215k (birth/death)????
“215k (birth/death)????”
This is an arcane, officially-sanctioned fudge factor the gov’t can throw into things to baffle everyone. The issue this time is that the un-fudged numbers are so incredibly rotten that the attempt at fake euphoria not only cannot overcome them, but becomes revealed even more clearly as the BS it actually is.
As a trading matter, this smackdown open should be bought!
Anybody else notice that we’re really encountering an incredibly dense barrage of negative news on just about all fronts?
The official job numbers are based on a monthly survey of employers, augmented by something called the “birth-death model,” which factors in jobs assumed to have been created by employers who are too new to have been included in the survey, and subtracts jobs from employers assumed to have failed and therefore not responded to the latest survey.”