hall meeting, to sell it.
No matter that it's all some pie in the sky dream.
Did you see the chart on debt? Nearly every area of debt has declined except the FED's which has gone STRAIGHT up!
ReplyDeleteSi Senor
ReplyDeleteOnly the Fed's debt is our debt.
(I can feel the hand in my back pocket as I type)
oops, that was me again!
ReplyDeleteLat
LOL, Lat. I know this is awkward. I screwed up at WU and this is making it harder on y'all now. Sorry.
ReplyDeleteWant me to do one of those liberal whiny victim things? LOL
ReplyDeleteme again!
LOL, Lat - naaaaahhhh! I don't think you'd be too good at that! ;P
ReplyDelete