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What’s Wrong With The Unemployment Rate?
Posted
February 24, 2021
Views
147,552
Likes
1,997
Comments
415
Engagement
1.63%
February 24, 2021
147,552
1,997
415
1.63%
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Economists and traders were shocked after the unemployment rate unexpectedly dropped in May 2020 after shooting up in March and April due to the coronavirus pandemic. The Bureau of Labor Statistics even admitted that there was a "misclassification error" that counted people as employed, rather than unemployed. What happened and how is it being fixed?
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Is The Unemployment Rate Wrong?
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