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  • ADP Job Loss Estimates Paint a Gloomy Picture [View article]
    "While the BLS numbers will continue to be the official ones, the ADP numbers do not have the Birth/Death adjustment that the BLS numbers have -- an adjustment that has consistently been working to lower the job loss totals, and which I find very hard to take seriously."

    Good article and I totally agree with your birth/death comments... we're in the midst of the worst and longest recession since the G.D., and yet month after month our economy magically generates a couple of hundred thousand net new jobs thru new business formations in excess of business closings.

    Hmmm... what is that statement about "figures don't lie, but liars figure"?
    Jul 01 14:40 pm |Rating: +4 0 |Link to Comment
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