[SeekAndFind]

RE: On top of that they superimpose birth/death data to further massage the number.

Can you or someone please enlighten me on what this birth/death data is? I keep reading about it but don’t understand what it means... I know it is an estimate, but what is it an estimate of and why can’t we count on it?

Thanks.

[entropy12]

Birth & Death adjustment is extrapolation of past data. It tells them about expansion of the work force.

[khelus]

Can you or someone please enlighten me on what this birth/death data is? I keep reading about it but don’t understand what it means... I know it is an estimate, but what is it an estimate of and why can’t we count on it?

The Birth and Death numbers are a guesstimate of how many jobs are created and lost as a result of businesses opening and closing.

A mathmatical formula, supposedly based on the recent past, is used to guesstimate the number.

You can read more about it here.

The Birth and Death number is applied to the non-seasonally adjusted number and run through seasonal adjustment to get the headline number of payroll jobs created.

I have not been able to determine if the non seasonaly adjusted numbers in table B-1 include the Birth and Death numbers or not. BLS documentation tends to fall in the category of 'hiddrn in plain sight'.

Note The Birth and Death Model only applies to the Payroll data collected from business.