May jobs report had ’misclassification error’; Might be 16.3%

May jobs report had ’misclassification error’; Might be 16.3%

As per reports, the official jobs report for May included a note at the bottom saying there had been a major ’error’. The note said that if not for the error, the ’unemployment rate would have been about 3% higher than reported’. BLS conducted survey interviewers reportedly misclassified some workers as ’employed not at work’, when they should be classified as ’unemployed on temporary layoff’.

Kathy
Kathy
Skeptic
Skeptic 4 weeks

As usual reality is more nuanced than reported. Unemployment IS higher than reported but it is not really an 'error' as much as confusion because our circumstances don't fix the standard data categories. For instance, people are not working but still employed because of PPP. Unemployment rate is higher than stated but that was even more true in April so May report is a clear improvement on April. None of this should be politicized. BLS is trying to do its best in a confusing and fraught situation and not obviously skewing results. Any choice they made would be criticized. Trump statement about Floyd was dumb -- 'This is great day for him'. Trump would have done better to focus on jobs numbers and ignore protests for a day. [Note: corrected quote from original comment].

Darrell Vermilion
Darrell Vermilion 3 weeks

So does this mean Nancy pelosi WON'T be attempting to take credit after all?

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