Rajesh (homepage, profile) wrote on Fri, 6/5/2009 - 6:00 am Birth/death model added 220k jobs: I guess a lot of Chrysler workers suddenly opened up new businesses. Who knew they were such go-getters.
har har har Diversity is the key to economic and political evolution.
That's not to say that's what's going on here. I would've expected it a little farther down the road. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
It's true otoh that previously employed or unemployed persons leaving the labour force en masse because they don't consider they have any chance of finding a job (my hypothesis) is possible but not so likely.
MT's suggestion, that "phantom" jobs are added by the birth/death model, would increase the labour force (on the jobholder side), and therefore tend to decrease the unemployment rate.
Maybe Jérôme's right and the stats are just surprising.
