BLS reported an increase of 290,000 jobs last week and unemployment rose to 9.9%. Hidden beneath the surface the BLS Black Box - Birth Death Model added 188,000 jobs.
Added were 66,000 temporary census workers to the payrolls, and next month the Obama administration plans to hire 500,000 more temporary workers. Starting June through August they will all be fired. Read here for further information.
Friday, May 7, 2010
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