The Government's Birth Death Model Is Wrong

I think the total revision eliminated about 12% of all the jobs that the government claimed were created in the first five months of the year now I have a feeling that maybe we're going to get some more downward revisions to these prior numbers as the government gets more information. A lot of the numbers have come from the birth-death model where the government is assuming that businesses are being born right people are starting new businesses and that those new businesses are adding employees but I think these assumptions are wrong.