A new U.S. data series released on Tuesday by the Bureau of Labor Statistics shows a "tremendous churn" of jobs every quarter...
7.2 percent of all jobs in December 2002 did not exist three months earlier, while 7.3 percent of jobs in September 2002 had disappeared by the end of the year -- a significant churn that cannot be seen by looking at the Labor Department's monthly payrolls report.
What does this mean? It seems to mean we're hiring a lot of freelancers and temps, as Nathan Newman explains. The new economy?