May 07 Jobs 88k, BirthDeaths Adj : 317K

So they added 317,000 to the nonfarm payrolls number to capture jobs created by new businesses? Am I reading that correctly?

Good thing they didn't create a headline from this paragraph from the commisioner's statement, regarding the household survey:

Results from the survey of households showed that both the unemployment rate, at 4.5 percent, and the number of unemployed, at 6.8 million, were essentially unchanged over the month. Civilian employment fell by 468,000 in April, with the decline concentrated among adult women. The proportion of the overall population that was employed--63.0 percent--fell by 0.3 percentage point.
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the consensus for job creation was around 90,000 give or take and the BLS adjustment magically got it there...........

Isn't magic fun?
 
I have posted before, job growth, as is a lot of economy is not easily captured data with growing influx of black market labor. Construction, meatpacking, healthcare, hospitality, etc is ILLEGAL labor and will not be accounted for accurately. Hundreds of thousands of jobs coming and going. Same with savings and spending, actual income.... Why do you think their is a collective yawn on Friday 5.4.07? When was the last time employment numbers were traded for more than an hour?
 
If a US company hires a worker in India, do they count that worker as 1 additional hire in the non-farm payrolls report, since it is for a US company?
 
nonfarm-payrollsVsGovtPayrolls.png
 
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