Last month I noted that despite local data points and expert opinions pointing to a slowdown in the retail industry, the California Employment Development Department reported that retail industry employment was growing at a fairly healthy pace. To explain this disparity, I offered the hypothesis that the "birth-death model," a statistical adjustment applied by the EDD in order to model the number of new businesses coming into existence, was overestimating the number of[...]
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[Source: The Money Blogs]
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