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Re: Zeev Hed post# 284301

Saturday, 08/14/2004 3:56:05 PM

Saturday, August 14, 2004 3:56:05 PM

Post# of 704019
"The last employment report was strange since the household survey indicated growth of more than 600,000 jobs while the employment rate as derived from business reports was up only some 32,000. These two numbers surely don't jive ..."

i thought these discrepencies were resolve (to all minds but larry kudlow's) ... see e.g.

http://bigpicture.typepad.com/comments/2004/03/bls_on_payroll_.html

and its links. but overall, why the bls numbers are trustworthy at all is beyond me. here, re birth/death adjustment for example:

http://www.prudentbear.com/archive_comm_article.asp?category=Guest+Commentary&content_idx=34986

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