Announcement

Collapse
No announcement yet.

The May Unemployment Rate...

Collapse
This topic is closed.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Nichols
    replied
    Already has a thread:
    https://forums.armchairgeneral.com/f...rts-to-recover

    Leave a comment:


  • Massena
    started a topic The May Unemployment Rate...

    The May Unemployment Rate...

    ...made an error.

    https://www.msn.com/en-us/news/us/a-...cid=spartandhp

    When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should be higher than the widely reported 13.3 percent rate.

    The special note said that if this “misclassification error” had not occurred, the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the unemployment rate would be about 16.3 percent for May. But that would still be an improvement from an unemployment rate of about 19.7 percent for April, applying the same standards.

Latest Topics

Collapse

Working...
X