prospect.org - 2/7/2009
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That may be hard to believe, but the economy almost certainly lost more jobs in January than the 597,000 job loss reported by the Bureau of Labor Statistics (BLS). The reason is that BLS imputes jobs for new firms that are not included in its sample.
The formula used for calculating this ...
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naked capitalism —
"Black Saturday" doesn't have much of a ring to it, does it? Josh Reviews Everything Pay Cap Debate: They Don't Go Far Enough . . .Lucien Bebchuk, Wall Street Journal CEOs, Bankers Used Corporate Credit Cards for Sex, Says New York Madam ABC (hat tip reader Tim). This would be vastly amusing, but we probably won't get names. Darn. Jobs Report: It's Worse Than It Looks Dean Baker. Thank our old friend, the birth/death model. Fed's Yellen sees dynamics similar to Depression Reuters Dry bulk ...
Saturday Open Thread
European Tribune —
[image] [image] The first one is from speaker.gov; the second sent by email by Sterling Newberry. Then there is this, from Dean Baker , who suggests that the real numbers are worse than those announced, given that the models used to determine jobs seem to imply that more jobs were created by new firms in recent months than in the same period last year...: [image] In the long run, we're all dead. John Maynard Keynes
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