Brace For Massive, "1 Million Plus" Negative Jobs Revision Tomorrow As Birth-Death Model Is Finally Fixed

For the past 5 years we have often hammered the table on the biggest, most glaring fudge factor in the monthly jobs report, namely the
"birth-death adjustment" - which became a statistical fiasco in the aftermath of the covid PPP-loan scam as thousands of fake "new companies" were created to take advantage of the government's free money handout generosity - and which has since corrupted the underlying statistics in the jobs report beyond recognition again...

Almost half of all "job gains" in the past year are from an excel spreadsheet which assumes 1.84 million new jobs were created from new business creation (i.e. Birth/Death adjustment)https://t.co/C8xQNvZKYF pic.twitter.com/SyJBtBkQBd

— zerohedge (@zerohedge) May 5, 2023