Using climate-loon's "math"-----Media Lies: Those January Jobs Gains Never Happened STEPHEN GREEN

Media Lies: Those January Jobs Gains Never Happened STEPHEN GREEN

• When are 335,000 new jobs not 335,000 new jobs? When Washington makes them up and the media dutifully report them with all due breathlessness...
  

The U.S. created an extraordinary number of jobs in January. Here's a deeper look. —NPR
U.S. employment soars by 353,000, stunning Wall Street. —MarketWatch...
So how did the BLS come up with 335,000 new jobs when the Household Survey showed a net loss of 31,000? For that, let's go to Seeking Alpha:

The BLS also publishes the data behind their Birth/Death assumptions. January is always a big drop, but this was smaller than last year (-144k in Jan 2023 vs. -121k in Jan 2024). Birth/death specifically refers to assumptions made about new business being formed.

"Birth/Death assumptions" means just that. 

The BLS assumes that so many jobs were created or destroyed and (kind of) fixes the imaginary numbers when the real data come in. 

Now you know why jobs always seem to get revised downward. 

• Seeking Alpha adds that "many believe the Household survey is a more accurate measure of employment when compared to the headline number."

No kidding.