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Monday, December 6, 2010

BLS about to institute Orwellian accounting of unemployment

Remember Orwell's double speak....Whelp its about to be fact at BLS

One notorious "adjustment" factor the BLS uses in its calculation of monthly unemployment is the birth/death index, in which the BLS "estimates" the number of jobs created at small firms that were just "born", and how many jobs were lost beacuse of the "death" of firms....

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