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Something to note about the job loss number reported today… via Barry Ritholtz
Private-sector employment fell by 611,000; the differential between NFP and private sector employment is primarily new hires for the 2010 Census;
http://www.ritholtz.com/blog/2009/05/looking-more-closely-at-the-good-bfp-data/
Sounds like a good way to improve the official estimate of NFP numbers for April… hire a bunch of public sector, low wage, census workers.
