Wednesday, February 3, 2010

U.S. May Lose 824,000 Jobs as Employment Data Revised: Analysis

http://www.bloomberg.com/insight/birth-death-model.html

Oops due to a technical error that we've never run into before, we are forced to show
a slight error in the employment report that runs from April 2008- March 2009.
So we are revising( there's that word again)the data to show the true figure ( or at least as close to the truth as we think you'll accept) with the addition of another 824,000 lost positions.
Don't blame us it was a technical glitch, and while your at it, please don't ask
what the revised totals for April 2009- March 2010, please be patient, you'll find that out in 2011.
We don't want to ruin the surprise!

The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time.

Click here for a Bloomberg Multimedia interactive visual analysis of the economy’s job losses.