Why several hundred thousand jobs are about to “vaporize”. Don’t panic – the BLS has a statistical model that attempts to account for the birth and death of businesses in its job numbers. Every January, it revises the number, usually to the downside: avg of last 5 years is -335K. If the gubbermint’s job numbers last year seemed at bit phoney to you, this model is part of the reason why.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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