seconds: Million 0.0328 years; Billion 31.7 years; Trillion 31,710 years


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Thursday, October 7, 2010

Job losses in 2009 bigger than thought

Blames 902,000 miss on faulty estimates

The department blamed its 902,000 miss on faulty estimates of how many companies were created or destroyed, and it has not yet made any changes to the so-called birth-death model that produces this projection.



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